Several other equities analysts have also weighed in on the stock. Stephens started coverage on shares of HubSpot in a report on Thursday, January 17th. They set an overweight rating and a $191.00 price objective on the stock. UBS Group lowered shares of HubSpot from an outperform rating to a market perform rating in a report on Thursday, January 24th. CIBC reiterated a market perform rating on shares of HubSpot in a report on Thursday, January 24th. Guggenheim reiterated a buy rating on shares of HubSpot in a report on Wednesday, March 20th. Finally, Oppenheimer reiterated a market perform rating on shares of HubSpot in a report on Thursday, January 24th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $187.53.
Shares of NYSE HUBS traded down $0.24 during trading on Wednesday, hitting $181.68. 447,552 shares of the company traded hands, compared to its average volume of 467,382. HubSpot has a fifty-two week low of $106.95 and a fifty-two week high of $186.96. The firm has a market capitalization of $7.65 billion, a P/E ratio of -178.12 and a beta of 1.91. The company has a current ratio of 4.03, a quick ratio of 3.01 and a debt-to-equity ratio of 0.83.
HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.10. HubSpot had a negative net margin of 10.81% and a negative return on equity of 10.68%. The firm had revenue of $151.80 million for the quarter, compared to analyst estimates of $147.47 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The business’s quarterly revenue was up 32.5% compared to the same quarter last year. Equities research analysts forecast that HubSpot will post -0.94 EPS for the current year.
In other news, insider Hunter Madeley sold 1,005 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $181.00, for a total transaction of $181,905.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald S. Gill sold 4,133 shares of the business’s stock in a transaction dated 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 directly owns 18,207 shares of the company’s stock, valued at $3,039,112.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,896 shares of company stock valued at $14,700,297. 9.60% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the business. Ffcm LLC bought a new stake in HubSpot in the 4th quarter worth about $25,000. Executive Wealth Management LLC bought a new stake in HubSpot in the 4th quarter worth about $26,000. Sageworth Trust Co bought a new stake in HubSpot in the 1st quarter worth about $38,000. CWM LLC bought a new stake in HubSpot in the 4th quarter worth about $40,000. Finally, First Hawaiian Bank bought a new stake in HubSpot in the 4th quarter worth about $43,000. 91.28% of the stock is owned by institutional investors and hedge funds.
About HubSpot
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.
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