Shares of HUBS stock traded up $5.22 during trading hours on Tuesday, reaching $179.26. 353,900 shares of the company were exchanged, compared to its average volume of 569,386. HubSpot has a fifty-two week low of $106.95 and a fifty-two week high of $186.96. The firm has a market capitalization of $7.33 billion, a price-to-earnings ratio of -175.75 and a beta of 1.91. The company has a current ratio of 4.03, a quick ratio of 3.01 and a debt-to-equity ratio of 0.83.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Tuesday, May 7th. The software maker reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.10. The business had revenue of $151.80 million during the quarter, compared to the consensus estimate of $147.47 million. HubSpot had a negative net margin of 10.81% and a negative return on equity of 10.68%. HubSpot’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 earnings per share. On average, equities research analysts forecast that HubSpot will post -0.94 earnings per share for the current fiscal year.
A number of research firms recently weighed in on HUBS. SunTrust Banks boosted their price target on shares of HubSpot to $205.00 and gave the stock a buy rating in a research note on Wednesday, May 8th. JPMorgan Chase & Co. boosted their price target on shares of HubSpot from $180.00 to $190.00 and gave the stock an overweight rating in a research note on Wednesday, May 8th. Stephens set a $198.00 price target on shares of HubSpot and gave the stock a buy rating in a research note on Wednesday, May 8th. Stifel Nicolaus upped their target price on shares of HubSpot from $185.00 to $195.00 and gave the company a buy rating in a research note on Wednesday, May 8th. Finally, Raymond James upped their target price on shares of HubSpot from $181.00 to $200.00 and gave the company an outperform rating in a research note on Wednesday, May 8th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $187.53.
In other news, General Counsel John P. Kelleher sold 390 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $181.00, for a total value of $70,590.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel John P. Kelleher sold 766 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $166.75, for a total transaction of $127,730.50. Following the completion of the transaction, the general counsel now owns 43,909 shares of the company’s stock, valued at approximately $7,321,825.75. The disclosure for this sale can be found here. Insiders sold 83,763 shares of company stock valued at $14,010,416 in the last quarter. Corporate insiders own 9.60% of the company’s stock.
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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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