HubSpot (NYSE:HUBS) had its price objective upped by Needham & Company LLC in a research note issued on Friday, May 11th. The firm currently has a “buy” rating on the software maker’s stock.
Several other equities research analysts have also commented on the stock. Morgan Stanley reissued an “equal weight” rating and set a $96.00 price objective (down previously from $99.00) on shares of HubSpot in a research note on Tuesday, January 30th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of HubSpot from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. JPMorgan Chase boosted their price objective on shares of HubSpot from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Monday, February 12th. Stifel Nicolaus boosted their price objective on shares of HubSpot from $88.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Finally, UBS boosted their price objective on shares of HubSpot from $103.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. HubSpot currently has an average rating of “Buy” and an average target price of $108.57.
HubSpot opened at $113.95 on Friday, MarketBeat Ratings reports. HubSpot has a 1-year low of $63.00 and a 1-year high of $124.45. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 1.37. The firm has a market cap of $4.36 billion, a P/E ratio of -111.72 and a beta of 1.94.
HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Thursday, May 10th. The software maker reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. HubSpot had a negative net margin of 11.54% and a negative return on equity of 15.17%. The company had revenue of $114.56 million for the quarter, compared to analysts’ expectations of $109.89 million. During the same quarter in the previous year, the company earned $0.03 earnings per share. HubSpot’s quarterly revenue was up 39.3% on a year-over-year basis. equities research analysts predict that HubSpot will post -1.15 EPS for the current year.
In other news, insider Hunter Madeley sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 2nd. The shares were sold at an average price of $105.30, for a total transaction of $105,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Halligan sold 22,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $118.09, for a total transaction of $2,657,025.00. Following the transaction, the chief executive officer now directly owns 754,598 shares of the company’s stock, valued at $89,110,477.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 118,793 shares of company stock worth $13,486,224. Insiders own 9.60% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sciencast Management LP purchased a new stake in HubSpot during the fourth quarter valued at approximately $219,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in HubSpot by 35.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the software maker’s stock valued at $206,000 after buying an additional 606 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in HubSpot during the fourth quarter valued at approximately $216,000. SG Americas Securities LLC purchased a new stake in HubSpot during the first quarter valued at approximately $273,000. Finally, Cubist Systematic Strategies LLC increased its holdings in HubSpot by 2,066.7% during the first quarter. Cubist Systematic Strategies LLC now owns 2,600 shares of the software maker’s stock valued at $282,000 after buying an additional 2,480 shares during the last quarter. 97.03% of the stock is owned by hedge funds and other institutional investors.
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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