HubSpot (NYSE:HUBS) had its price target raised by equities researchers at Deutsche Bank from $150.00 to $168.00 in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the software maker’s stock. Deutsche Bank’s price objective suggests a potential upside of 0.70% from the stock’s previous close.
HUBS has been the topic of several other reports. Bank of America boosted their target price on HubSpot to $160.00 and gave the company a “buy” rating in a research note on Wednesday, October 17th. Royal Bank of Canada boosted 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. Zacks Investment Research reissued a “hold” rating on shares of HubSpot in a research note on Tuesday, November 13th. Oppenheimer reissued a “market perform” rating on shares of HubSpot in a research note on Thursday, January 24th. Finally, Morgan Stanley boosted their target price on HubSpot from $141.00 to $146.00 and gave the company an “equal weight” rating in a research note on Thursday, November 8th. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. HubSpot has a consensus rating of “Buy” and a consensus price target of $170.29.
HubSpot stock traded up $0.66 during trading hours on Wednesday, reaching $166.83. The company had a trading volume of 166,686 shares, compared to its average volume of 671,222. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.01 and a quick ratio of 3.15. HubSpot has a 12-month low of $101.05 and a 12-month high of $180.00. The stock has a market capitalization of $6.58 billion, a P/E ratio of -163.55 and a beta of 1.92.
HubSpot (NYSE:HUBS) last posted its earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The firm had revenue of $144.02 million for the quarter, compared to analysts’ expectations of $137.48 million. During the same period in the previous year, the firm earned $0.12 earnings per share. The business’s revenue was up 35.2% compared to the same quarter last year. Sell-side analysts expect that HubSpot will post -0.99 earnings per share for the current fiscal year.
In other HubSpot news, General Counsel John P. Kelleher sold 389 shares of the business’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $160.54, for a total value of $62,450.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ronald S. Gill sold 4,140 shares of the business’s stock in a transaction on Monday, December 10th. The stock was sold at an average price of $128.15, for a total value of $530,541.00. Following the completion of the sale, the director now directly owns 18,214 shares in the company, valued at $2,334,124.10. The disclosure for this sale can be found here. Insiders have sold 46,763 shares of company stock worth $6,156,940 over the last 90 days. 9.60% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in HUBS. Capital Research Global Investors boosted its holdings in HubSpot by 164.5% in the third quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock worth $286,814,000 after acquiring an additional 1,181,611 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in HubSpot by 2,435.9% in the fourth quarter. 1832 Asset Management L.P. now owns 388,000 shares of the software maker’s stock worth $47,549,000 after acquiring an additional 372,700 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in HubSpot by 358.0% in the third quarter. TIAA CREF Investment Management LLC now owns 362,839 shares of the software maker’s stock worth $54,771,000 after acquiring an additional 283,609 shares in the last quarter. North Peak Capital Management LLC bought a new stake in HubSpot in the fourth quarter worth $15,397,000. Finally, Polar Capital LLP boosted its holdings in HubSpot by 51.4% in the fourth quarter. Polar Capital LLP now owns 309,191 shares of the software maker’s stock worth $38,875,000 after acquiring an additional 104,956 shares in the last quarter. 93.19% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Story: Why Net Income is Important to Investors
Receive News & Ratings for HubSpot Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for HubSpot and related companies with MarketBeat.com’s FREE daily email newsletter.