Bank of America Reiterates Buy Rating for HubSpot (HUBS)

HubSpot (NYSE:HUBS)‘s stock had its “buy” rating restated by equities research analysts at Bank of America in a note issued to investors on Wednesday, January 23rd, Marketbeat Ratings reports. They currently have a $185.00 price target on the software maker’s stock, up from their previous price target of $180.00. Bank of America‘s price target would indicate a potential upside of 11.82% from the stock’s previous close.

Several other brokerages have also recently commented on HUBS. Royal Bank of Canada increased their target price on shares of HubSpot from $138.00 to $147.00 and gave the stock a “sector perform” rating in a report on Thursday, November 8th. Zacks Investment Research restated a “hold” rating on shares of HubSpot in a report on Tuesday, November 13th. Morgan Stanley increased 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. Jefferies Financial Group initiated coverage on shares of HubSpot in a report on Tuesday, October 2nd. They set a “buy” rating and a $182.00 target price for the company. Finally, Raymond James increased 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. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $153.35.

NYSE:HUBS traded up $5.05 during trading hours on Wednesday, hitting $165.44. The stock had a trading volume of 496,412 shares, compared to its average volume of 609,456. HubSpot has a one year low of $85.65 and a one year high of $166.07. The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.15 and a current ratio of 3.15. The company has a market capitalization of $6.49 billion, a PE ratio of -162.20 and a beta of 1.92.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, November 7th. The software maker reported ($0.32) EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $131.83 million during the quarter, compared to the consensus estimate of $126.65 million. During the same period in the previous year, the company posted $0.03 EPS. The firm’s revenue for the quarter was up 34.9% on a year-over-year basis. On average, sell-side analysts forecast that HubSpot will post -0.97 earnings per share for the current year.

In other HubSpot news, insider Hunter Madeley sold 1,005 shares of the stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $160.54, for a total transaction of $161,342.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel John P. Kelleher sold 389 shares of the stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $160.54, for a total transaction of $62,450.06. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,770 shares of company stock worth $9,404,275. 9.60% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of HubSpot by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,171,764 shares of the software maker’s stock valued at $478,778,000 after purchasing an additional 95,762 shares in the last quarter. Vanguard Group Inc boosted its position in HubSpot by 3.1% during the 3rd quarter. Vanguard Group Inc now owns 3,171,764 shares of the software maker’s stock worth $478,778,000 after buying an additional 95,762 shares during the period. Capital Research Global Investors boosted its position in HubSpot by 164.5% during the 3rd quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock worth $286,814,000 after buying an additional 1,181,611 shares during the period. Jennison Associates LLC boosted its position in HubSpot by 2.2% during the 4th quarter. Jennison Associates LLC now owns 963,745 shares of the software maker’s stock worth $121,172,000 after buying an additional 20,323 shares during the period. Finally, Scge Management L.P. boosted its position in HubSpot by 10.4% during the 3rd quarter. Scge Management L.P. now owns 878,650 shares of the software maker’s stock worth $132,632,000 after buying an additional 83,000 shares during the period. Institutional investors own 93.77% of the company’s stock.

HubSpot Company Profile

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.