Several other equities research analysts also recently commented on the company. Morgan Stanley boosted their target price on HubSpot from $160.00 to $175.00 and gave the stock an equal weight rating in a report on Wednesday, May 8th. Deutsche Bank boosted their target price on HubSpot from $168.00 to $180.00 and gave the stock a hold rating in a report on Wednesday, May 8th. Raymond James boosted their target price on HubSpot from $181.00 to $200.00 and gave the stock an outperform rating in a report on Wednesday, May 8th. Piper Jaffray Companies boosted their target price on HubSpot from $185.00 to $200.00 and gave the stock an overweight rating in a report on Tuesday, April 30th. Finally, Royal Bank of Canada boosted their target price on HubSpot from $167.00 to $187.00 and gave the stock a sector perform rating in a report on Monday, May 6th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $187.53.
HubSpot stock traded up $9.09 during trading hours on Wednesday, reaching $190.61. The company had a trading volume of 22,169 shares, compared to its average volume of 567,526. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.03 and a quick ratio of 4.03. HubSpot has a 12-month low of $108.39 and a 12-month high of $186.96. The stock has a market capitalization of $7.73 billion, a P/E ratio of -187.76 and a beta of 1.91.
HubSpot (NYSE:HUBS) last posted its earnings results on Tuesday, May 7th. The software maker reported ($0.14) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.10. HubSpot had a negative return on equity of 10.68% and a negative net margin of 10.81%. The firm had revenue of $151.80 million for the quarter, compared to analysts’ expectations of $147.47 million. During the same period in the previous year, the firm earned $0.15 earnings per share. The business’s revenue was up 32.5% compared to the same quarter last year. Sell-side analysts expect that HubSpot will post -0.86 earnings per share for the current fiscal year.
In other news, General Counsel John P. Kelleher sold 390 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $181.00, for a total transaction of $70,590.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Halligan sold 25,000 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $168.73, for a total transaction of $4,218,250.00. Following the sale, the chief executive officer now owns 777,390 shares of the company’s stock, valued at approximately $131,169,014.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 83,763 shares of company stock valued at $14,010,416. Company insiders own 9.60% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Ffcm LLC acquired a new position in HubSpot in the 4th quarter worth $25,000. Executive Wealth Management LLC acquired a new stake in shares of HubSpot in the 4th quarter worth approximately $26,000. Sageworth Trust Co acquired a new stake in shares of HubSpot in the 1st quarter worth approximately $38,000. CWM LLC acquired a new stake in shares of HubSpot in the 4th quarter worth approximately $40,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of HubSpot in the 1st quarter worth approximately $53,000. Institutional investors and hedge funds own 91.11% 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. 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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