According to Zacks, “HubSpot provides inbound marketing and sales application over the cloud. The company also raised its fiscal 2018 guidance. We believe portfolio expansion and collaborations bode well. The company is benefitting from an expanding international footprint. Robust performance of Hubspot One and Hubspot CRM tools is a positive. HubSpot’s product portfolio is gaining from integration with Shopify & Facebook, which leverage AI. Adoption of Google cloud remains a positive. Moreover, integration of its various in house offerings is likely to improve subscription levels going ahead, consequently bolstering the top line. Notably, shares of the company outperformed the industry over the past one year. However, adverse foreign exchange rate volatility impact and mounting operating losses are headwinds.”
HUBS has been the topic of a number of other reports. Rosenblatt Securities began coverage on shares of HubSpot in a report on Thursday, October 4th. They issued a buy rating and a $170.00 target price on the stock. Oppenheimer upped their price target 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. Morgan Stanley upped their price target 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. Raymond James upped their price target 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, Jefferies Financial Group began coverage on shares of HubSpot in a research note on Tuesday, October 2nd. They issued a buy rating and a $182.00 price target on the stock. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $150.69.
Shares of HUBS stock traded up $5.54 on Tuesday, hitting $155.27. The stock had a trading volume of 961,534 shares, compared to its average volume of 462,466. HubSpot has a twelve month low of $85.65 and a twelve month high of $162.20. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of -152.23 and a beta of 1.80. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.37.
HubSpot (NYSE:HUBS) last announced its quarterly earnings results 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). HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. The firm had revenue of $131.83 million during the quarter, compared to analyst estimates of $126.65 million. During the same period last year, the firm earned $0.03 EPS. HubSpot’s quarterly revenue was up 34.9% on a year-over-year basis. Research analysts expect that HubSpot will post -0.98 earnings per share for the current year.
In related news, Director Ronald S. Gill sold 4,140 shares of the stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $132.54, for a total value of $548,715.60. Following the completion of the transaction, the director now owns 18,214 shares of the company’s stock, valued at approximately $2,414,083.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Brian Halligan sold 15,277 shares of the stock in a transaction that occurred on Thursday, December 20th. The shares were sold at an average price of $123.18, for a total transaction of $1,881,820.86. Following the completion of the transaction, the chief executive officer now directly owns 680,046 shares of the company’s stock, valued at approximately $83,768,066.28. The disclosure for this sale can be found here. Insiders have sold a total of 73,884 shares of company stock worth $9,389,695 in the last quarter. 9.60% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of HUBS. First Hawaiian Bank bought a new position in shares of HubSpot during the fourth quarter valued at $43,000. DekaBank Deutsche Girozentrale increased its position in shares of HubSpot by 85.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock worth $119,000 after buying an additional 385 shares during the period. American International Group Inc. increased its position in shares of HubSpot by 1.8% during the third quarter. American International Group Inc. now owns 24,054 shares of the software maker’s stock worth $3,631,000 after buying an additional 434 shares during the period. MetLife Investment Advisors LLC increased its position in shares of HubSpot by 4.6% during the second quarter. MetLife Investment Advisors LLC now owns 16,478 shares of the software maker’s stock worth $2,066,000 after buying an additional 719 shares during the period. Finally, Raymond James & Associates increased its position in shares of HubSpot by 4.0% during the second quarter. Raymond James & Associates now owns 20,444 shares of the software maker’s stock worth $2,564,000 after buying an additional 782 shares during the period. 93.63% of the stock is owned by institutional investors and hedge funds.
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.
Featured Story: Federal Reserve
Get a free copy of the Zacks research report on HubSpot (HUBS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for HubSpot Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for HubSpot and related companies with MarketBeat.com’s FREE daily email newsletter.