Several other research firms have also commented on HUBS. Zacks Investment Research lowered shares of HubSpot from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. Bank of America reissued a “buy” rating and set a $185.00 target price (up from $180.00) on shares of HubSpot in a research note on Wednesday, January 23rd. CIBC reissued a “market perform” rating on shares of HubSpot in a research note on Thursday, January 24th. Needham & Company LLC reissued a “buy” rating and set a $198.00 target price (up from $145.00) on shares of HubSpot in a research note on Wednesday, February 13th. Finally, Jefferies Financial Group boosted their target price on shares of HubSpot to $200.00 and gave the company a “buy” rating in a research note on Wednesday, February 13th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $187.53.
Shares of HUBS opened at $183.44 on Wednesday. The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of -179.84 and a beta of 1.91. HubSpot has a fifty-two week low of $108.39 and a fifty-two week high of $192.49. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 0.83.
HubSpot (NYSE:HUBS) last issued its earnings results on Tuesday, May 7th. The software maker reported ($0.14) EPS for the quarter, beating the Zacks’ 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 business had revenue of $151.80 million for the quarter, compared to the consensus estimate of $147.47 million. During the same quarter last year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 32.5% compared to the same quarter last year. Sell-side analysts forecast that HubSpot will post -0.86 earnings per share for the current fiscal year.
In other news, General Counsel John P. Kelleher sold 390 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $172.75, for a total value of $67,372.50. Following the completion of the sale, the general counsel now directly owns 44,735 shares in the company, valued at $7,727,971.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kathryn Bueker sold 836 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $166.51, for a total transaction of $139,202.36. Following the completion of the sale, the chief financial officer now owns 42,428 shares of the company’s stock, valued at $7,064,686.28. The disclosure for this sale can be found here. Insiders have sold 55,763 shares of company stock worth $9,347,576 in the last 90 days. 9.60% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. Ffcm LLC acquired a new position in HubSpot during the 4th quarter valued at $25,000. Executive Wealth Management LLC acquired a new position in HubSpot during the 4th quarter valued at $26,000. Sageworth Trust Co acquired a new position in HubSpot during the 1st quarter valued at $38,000. CWM LLC acquired a new position in HubSpot during the 4th quarter valued at $40,000. Finally, First Hawaiian Bank acquired a new position in HubSpot during the 4th quarter valued at $43,000. Institutional investors and hedge funds own 89.90% 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. 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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