Several other equities analysts have also commented on HUBS. Bank of America raised their price target on HubSpot to $160.00 and gave the company a “buy” rating in a research note on Wednesday, October 17th. Morgan Stanley cut their target price on HubSpot from $148.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 23rd. Royal Bank of Canada lifted their target price on HubSpot from $138.00 to $147.00 and gave the company a “sector perform” rating in a research note on Thursday, November 8th. Oppenheimer lifted their target price on HubSpot from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, November 8th. Finally, Raymond James raised their price target on HubSpot from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, November 8th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. HubSpot currently has an average rating of “Buy” and an average target price of $170.29.
HUBS stock traded up $0.95 during midday trading on Wednesday, reaching $162.19. The company’s stock had a trading volume of 418,631 shares, compared to its average volume of 768,465. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 1.30. HubSpot has a 1 year low of $101.45 and a 1 year high of $180.00.
HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, beating the consensus estimate of ($0.17) by $0.54. The firm had revenue of $144.02 million for the quarter, compared to analyst estimates of $137.48 million. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The business’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 earnings per share. Analysts forecast that HubSpot will post -1.09 EPS for the current year.
In related news, General Counsel John P. Kelleher sold 390 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $172.75, for a total transaction of $67,372.50. Following the completion of the sale, the general counsel now directly owns 44,735 shares in the company, valued at $7,727,971.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dharmesh Shah sold 28,000 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $166.53, for a total value of $4,662,840.00. Following the sale, the insider now owns 1,545,145 shares of the company’s stock, valued at $257,312,996.85. The disclosure for this sale can be found here. Insiders sold 75,783 shares of company stock valued at $11,013,363 over the last 90 days. Company insiders own 9.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ffcm LLC acquired a new position in HubSpot during the fourth quarter worth $25,000. Executive Wealth Management LLC acquired a new position in HubSpot during the fourth quarter worth $26,000. CWM LLC acquired a new position in HubSpot during the fourth quarter worth $40,000. First Hawaiian Bank acquired a new position in HubSpot during the fourth quarter worth $43,000. Finally, Mckinley Capital Management LLC Delaware acquired a new position in HubSpot during the fourth quarter worth $51,000. 95.01% of the stock is currently owned by institutional investors.
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.
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