HubSpot (NYSE:HUBS)‘s stock had its “market perform” rating reiterated by stock analysts at Oppenheimer in a research report issued on Thursday, January 24th, Marketbeat.com reports.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of HubSpot from a “hold” rating to a “buy” rating and set a $158.00 price target for the company in a research note on Tuesday, January 15th. Bank of America boosted their price objective on shares of HubSpot to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 17th. Rosenblatt Securities assumed coverage on shares of HubSpot in a research report on Thursday, October 4th. They issued a “buy” rating and a $170.00 price objective for the company. UBS Group assumed coverage on shares of HubSpot in a research report on Thursday, October 4th. They issued a “buy” rating for the company. Finally, Jefferies Financial Group assumed coverage on shares of HubSpot in a research report on Tuesday, October 2nd. They issued a “buy” rating and a $182.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $152.82.
Shares of HUBS stock traded up $1.41 during trading hours on Thursday, reaching $159.72. 877,455 shares of the stock were exchanged, compared to its average volume of 557,326. HubSpot has a 12-month low of $85.65 and a 12-month high of $162.20. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.37. The stock has a market cap of $6.27 billion, a PE ratio of -156.59 and a beta of 1.92.
HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 7th. The software maker reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.37). HubSpot had a negative return on equity of 19.13% and a negative net margin of 13.43%. The firm had revenue of $131.83 million for the quarter, compared to analysts’ expectations of $126.65 million. During the same period in the prior year, the firm posted $0.03 earnings per share. HubSpot’s revenue for the quarter was up 34.9% on a year-over-year basis. Sell-side analysts forecast that HubSpot will post -0.97 EPS for the current year.
In related news, insider Dharmesh Shah sold 27,000 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $125.50, for a total transaction of $3,388,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald S. Gill sold 4,140 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $132.54, for a total transaction of $548,715.60. Following the transaction, the director now owns 18,214 shares of the company’s stock, valued at approximately $2,414,083.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,376 shares of company stock valued at $9,180,482. Company insiders own 9.60% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of HUBS. CWM LLC bought a new position in shares of HubSpot during the 4th quarter worth approximately $40,000. First Hawaiian Bank acquired a new position in HubSpot during the 4th quarter valued at approximately $43,000. DekaBank Deutsche Girozentrale increased its stake in HubSpot by 85.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock valued at $119,000 after purchasing an additional 385 shares in the last quarter. Penserra Capital Management LLC acquired a new position in HubSpot during the 3rd quarter valued at approximately $160,000. Finally, Global X Management Co LLC acquired a new position in HubSpot during the 2nd quarter valued at approximately $172,000. Hedge funds and other institutional investors own 93.62% 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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