Several other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Deutsche Bank assumed coverage on HubSpot in a research report on Friday, January 25th. They issued a “hold” rating and a $150.00 price objective for the company. CIBC reiterated a “market perform” rating on shares of HubSpot in a research report on Thursday, January 24th. Bank of America reiterated a “buy” rating and issued a $185.00 price objective (up previously from $180.00) on shares of HubSpot in a research report on Wednesday, January 23rd. Finally, Oppenheimer lifted their price objective on HubSpot from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, November 8th. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $170.29.
Shares of NYSE HUBS opened at $166.17 on Wednesday. The company has a current ratio of 3.01, a quick ratio of 3.15 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of -162.91 and a beta of 1.92. HubSpot has a 12 month low of $101.05 and a 12 month high of $180.00.
HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The company had revenue of $144.02 million for the quarter, compared to analyst estimates of $137.48 million. During the same quarter last year, the firm earned $0.12 EPS. HubSpot’s revenue for the quarter was up 35.2% compared to the same quarter last year. On average, research analysts forecast that HubSpot will post -0.99 earnings per share for the current fiscal year.
In related news, Director Ronald S. Gill sold 4,133 shares of the company’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $166.92, for a total value of $689,880.36. Following the completion of the sale, the director now owns 18,207 shares in the company, valued at $3,039,112.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Halligan sold 15,277 shares of the company’s stock in a transaction dated Thursday, December 20th. The shares were sold at an average price of $123.18, for a total value of $1,881,820.86. Following the completion of the sale, the chief executive officer now owns 680,046 shares of the company’s stock, valued at approximately $83,768,066.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,763 shares of company stock valued at $6,156,940. 9.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HUBS. Capital Research Global Investors increased its holdings in HubSpot by 164.5% in the third quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock valued at $286,814,000 after purchasing an additional 1,181,611 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in HubSpot by 2,435.9% in the fourth quarter. 1832 Asset Management L.P. now owns 388,000 shares of the software maker’s stock valued at $47,549,000 after purchasing an additional 372,700 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in HubSpot by 358.0% in the third quarter. TIAA CREF Investment Management LLC now owns 362,839 shares of the software maker’s stock valued at $54,771,000 after purchasing an additional 283,609 shares during the last quarter. North Peak Capital Management LLC bought a new stake in HubSpot in the fourth quarter valued at about $15,397,000. Finally, Polar Capital LLP increased its holdings in HubSpot by 51.4% in the fourth quarter. Polar Capital LLP now owns 309,191 shares of the software maker’s stock valued at $38,875,000 after purchasing an additional 104,956 shares during the last quarter. Institutional investors and hedge funds own 93.19% of the company’s stock.
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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