HubSpot (HUBS) PT Raised to $200.00

HubSpot (NYSE:HUBS) had its price target upped by Piper Jaffray Companies from $185.00 to $200.00 in a research note published on Tuesday, April 30th, The Fly reports. They currently have an overweight rating on the software maker’s stock.

Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of HubSpot from a buy rating to a hold rating in a report on Tuesday, January 29th. Deutsche Bank began coverage on shares of HubSpot in a report on Friday, January 25th. They issued a hold rating and a $150.00 price target on the stock. Bank of America reaffirmed 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. CIBC reissued a market perform rating on shares of HubSpot in a research note on Thursday, January 24th. Finally, Needham & Company LLC reissued a buy rating and set a $198.00 price objective (up previously from $145.00) on shares of HubSpot in a research note on Wednesday, February 13th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $178.29.

NYSE HUBS traded down $4.18 during trading on Tuesday, reaching $181.92. The company’s stock had a trading volume of 656,070 shares, compared to its average volume of 569,817. HubSpot has a twelve month low of $106.95 and a twelve month high of $186.96. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.01 and a current ratio of 3.01. The firm has a market cap of $7.75 billion, a PE ratio of -178.35 and a beta of 1.91.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.54. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The business had revenue of $144.02 million for the quarter, compared to analyst estimates of $137.48 million. During the same period in the previous year, the business posted $0.12 earnings per share. The business’s revenue was up 35.2% compared to the same quarter last year. Research analysts predict that HubSpot will post -1.1 earnings per share for the current year.

In other news, insider Dharmesh Shah sold 28,000 shares of the stock in a transaction on Friday, February 15th. The shares were sold at an average price of $166.53, for a total value of $4,662,840.00. Following the completion of the sale, the insider now owns 1,545,145 shares of the company’s stock, valued at $257,312,996.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Halligan sold 25,000 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $168.73, for a total transaction of $4,218,250.00. Following the completion of the sale, the chief executive officer now directly owns 777,390 shares of the company’s stock, valued at approximately $131,169,014.70. The disclosure for this sale can be found here. Insiders sold 87,896 shares of company stock valued at $14,700,297 in the last three months. Company insiders own 9.60% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ffcm LLC bought a new position in HubSpot during the 4th quarter valued at $25,000. Executive Wealth Management LLC bought a new position in shares of HubSpot in the 4th quarter worth about $26,000. Sageworth Trust Co bought a new position in shares of HubSpot in the 1st quarter worth about $38,000. CWM LLC bought a new position in shares of HubSpot in the 4th quarter worth about $40,000. Finally, First Hawaiian Bank bought a new position in shares of HubSpot in the 4th quarter worth about $43,000. 91.28% of the stock is owned by institutional investors and hedge funds.

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.