HubSpot (NYSE:HUBS) had its price objective increased by SunTrust Banks to $205.00 in a research report report published on Wednesday morning, The Fly reports. The firm currently has a buy rating on the software maker’s stock.
Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of HubSpot from a hold rating to a buy rating and set a $179.00 price objective on the stock in a research note on Monday, February 4th. Canaccord Genuity lifted their price objective on shares of HubSpot from $160.00 to $190.00 and gave the stock a buy rating in a research note on Wednesday, February 13th. Stephens set a $198.00 price objective on shares of HubSpot and gave the stock a buy rating in a research note on Wednesday. Royal Bank of Canada lifted their price objective on shares of HubSpot from $167.00 to $187.00 and gave the stock a sector perform rating in a research note on Monday. Finally, Raymond James lifted their price objective on shares of HubSpot from $155.00 to $181.00 and gave the stock an outperform rating in a research note on Wednesday, February 13th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. HubSpot has a consensus rating of Buy and a consensus price target of $187.53.
NYSE HUBS traded up $1.03 during trading hours on Wednesday, reaching $180.87. 367,752 shares of the company traded hands, compared to its average volume of 575,097. HubSpot has a 12 month low of $106.95 and a 12 month high of $186.96. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.01 and a quick ratio of 3.01. The company has a market capitalization of $7.75 billion, a price-to-earnings ratio of -177.32 and a beta of 1.91.
HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.10. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The firm had revenue of $151.80 million for the quarter, compared to the consensus estimate of $147.47 million. During the same period in the prior year, the firm posted $0.15 EPS. The firm’s revenue was up 32.5% compared to the same quarter last year. As a group, analysts anticipate that HubSpot will post -1.1 EPS for the current year.
In other HubSpot news, insider Dharmesh Shah sold 28,000 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $166.53, for a total transaction of $4,662,840.00. Following the completion of the sale, the insider now directly owns 1,545,145 shares of the company’s stock, valued at approximately $257,312,996.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald S. Gill sold 4,133 shares of the business’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $166.92, for a total value of $689,880.36. Following the sale, the director now directly owns 18,207 shares of the company’s stock, valued at $3,039,112.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 87,896 shares of company stock worth $14,700,297. 9.60% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. Advisor Group Inc. raised its holdings in HubSpot by 10.3% during the 4th quarter. Advisor Group Inc. now owns 1,060 shares of the software maker’s stock worth $133,000 after purchasing an additional 99 shares during the last quarter. Ffcm LLC bought a new stake in shares of HubSpot in the 4th quarter valued at about $25,000. Harbour Capital Advisors LLC increased its stake in shares of HubSpot by 1.7% in the 4th quarter. Harbour Capital Advisors LLC now owns 12,037 shares of the software maker’s stock valued at $1,513,000 after acquiring an additional 198 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of HubSpot by 13.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,734 shares of the software maker’s stock valued at $218,000 after acquiring an additional 200 shares during the last quarter. Finally, Executive Wealth Management LLC bought a new stake in shares of HubSpot in the 4th quarter valued at about $26,000. 91.28% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Article: Systematic Risk and Investors