HubSpot (HUBS) PT Raised to $195.00

HubSpot (NYSE:HUBS) had its target price raised by analysts at Stifel Nicolaus from $185.00 to $195.00 in a research report issued on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ price target points to a potential upside of 10.20% from the company’s previous close.

A number of other brokerages also recently commented on HUBS. Zacks Investment Research raised HubSpot from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a report on Monday, January 28th. Bank of America reissued a “buy” rating and issued a $185.00 price target (up previously from $180.00) on shares of HubSpot in a report on Wednesday, January 23rd. Needham & Company LLC reissued a “buy” rating and issued a $198.00 price target (up previously from $145.00) on shares of HubSpot in a report on Wednesday, February 13th. Canaccord Genuity increased their price target on HubSpot from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. Finally, Jefferies Financial Group increased their price target on HubSpot to $200.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $182.41.

Shares of NYSE HUBS traded down $4.96 on Wednesday, hitting $176.96. The company had a trading volume of 349,744 shares, compared to its average volume of 569,816. HubSpot has a 12-month low of $106.95 and a 12-month high of $186.96. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.01 and a quick ratio of 3.01. The company has a market capitalization of $7.75 billion, a price-to-earnings ratio of -173.49 and a beta of 1.91.

HubSpot (NYSE:HUBS) last issued its earnings results on Tuesday, May 7th. The software maker reported ($0.14) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.10. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The company had revenue of $151.80 million during the quarter, compared to the consensus estimate of $147.47 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The company’s revenue was up 32.5% compared to the same quarter last year. Research analysts expect that HubSpot will post -1.1 EPS for the current fiscal year.

In other news, General Counsel John P. Kelleher sold 390 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $172.75, for a total transaction of $67,372.50. Following the sale, the general counsel now directly owns 44,735 shares in the company, valued at approximately $7,727,971.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald S. Gill sold 4,133 shares of the stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $166.92, for a total value of $689,880.36. Following the sale, the director now owns 18,207 shares in the company, valued at $3,039,112.44. The disclosure for this sale can be found here. Insiders have sold 87,896 shares of company stock worth $14,700,297 in the last 90 days. 9.60% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Redwood Investments LLC increased its position in HubSpot by 18.5% in the 1st quarter. Redwood Investments LLC now owns 105,891 shares of the software maker’s stock valued at $17,600,000 after acquiring an additional 16,495 shares during the period. Spark Investment Management LLC increased its position in HubSpot by 115.6% in the 1st quarter. Spark Investment Management LLC now owns 161,700 shares of the software maker’s stock valued at $26,876,000 after acquiring an additional 86,700 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in HubSpot by 22.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,963 shares of the software maker’s stock valued at $991,000 after acquiring an additional 1,100 shares during the period. CIBC Asset Management Inc acquired a new stake in HubSpot in the 1st quarter valued at approximately $240,000. Finally, California Public Employees Retirement System increased its position in HubSpot by 6.9% in the 1st quarter. California Public Employees Retirement System now owns 93,834 shares of the software maker’s stock valued at $15,596,000 after acquiring an additional 6,058 shares during the period. Institutional investors and hedge funds own 91.28% 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. 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.