Guggenheim reaffirmed their buy rating on shares of HubSpot (NYSE:HUBS) in a research note released on Wednesday morning, Marketbeat Ratings reports.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of HubSpot from a hold rating to a buy rating and set a $170.00 target price on the stock in a research note on Monday, January 28th. Bank of America reaffirmed a buy rating and set a $185.00 target price (up previously from $180.00) on shares of HubSpot in a research note on Wednesday, January 23rd. Needham & Company LLC reaffirmed a buy rating and set a $198.00 target price (up previously from $145.00) on shares of HubSpot in a research note on Wednesday, February 13th. Canaccord Genuity lifted their target price on shares of HubSpot from $160.00 to $190.00 and gave the company a buy rating in a research note on Wednesday, February 13th. Finally, Jefferies Financial Group lifted their target price on shares of HubSpot to $200.00 and gave the company a buy rating in a research note on Wednesday, February 13th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. HubSpot presently has a consensus rating of Buy and a consensus price target of $175.31.
Shares of HUBS opened at $165.63 on Wednesday. The stock has a market cap of $6.98 billion, a PE ratio of -162.38 and a beta of 1.91. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.01 and a current ratio of 3.01. HubSpot has a 1-year low of $101.45 and a 1-year high of $180.00.
HubSpot (NYSE:HUBS) last announced its earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 12.44% and a negative return on equity of 17.08%. The company’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 EPS. Research analysts expect that HubSpot will post -1.09 EPS for the current year.
In related news, insider Dharmesh Shah sold 28,000 shares of the business’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $166.53, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel John P. Kelleher sold 972 shares of the business’s stock in a transaction dated Thursday, January 3rd. The stock was sold at an average price of $122.60, for a total transaction of $119,167.20. Following the sale, the general counsel now directly owns 39,659 shares in the company, valued at approximately $4,862,193.40. The disclosure for this sale can be found here. Insiders have sold 66,366 shares of company stock worth $10,913,052 in the last three months. 9.60% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of HUBS. Capital Research Global Investors raised 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 buying an additional 1,181,611 shares during the last quarter. Norges Bank purchased a new position in HubSpot in the fourth quarter worth about $52,232,000. 1832 Asset Management L.P. raised 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 buying an additional 372,700 shares during the last quarter. TIAA CREF Investment Management LLC raised 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 buying an additional 283,609 shares during the last quarter. Finally, North Peak Capital Management LLC purchased a new position in HubSpot in the fourth quarter worth about $15,397,000. 95.68% of the stock is currently owned by institutional investors and hedge funds.
HubSpot Company Profile
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company’s software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.
Read More: Why are percentage decliners important?
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.