HubSpot (NYSE:HUBS) had its target price upped by Morgan Stanley from $160.00 to $175.00 in a research note released on Wednesday, May 8th, Stock Target Advisor reports. Morgan Stanley currently has an equal weight rating on the software maker’s stock.
HUBS has been the subject of a number of other reports. Zacks Investment Research cut shares of HubSpot from a buy rating to a hold rating in a report on Wednesday, April 17th. Stifel Nicolaus lifted their price objective on shares of HubSpot from $160.00 to $185.00 and gave the company a buy rating in a report on Wednesday, February 13th. Oppenheimer reiterated a market perform rating on shares of HubSpot in a report on Thursday, January 24th. Jefferies Financial Group lifted their price objective on shares of HubSpot to $200.00 and gave the company a buy rating in a report on Wednesday, February 13th. Finally, Deutsche Bank began coverage on shares of HubSpot in a report on Friday, January 25th. They set a hold rating and a $150.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. HubSpot currently has a consensus rating of Buy and an average price target of $187.53.
Shares of HUBS stock traded down $2.99 during trading hours on Wednesday, hitting $187.58. 418,836 shares of the company’s stock traded hands, compared to its average volume of 489,652. HubSpot has a 12 month low of $108.39 and a 12 month high of $192.49. The company has a market capitalization of $7.90 billion, a P/E ratio of -183.90 and a beta of 1.91. The company has a debt-to-equity ratio of 0.83, a quick ratio of 4.03 and a current ratio of 4.03.
HubSpot (NYSE:HUBS) last announced its earnings results on Tuesday, May 7th. The software maker reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 earnings per share. As a group, sell-side analysts forecast that HubSpot will post -0.86 earnings per share for the current fiscal year.
In other news, General Counsel John P. Kelleher sold 390 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $172.75, for a total value of $67,372.50. Following the sale, the general counsel now owns 44,735 shares of the company’s stock, valued at $7,727,971.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider J Donald Sherman sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $165.58, for a total transaction of $4,139,500.00. Following the completion of the sale, the insider now directly owns 116,476 shares in the company, valued at approximately $19,286,096.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,763 shares of company stock worth $9,347,576. Insiders own 9.60% of the company’s stock.
A number of large investors have recently modified their holdings of HUBS. Dimensional Fund Advisors LP lifted its holdings in shares of HubSpot by 11.4% in the third quarter. Dimensional Fund Advisors LP now owns 61,990 shares of the software maker’s stock valued at $9,357,000 after purchasing an additional 6,320 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of HubSpot by 32.7% in the third quarter. AQR Capital Management LLC now owns 19,407 shares of the software maker’s stock valued at $2,929,000 after purchasing an additional 4,781 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of HubSpot by 35.2% in the third quarter. Neuberger Berman Group LLC now owns 11,130 shares of the software maker’s stock valued at $1,680,000 after purchasing an additional 2,900 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of HubSpot by 30.6% in the third quarter. Teachers Advisors LLC now owns 239,428 shares of the software maker’s stock valued at $36,142,000 after purchasing an additional 56,112 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of HubSpot by 358.0% in the third quarter. TIAA CREF Investment Management LLC now owns 362,839 shares of the software maker’s stock valued at $54,771,000 after purchasing an additional 283,609 shares in the last quarter. 91.11% of the stock is owned by institutional investors.
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.
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