Oppenheimer reaffirmed their market perform rating on shares of HubSpot (NYSE:HUBS) in a research note published on Thursday, MarketBeat.com reports.
Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of HubSpot from a hold rating to a buy rating and set a $158.00 price objective on the stock in a report on Tuesday, January 15th. Bank of America reaffirmed a buy rating and issued a $185.00 price objective (up from $180.00) on shares of HubSpot in a report on Wednesday. Morgan Stanley upped their price objective on shares of HubSpot from $141.00 to $146.00 and gave the company an equal weight rating in a report on Thursday, November 8th. UBS Group downgraded shares of HubSpot from an outperform rating to a market perform rating in a report on Thursday. Finally, Raymond James upped their price objective on shares of HubSpot from $150.00 to $155.00 and gave the company an outperform rating in a report on Thursday, November 8th. Nine 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’s stock. The stock has a consensus rating of Buy and an average target price of $152.12.
HubSpot stock traded up $1.62 during mid-day trading on Thursday, reaching $151.54. 524,773 shares of the company traded hands, compared to its average volume of 506,044. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.37. HubSpot has a fifty-two week low of $85.65 and a fifty-two week high of $162.20. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of -148.57 and a beta of 1.80.
HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, November 7th. The software maker reported ($0.32) earnings per share (EPS) for the quarter, missing the Zacks’ 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 company 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 company posted $0.03 EPS. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. On average, sell-side analysts predict that HubSpot will post -0.98 EPS for the current fiscal year.
In related news, CEO Brian Halligan sold 15,277 shares of the stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $123.18, for a total transaction of $1,881,820.86. Following the sale, the chief executive officer now directly owns 680,046 shares of the company’s stock, valued at $83,768,066.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Hunter Madeley sold 1,199 shares of the stock in a transaction on Monday, January 14th. The stock was sold at an average price of $137.13, for a total transaction of $164,418.87. Following the sale, the insider now directly owns 35,526 shares in the company, valued at $4,871,680.38. The disclosure for this sale can be found here. Insiders have sold 73,884 shares of company stock worth $9,389,695 over the last three months. 9.60% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James & Associates boosted its holdings in HubSpot by 4.0% during the second 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 raised its position in HubSpot by 50.2% during the third quarter. MetLife Investment Advisors LLC now owns 24,742 shares of the software maker’s stock worth $3,735,000 after acquiring an additional 8,264 shares during the period. FNY Investment Advisers LLC acquired a new position in HubSpot during the third quarter worth $452,000. Columbia Partners L.L.C. Investment Management raised its position in HubSpot by 43.9% during the third quarter. Columbia Partners L.L.C. Investment Management now owns 42,292 shares of the software maker’s stock worth $6,383,000 after acquiring an additional 12,912 shares during the period. Finally, Rothschild & Co. Asset Management US Inc. raised its position in HubSpot by 30.3% during the third quarter. Rothschild & Co. Asset Management US Inc. now owns 19,820 shares of the software maker’s stock worth $2,992,000 after acquiring an additional 4,614 shares during the period. 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.
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