HubSpot Inc (NYSE:HUBS) has been given a consensus recommendation of “Buy” by the seventeen analysts that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $146.93.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research restated a “hold” rating on shares of HubSpot in a report on Tuesday, November 13th. Morgan Stanley upped their target price on shares of HubSpot from $141.00 to $146.00 and gave the stock an “equal weight” rating in a report on Thursday, November 8th. Oppenheimer upped their target price on shares of HubSpot from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, November 8th. Raymond James upped their target price on shares of HubSpot from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, November 8th. Finally, Rosenblatt Securities assumed coverage on shares of HubSpot in a report on Thursday, October 4th. They issued a “buy” rating and a $170.00 target price on the stock.
HUBS traded up $6.52 during trading on Monday, reaching $133.28. 416,700 shares of the stock traded hands, compared to its average volume of 526,150. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $4.97 billion, a P/E ratio of -130.67 and a beta of 1.80. HubSpot has a 12 month low of $85.65 and a 12 month high of $162.20.
HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 7th. The software maker reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.37). HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. The company had revenue of $131.83 million for the quarter, compared to analyst estimates of $126.65 million. During the same quarter in the prior year, the company posted $0.03 EPS. HubSpot’s revenue for the quarter was up 34.9% on a year-over-year basis. As a group, research analysts predict that HubSpot will post -0.98 EPS for the current fiscal year.
In other news, Director Ronald S. Gill sold 4,140 shares of the firm’s stock in a transaction on Wednesday, October 10th. The shares were sold at an average price of $133.62, for a total transaction of $553,186.80. Following the sale, the director now owns 18,214 shares in the company, valued at approximately $2,433,754.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Brian Halligan sold 15,277 shares of the firm’s stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $123.18, for a total transaction of $1,881,820.86. Following the sale, the chief executive officer now owns 680,046 shares in the company, valued at approximately $83,768,066.28. The disclosure for this sale can be found here. Insiders sold a total of 71,713 shares of company stock worth $9,088,555 over the last quarter. Corporate insiders own 9.60% of the company’s stock.
Several institutional investors have recently bought and sold shares of HUBS. Capital Research Global Investors raised its position in shares of HubSpot by 164.5% during the 3rd quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock valued at $286,814,000 after buying an additional 1,181,611 shares in the last quarter. Whale Rock Capital Management LLC purchased a new stake in shares of HubSpot during the 2nd quarter valued at $64,123,000. TIAA CREF Investment Management LLC raised its position in shares of HubSpot by 358.0% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 362,839 shares of the software maker’s stock valued at $54,771,000 after buying an additional 283,609 shares in the last quarter. Voya Investment Management LLC raised its position in HubSpot by 1,365.6% in the 2nd quarter. Voya Investment Management LLC now owns 221,971 shares of the software maker’s stock worth $27,836,000 after purchasing an additional 206,826 shares during the period. Finally, Scge Management L.P. raised its position in HubSpot by 25.2% in the 2nd quarter. Scge Management L.P. now owns 795,650 shares of the software maker’s stock worth $99,775,000 after purchasing an additional 160,200 shares during the period. Hedge funds and other institutional investors own 93.62% of the company’s stock.
About HubSpot
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.
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