Bank of America reaffirmed their buy rating on shares of HubSpot (NYSE:HUBS) in a research note released on Wednesday morning, MarketBeat reports. They currently have a $185.00 target price on the software maker’s stock, up from their prior target price of $180.00.
Several other equities analysts have also recently issued reports on HUBS. Zacks Investment Research raised HubSpot from a hold rating to a buy rating and set a $158.00 price objective on the stock in a research report on Tuesday, January 15th. Morgan Stanley boosted their target price on shares of HubSpot from $141.00 to $146.00 and gave the company an equal weight rating in a research note on Thursday, November 8th. Oppenheimer boosted their target price on shares of HubSpot from $150.00 to $160.00 and gave the company an outperform rating in a research note on Thursday, November 8th. Raymond James boosted their target price on shares of HubSpot from $150.00 to $155.00 and gave the company an outperform rating in a research note on Thursday, November 8th. Finally, Rosenblatt Securities began coverage on shares of HubSpot in a research note on Thursday, October 4th. They set a buy rating and a $170.00 target price for the company. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $152.12.
Shares of HUBS opened at $151.54 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.15 and a quick ratio of 3.15. HubSpot has a 52 week low of $85.65 and a 52 week high of $162.20.
HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 7th. The software maker reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.37). The business had revenue of $131.83 million during the quarter, compared to the consensus estimate of $126.65 million. HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. The business’s revenue was up 34.9% compared to the same quarter last year. During the same period last year, the company posted $0.03 earnings per share. As a group, sell-side analysts anticipate that HubSpot will post -0.98 earnings per share for the current fiscal year.
In other news, insider Dharmesh Shah sold 27,000 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $125.50, for a total value of $3,388,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel John P. Kelleher sold 508 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $140.95, for a total value of $71,602.60. Following the completion of the sale, the general counsel now owns 37,460 shares of the company’s stock, valued at $5,279,987. The disclosure for this sale can be found here. Insiders sold a total of 73,884 shares of company stock valued at $9,389,695 over the last 90 days. 9.60% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. CWM LLC purchased a new stake in HubSpot in the 4th quarter worth $40,000. First Hawaiian Bank purchased a new stake in HubSpot in the 4th quarter worth $43,000. DekaBank Deutsche Girozentrale increased its stake in HubSpot by 85.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock worth $119,000 after buying an additional 385 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in HubSpot in the 3rd quarter worth $160,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in HubSpot in the 3rd quarter worth $182,000. Institutional investors and hedge funds own 93.64% 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. 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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