Several other equities analysts also recently issued reports on HUBS. Raymond James lifted their price target on shares of HubSpot from $200.00 to $210.00 and gave the company an outperform rating in a report on Thursday. Compass Point initiated coverage on shares of HubSpot in a research note on Tuesday, August 13th. They issued a buy rating and a $222.00 target price for the company. Evercore ISI set a $175.00 target price on shares of HubSpot and gave the stock a hold rating in a research note on Wednesday, August 7th. Royal Bank of Canada raised shares of HubSpot from a sector perform rating to an outperform rating and boosted their target price for the stock from $187.00 to $230.00 in a research note on Thursday. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their target price on shares of HubSpot from $175.00 to $186.00 and gave the stock an equal weight rating in a research note on Wednesday, August 7th. Eight research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $196.60.
Shares of HUBS stock opened at $189.16 on Thursday. HubSpot has a 12-month low of $108.39 and a 12-month high of $207.98. The company has a market capitalization of $8.33 billion, a P/E ratio of -185.45 and a beta of 1.67. The firm has a 50-day moving average price of $188.80 and a 200 day moving average price of $176.73. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.91.
HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.07. HubSpot had a negative net margin of 9.92% and a negative return on equity of 7.93%. The firm had revenue of $163.30 million during the quarter, compared to the consensus estimate of $157.26 million. During the same period last year, the firm posted $0.19 EPS. The firm’s quarterly revenue was up 33.2% on a year-over-year basis. As a group, research analysts expect that HubSpot will post -0.74 earnings per share for the current year.
In related news, CTO Dharmesh Shah sold 31,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $174.00, for a total transaction of $5,394,000.00. Following the completion of the sale, the chief technology officer now directly owns 1,529,718 shares of the company’s stock, valued at $266,170,932. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lorrie M. Norrington sold 28,333 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $178.10, for a total transaction of $5,046,107.30. Following the sale, the director now directly owns 30,679 shares of the company’s stock, valued at $5,463,929.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 141,147 shares of company stock valued at $25,137,197. 8.30% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. raised its stake in shares of HubSpot by 3.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,098 shares of the software maker’s stock worth $358,000 after buying an additional 66 shares during the last quarter. Harbour Capital Advisors LLC grew its holdings in HubSpot by 0.9% during the second quarter. Harbour Capital Advisors LLC now owns 11,927 shares of the software maker’s stock valued at $2,034,000 after purchasing an additional 112 shares during the period. Slow Capital Inc. grew its holdings in HubSpot by 4.8% during the second quarter. Slow Capital Inc. now owns 2,494 shares of the software maker’s stock valued at $425,000 after purchasing an additional 115 shares during the period. Flagship Harbor Advisors LLC grew its holdings in HubSpot by 7.6% during the second quarter. Flagship Harbor Advisors LLC now owns 1,763 shares of the software maker’s stock valued at $300,000 after purchasing an additional 125 shares during the period. Finally, FTB Advisors Inc. grew its holdings in HubSpot by 58.8% during the second quarter. FTB Advisors Inc. now owns 351 shares of the software maker’s stock valued at $59,000 after purchasing an additional 130 shares during the period. 93.21% of the stock is owned by institutional investors and hedge funds.
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.
Read More: How is an ETF different from a mutual fund?
Receive News & Ratings for HubSpot Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for HubSpot and related companies with MarketBeat.com’s FREE daily email newsletter.