HubSpot (NYSE:HUBS) had its price target boosted by investment analysts at SunTrust Banks to $205.00 in a note issued to investors on Wednesday, The Fly reports. The brokerage presently has a “buy” rating on the software maker’s stock. SunTrust Banks’ target price points to a potential upside of 13.99% from the stock’s previous close.
Several other research firms have also commented on HUBS. Piper Jaffray Companies upped their price target on shares of HubSpot from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Royal Bank of Canada upped their price target on shares of HubSpot from $167.00 to $187.00 and gave the company a “sector perform” rating in a report on Monday. Morgan Stanley upped their price target on shares of HubSpot from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Wednesday. Deutsche Bank upped their price target on shares of HubSpot from $168.00 to $180.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Stephens set a $198.00 price target on shares of HubSpot and gave the company a “buy” rating in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. HubSpot presently has a consensus rating of “Buy” and an average target price of $187.53.
NYSE:HUBS traded down $2.08 during mid-day trading on Wednesday, hitting $179.84. The company’s stock had a trading volume of 990,844 shares, compared to its average volume of 569,816. HubSpot has a 1 year low of $106.95 and a 1 year high of $186.96. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.01 and a current ratio of 3.01. The firm has a market cap of $7.75 billion, a price-to-earnings ratio of -176.31 and a beta of 1.91.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Tuesday, May 7th. The software maker reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.10. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The company had revenue of $151.80 million for the quarter, compared to analyst estimates of $147.47 million. During the same period in the prior year, the company earned $0.15 earnings per share. The firm’s revenue was up 32.5% on a year-over-year basis. As a group, equities research analysts predict that HubSpot will post -1.1 earnings per share for the current fiscal year.
In other HubSpot news, General Counsel John P. Kelleher sold 766 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $166.75, for a total value of $127,730.50. Following the completion of the sale, the general counsel now owns 43,909 shares in the company, valued at approximately $7,321,825.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel John P. Kelleher sold 390 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $181.00, for a total transaction of $70,590.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,896 shares of company stock valued at $14,700,297. Insiders own 9.60% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. New York State Common Retirement Fund raised its holdings in HubSpot by 2.0% in the 1st quarter. New York State Common Retirement Fund now owns 140,500 shares of the software maker’s stock valued at $23,353,000 after acquiring an additional 2,793 shares during the last quarter. Redwood Investments LLC raised its holdings in HubSpot by 18.5% in the 1st quarter. Redwood Investments LLC now owns 105,891 shares of the software maker’s stock valued at $17,600,000 after acquiring an additional 16,495 shares during the last quarter. Spark Investment Management LLC raised its holdings in HubSpot by 115.6% in the 1st quarter. Spark Investment Management LLC now owns 161,700 shares of the software maker’s stock valued at $26,876,000 after acquiring an additional 86,700 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in HubSpot by 22.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,963 shares of the software maker’s stock valued at $991,000 after acquiring an additional 1,100 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in HubSpot in the 1st quarter valued at about $240,000. Institutional investors own 91.28% of the company’s stock.
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.
See Also: The Role of a Fiduciary and Individual 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.