Royal Bank of Canada upgraded shares of HubSpot (NYSE:HUBS) from a sector perform rating to an outperform rating in a research report report published on Thursday, September 5th, BenzingaRatingsTable reports. Royal Bank of Canada currently has $230.00 price objective on the software maker’s stock, up from their prior price objective of $187.00. The analysts noted that the move was a valuation call.
Several other research analysts also recently commented on HUBS. UBS Group began coverage on HubSpot in a report on Tuesday, August 13th. They issued a buy rating on the stock. JPMorgan Chase & Co. boosted their price objective on shares of HubSpot from $180.00 to $190.00 and gave the stock an overweight rating in a research report on Wednesday, May 8th. Deutsche Bank boosted their price objective on shares of HubSpot from $168.00 to $180.00 and gave the stock a hold rating in a research report on Wednesday, May 8th. SunTrust Banks upped their target price on shares of HubSpot to $205.00 and gave the company a buy rating in a research report on Wednesday, May 8th. Finally, 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 report on Wednesday, May 8th. Eight investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. HubSpot currently has an average rating of Buy and an average price target of $196.60.
HUBS stock opened at $164.11 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.97 and a quick ratio of 3.97. The business’s 50-day simple moving average is $188.14 and its 200 day simple moving average is $177.01. HubSpot has a twelve month low of $108.39 and a twelve month high of $207.98.
HubSpot (NYSE:HUBS) last released its quarterly earnings data on Tuesday, August 6th. The software maker reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.07. The company had revenue of $163.30 million for the quarter, compared to the consensus estimate of $157.26 million. HubSpot had a negative return on equity of 7.93% and a negative net margin of 9.92%. The company’s quarterly revenue was up 33.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.19 earnings per share. As a group, equities research analysts expect that HubSpot will post -0.74 EPS for the current fiscal year.
In other HubSpot news, CFO Kathryn Bueker sold 1,306 shares of HubSpot stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $174.65, for a total value of $228,092.90. Following the completion of the sale, the chief financial officer now directly owns 39,520 shares of the company’s stock, valued at $6,902,168. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $191.99, for a total transaction of $1,631,915.00. Following the completion of the sale, the chief executive officer now directly owns 743,404 shares of the company’s stock, valued at $142,726,133.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 141,147 shares of company stock worth $25,137,197. Insiders own 8.30% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of HUBS. Capital Investment Advisory Services LLC purchased a new position in HubSpot during the second quarter worth about $36,000. Aperio Group LLC raised its holdings in HubSpot by 10.3% in the 2nd quarter. Aperio Group LLC now owns 7,904 shares of the software maker’s stock worth $1,348,000 after purchasing an additional 741 shares in the last quarter. Cerebellum GP LLC bought a new position in shares of HubSpot in the 1st quarter worth about $325,000. State Board of Administration of Florida Retirement System increased its stake in shares of HubSpot by 99.3% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 43,165 shares of the software maker’s stock worth $7,360,000 after acquiring an additional 21,505 shares in the last quarter. Finally, AE Wealth Management LLC bought a new position in shares of HubSpot in the 2nd quarter worth about $212,000. Hedge funds and other institutional investors own 93.21% 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. 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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