Deutsche Bank began coverage on shares of HubSpot (NYSE:HUBS) in a research note published on Friday morning, The Fly reports. The brokerage issued a hold rating and a $150.00 target price on the software maker’s stock.
A number of other equities analysts have also weighed in on HUBS. Jefferies Financial Group initiated coverage on HubSpot in a research note on Tuesday, October 2nd. They issued a buy rating and a $182.00 price objective for the company. UBS Group initiated coverage on HubSpot in a research note on Thursday, October 4th. They issued a buy rating for the company. Rosenblatt Securities initiated coverage on HubSpot in a research note on Thursday, October 4th. They issued a buy rating and a $170.00 price objective for the company. Bank of America upped their price objective on HubSpot to $160.00 and gave the stock a buy rating in a research note on Wednesday, October 17th. Finally, Morgan Stanley dropped their price objective on HubSpot from $148.00 to $141.00 and set an equal weight rating for the company in a research note on Tuesday, October 23rd. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. HubSpot currently has an average rating of Buy and an average price target of $152.12.
Shares of NYSE HUBS traded up $1.62 during mid-day trading on Friday, reaching $151.54. The company’s stock had a trading volume of 524,773 shares, compared to its average volume of 506,044. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of -148.57 and a beta of 1.80. 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 has a 52 week low of $85.65 and a 52 week high of $162.20.
HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 7th. The software maker reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.37). The business had revenue of $131.83 million during the quarter, compared to the consensus estimate of $126.65 million. HubSpot had a negative return on equity of 19.13% and a negative net margin of 13.43%. The business’s revenue was up 34.9% on a year-over-year basis. During the same period last year, the company earned $0.03 EPS. Research analysts expect that HubSpot will post -0.98 EPS for the current fiscal year.
In related news, insider Hunter Madeley sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 1st. The stock was 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 of the company’s stock, valued at $5,063,635.17. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel John P. Kelleher sold 508 shares of the stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $140.95, for a total value of $71,602.60. Following the transaction, the general counsel now directly owns 37,460 shares of the company’s stock, valued at $5,279,987. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,884 shares of company stock valued at $9,389,695. 9.60% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. CWM LLC purchased a new stake in HubSpot during the fourth quarter valued at approximately $40,000. First Hawaiian Bank purchased a new stake in HubSpot during the fourth quarter valued at approximately $43,000. DekaBank Deutsche Girozentrale raised its position in HubSpot by 85.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock valued at $119,000 after purchasing an additional 385 shares during the period. Penserra Capital Management LLC purchased a new stake in HubSpot during the third quarter valued at approximately $160,000. Finally, Global X Management Co LLC purchased a new stake in HubSpot during the second quarter valued at approximately $172,000. 93.64% of the stock is owned by 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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