HubSpot (HUBS) Earns “Market Perform” Rating from CIBC

HubSpot (NYSE:HUBS)‘s stock had its “market perform” rating reiterated by research analysts at CIBC in a note issued to investors on Thursday.

HUBS has been the topic of a number of other research reports. Bank of America increased their price objective on shares of HubSpot to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Royal Bank of Canada increased their price objective on shares of HubSpot from $138.00 to $147.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 8th. Zacks Investment Research reissued a “hold” rating on shares of HubSpot in a research report on Tuesday, November 13th. Oppenheimer reissued a “market perform” rating on shares of HubSpot in a research report on Thursday. Finally, Morgan Stanley increased their price objective on shares of HubSpot from $141.00 to $146.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 8th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. HubSpot has a consensus rating of “Buy” and a consensus price target of $152.25.

NYSE HUBS traded down $2.13 on Thursday, reaching $149.92. The company had a trading volume of 719,674 shares, compared to its average volume of 574,677. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of -146.98 and a beta of 1.80. HubSpot has a fifty-two week low of $85.65 and a fifty-two week high of $162.20. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.37.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, November 7th. The software maker reported ($0.32) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.37). HubSpot had a negative return on equity of 19.13% and a negative net margin of 13.43%. The business had revenue of $131.83 million for the quarter, compared to analyst estimates of $126.65 million. During the same quarter in the previous year, the business posted $0.03 earnings per share. The business’s revenue was up 34.9% on a year-over-year basis. Research analysts expect that HubSpot will post -0.98 earnings per share for the current fiscal year.

In related news, CEO Brian Halligan sold 15,277 shares of the firm’s stock in a transaction dated Thursday, December 20th. The shares were sold at an average price of $123.18, for a total value of $1,881,820.86. Following the transaction, the chief executive officer now owns 680,046 shares of the company’s stock, valued at approximately $83,768,066.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Hunter Madeley sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $137.61, for a total transaction of $137,610.00. Following the completion of the transaction, the insider now directly owns 36,797 shares in the company, valued at approximately $5,063,635.17. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,884 shares of company stock worth $9,389,695. 9.60% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Raymond James & Associates lifted its position in shares of HubSpot by 4.0% during the 2nd quarter. Raymond James & Associates now owns 20,444 shares of the software maker’s stock worth $2,564,000 after buying an additional 782 shares in the last quarter. MetLife Investment Advisors LLC lifted its position in shares of HubSpot by 50.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 24,742 shares of the software maker’s stock worth $3,735,000 after buying an additional 8,264 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of HubSpot during the 3rd quarter worth approximately $452,000. Columbia Partners L.L.C. Investment Management lifted its position in shares of HubSpot by 43.9% during the 3rd quarter. Columbia Partners L.L.C. Investment Management now owns 42,292 shares of the software maker’s stock worth $6,383,000 after buying an additional 12,912 shares in the last quarter. Finally, Rothschild & Co. Asset Management US Inc. increased its stake in shares of HubSpot by 30.3% during the 3rd quarter. Rothschild & Co. Asset Management US Inc. now owns 19,820 shares of the software maker’s stock worth $2,992,000 after purchasing an additional 4,614 shares during the last quarter. 93.64% of the stock is currently owned by hedge funds and other institutional investors.

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.