A number of other equities analysts also recently issued reports on the stock. UBS Group downgraded shares of HubSpot from an “outperform” rating to a “market perform” rating in a report on Thursday. Bank of America reaffirmed a “buy” rating and set a $185.00 price objective (up from $180.00) on shares of HubSpot in a report on Wednesday. Zacks Investment Research downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a report on Thursday, January 17th. Stephens began coverage on shares of HubSpot in a report on Thursday, January 17th. They set an “overweight” rating and a $191.00 price objective on the stock. Finally, Morgan Stanley boosted their price target on shares of HubSpot from $141.00 to $146.00 and gave the stock an “equal weight” rating in a report on Thursday, November 8th. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. HubSpot presently has an average rating of “Buy” and a consensus target price of $152.25.
NYSE HUBS opened at $152.05 on Thursday. HubSpot has a 12-month low of $85.65 and a 12-month high of $162.20. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.15 and a quick ratio of 3.15. The firm has a market capitalization of $5.96 billion, a P/E ratio of -149.07 and a beta of 1.80.
HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 7th. The software maker reported ($0.32) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.37). The firm had revenue of $131.83 million for the quarter, compared to analysts’ expectations of $126.65 million. HubSpot had a negative return on equity of 19.13% and a negative net margin of 13.43%. HubSpot’s revenue was up 34.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 earnings per share. On average, sell-side analysts expect that HubSpot will post -0.98 earnings per share for the current year.
In other news, General Counsel John P. Kelleher sold 508 shares of the company’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $140.95, for a total transaction of $71,602.60. Following the sale, the general counsel now directly owns 37,460 shares in the company, valued at $5,279,987. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Hunter Madeley sold 1,199 shares of the company’s stock in a transaction dated Monday, January 14th. The shares were sold at an average price of $137.13, for a total value of $164,418.87. Following the sale, the insider now owns 35,526 shares in the company, valued at $4,871,680.38. The disclosure for this sale can be found here. Insiders sold a total of 73,884 shares of company stock worth $9,389,695 over the last 90 days. 9.60% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Harbour Capital Advisors LLC increased its position in shares of HubSpot by 1.7% during the fourth quarter. Harbour Capital Advisors LLC now owns 12,037 shares of the software maker’s stock valued at $1,513,000 after buying an additional 198 shares during the period. Strs Ohio increased its position in shares of HubSpot by 5.2% during the fourth quarter. Strs Ohio now owns 6,100 shares of the software maker’s stock valued at $766,000 after buying an additional 300 shares during the period. First Hawaiian Bank bought a new stake in shares of HubSpot during the fourth quarter valued at about $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 valued at $119,000 after buying an additional 385 shares during the period. Finally, 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 valued at $3,631,000 after buying an additional 434 shares during the period. Hedge funds and other institutional investors own 93.64% of the company’s stock.
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.
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