Several other equities analysts have also recently weighed in on the stock. Stephens initiated coverage on shares of HubSpot in a research note on Thursday, January 17th. They issued an overweight rating and a $191.00 price objective on the stock. Morgan Stanley lowered their price objective on shares of HubSpot from $148.00 to $141.00 and set an equal weight rating on the stock in a research note on Tuesday, October 23rd. Bank of America increased their price objective on shares of HubSpot to $160.00 and gave the stock a buy rating in a research note on Wednesday, October 17th. CIBC reiterated a market perform rating on shares of HubSpot in a research note on Thursday, January 24th. Finally, UBS Group cut shares of HubSpot from an outperform rating to a market perform rating in a research note on Thursday, January 24th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. HubSpot presently has an average rating of Buy and an average price target of $170.29.
Shares of NYSE HUBS traded down $0.08 during trading on Wednesday, reaching $166.09. 838,913 shares of the company traded hands, compared to its average volume of 716,332. The company has a quick ratio of 3.15, a current ratio of 3.01 and a debt-to-equity ratio of 1.30. The company has a market cap of $6.58 billion, a PE ratio of -162.83 and a beta of 1.92. HubSpot has a 52-week low of $101.45 and a 52-week high of $180.00.
HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) 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 the consensus estimate of $137.48 million. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.12 EPS. As a group, equities research analysts anticipate that HubSpot will post -0.99 EPS for the current fiscal year.
In other HubSpot news, insider Hunter Madeley sold 1,005 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $160.54, for a total transaction of $161,342.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald S. Gill sold 4,133 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $166.92, for a total transaction of $689,880.36. Following the sale, the director now owns 18,207 shares in the company, valued at approximately $3,039,112.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,763 shares of company stock worth $6,156,940. 9.60% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ffcm LLC bought a new stake in HubSpot during the 4th quarter worth approximately $25,000. CWM LLC bought a new stake in HubSpot during the 4th quarter worth approximately $40,000. First Hawaiian Bank bought a new stake in HubSpot during the 4th quarter worth approximately $43,000. Mckinley Capital Management LLC Delaware bought a new stake in HubSpot during the 4th quarter worth approximately $51,000. Finally, DekaBank Deutsche Girozentrale raised its stake in HubSpot by 85.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock worth $119,000 after acquiring an additional 385 shares during the period. Institutional investors own 93.19% 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. 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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