HubSpot (NYSE:HUBS) had its price target raised by Raymond James from $181.00 to $200.00 in a report published on Wednesday, BenzingaRatingsTable reports. The firm currently has an outperform rating on the software maker’s stock.
A number of other equities research analysts have also recently commented on HUBS. Zacks Investment Research cut shares of HubSpot from a buy rating to a hold rating in a research note on Thursday, January 10th. Stephens started coverage on shares of HubSpot in a research note on Thursday, January 17th. They set an overweight rating and a $191.00 price objective on the stock. Bank of America reaffirmed a buy rating and set a $185.00 price objective (up previously from $180.00) on shares of HubSpot in a research note on Wednesday, January 23rd. UBS Group cut shares of HubSpot from an outperform rating to a market perform rating in a research note on Thursday, January 24th. Finally, Oppenheimer reaffirmed a market perform rating on shares of HubSpot in a research note on Thursday, January 24th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. HubSpot currently has a consensus rating of Buy and an average price target of $187.53.
NYSE:HUBS traded down $0.24 during midday trading on Wednesday, hitting $181.68. The company’s stock had a trading volume of 447,552 shares, 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 company has a current ratio of 4.03, a quick ratio of 3.01 and a debt-to-equity ratio of 0.83. The company has a market cap of $7.65 billion, a PE ratio of -178.12 and a beta of 1.91.
HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.10. The business had revenue of $151.80 million for the quarter, compared to analysts’ expectations of $147.47 million. HubSpot had a negative net margin of 10.81% and a negative return on equity of 10.68%. The business’s revenue was up 32.5% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS. Equities research analysts predict that HubSpot will post -0.94 earnings per share for the current fiscal year.
In related news, General Counsel John P. Kelleher sold 390 shares of HubSpot stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $181.00, for a total value of $70,590.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ronald S. Gill sold 4,133 shares of HubSpot stock in a transaction on Monday, February 11th. The shares were sold at an average price of $166.92, for a total transaction of $689,880.36. Following the completion of the sale, the director now directly owns 18,207 shares in the company, valued at approximately $3,039,112.44. The disclosure for this sale can be found here. Insiders sold a total of 87,896 shares of company stock worth $14,700,297 in the last three months. 9.60% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Ffcm LLC acquired a new stake in HubSpot in the 4th quarter valued at $25,000. Executive Wealth Management LLC purchased a new position in HubSpot in the 4th quarter valued at $26,000. Sageworth Trust Co purchased a new position in HubSpot in the 1st quarter valued at $38,000. CWM LLC purchased a new position in HubSpot in the 4th quarter valued at $40,000. Finally, First Hawaiian Bank purchased a new position in HubSpot in the 4th quarter valued at $43,000. 91.28% 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. 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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