HubSpot (NYSE:HUBS) Receives New Coverage from Analysts at Deutsche Bank

Analysts at Deutsche Bank initiated coverage on shares of HubSpot (NYSE:HUBS) in a report issued on Friday, January 25th, The Fly reports. The brokerage set a “hold” rating and a $150.00 price target on the software maker’s stock. Deutsche Bank’s price objective would suggest a potential downside of 9.69% from the company’s previous close.

Several other brokerages have also issued reports on HUBS. Zacks Investment Research raised HubSpot from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Wednesday, November 14th. Rosenblatt Securities began coverage on HubSpot in a research report on Thursday, October 4th. They set a “buy” rating and a $170.00 target price on the stock. Bank of America reaffirmed a “buy” rating and set a $185.00 target price (up from $180.00) on shares of HubSpot in a research report on Wednesday, January 23rd. CIBC reaffirmed a “market perform” rating on shares of HubSpot in a research report on Thursday, January 24th. Finally, Oppenheimer upped their target price on HubSpot from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, November 8th. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $170.29.

Shares of HUBS traded down $0.08 during trading hours on Friday, hitting $166.09. The company had a trading volume of 838,913 shares, compared to its average volume of 716,332. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of -162.83 and a beta of 1.92. The company has a current ratio of 3.01, a quick ratio of 3.15 and a debt-to-equity ratio of 1.30. HubSpot has a one year low of $101.45 and a one year high of $180.00.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. The firm had revenue of $144.02 million during the quarter, compared to analyst estimates of $137.48 million. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The business’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 EPS. On average, equities research analysts forecast that HubSpot will post -0.99 EPS for the current year.

In other HubSpot news, CEO Brian Halligan sold 15,277 shares of the firm’s stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $123.18, for a total transaction of $1,881,820.86. Following the completion of the sale, the chief executive officer now owns 680,046 shares of the company’s stock, valued at $83,768,066.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ronald S. Gill sold 4,140 shares of the firm’s stock in a transaction on Monday, December 10th. The stock was sold at an average price of $128.15, for a total value of $530,541.00. Following the transaction, the director now owns 18,214 shares of the company’s stock, valued at $2,334,124.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,763 shares of company stock worth $6,156,940. Company insiders own 9.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Ffcm LLC acquired a new stake in shares of HubSpot during the fourth quarter worth about $25,000. CWM LLC purchased a new stake in shares of HubSpot during the 4th quarter worth approximately $40,000. First Hawaiian Bank purchased a new stake in shares of HubSpot during the 4th quarter worth approximately $43,000. Mckinley Capital Management LLC Delaware purchased a new stake in HubSpot in the 4th quarter valued at approximately $51,000. Finally, DekaBank Deutsche Girozentrale lifted its stake in HubSpot by 85.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock valued at $119,000 after buying an additional 385 shares in the last quarter. Institutional investors own 93.19% 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.