HubSpot (NYSE:HUBS) had its price target upped by investment analysts at Raymond James from $181.00 to $200.00 in a research report issued on Wednesday, May 8th, BenzingaRatingsTable reports. The firm currently has an “outperform” rating on the software maker’s stock. Raymond James’ price objective would suggest a potential upside of 6.62% from the company’s previous close.
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. Deutsche Bank lifted their price objective on shares of HubSpot from $168.00 to $180.00 and gave the company a “hold” rating in a report on Wednesday, May 8th. 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. Finally, 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. 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, CFO Kathryn Bueker sold 836 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $166.51, for a total value of $139,202.36. Following the sale, the chief financial officer now owns 42,428 shares of the company’s stock, valued at $7,064,686.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $168.73, for a total transaction of $4,218,250.00. Following the completion of the sale, the chief executive officer now directly owns 777,390 shares in the company, valued at approximately $131,169,014.70. The disclosure for this sale can be found here. In the last three months, 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 raised its holdings in HubSpot by 11.4% during the third quarter. Dimensional Fund Advisors LP now owns 61,990 shares of the software maker’s stock valued at $9,357,000 after buying an additional 6,320 shares in the last quarter. AQR Capital Management LLC raised its holdings in HubSpot by 32.7% during the third quarter. AQR Capital Management LLC now owns 19,407 shares of the software maker’s stock valued at $2,929,000 after buying an additional 4,781 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in HubSpot by 35.2% during the third quarter. Neuberger Berman Group LLC now owns 11,130 shares of the software maker’s stock valued at $1,680,000 after buying an additional 2,900 shares in the last quarter. Teachers Advisors LLC raised its holdings in HubSpot by 30.6% during the third quarter. Teachers Advisors LLC now owns 239,428 shares of the software maker’s stock valued at $36,142,000 after buying an additional 56,112 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in HubSpot by 358.0% during 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 buying 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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