Shares of HubSpot Inc (NYSE:HUBS) have been given a consensus rating of “Buy” by the twenty-five research firms that are currently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $199.28.
A number of research analysts have recently commented on the stock. Jefferies Financial Group upped their price target on shares of HubSpot from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Cowen set a $170.00 price target on shares of HubSpot and gave the stock a “hold” rating in a report on Wednesday, August 7th. KeyCorp restated a “hold” rating on shares of HubSpot in a report on Wednesday, September 4th. UBS Group assumed coverage on shares of HubSpot in a report on Tuesday, August 13th. They issued a “buy” rating on the stock. Finally, ValuEngine cut shares of HubSpot from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st.
HUBS stock traded up $2.57 during mid-day trading on Friday, reaching $170.38. 640,983 shares of the stock traded hands, compared to its average volume of 575,694. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.97 and a current ratio of 3.97. HubSpot has a one year low of $108.39 and a one year high of $207.98. The stock has a market capitalization of $7.24 billion, a PE ratio of -167.04 and a beta of 1.67. The business has a 50-day moving average price of $188.52 and a two-hundred day moving average price of $177.04.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.26) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.07. The firm had revenue of $163.30 million for the quarter, compared to analysts’ expectations of $157.26 million. HubSpot had a negative net margin of 9.92% and a negative return on equity of 7.93%. The business’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share. On average, equities analysts expect that HubSpot will post -0.74 earnings per share for the current fiscal year.
In related news, Director Lorrie M. Norrington sold 28,333 shares of the stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $178.10, for a total value of $5,046,107.30. Following the transaction, the director now owns 30,679 shares in the company, valued at approximately $5,463,929.90. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $177.65, for a total transaction of $1,510,025.00. Following the sale, the chief executive officer now directly owns 753,902 shares in the company, valued at approximately $133,930,690.30. 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. Insiders own 8.30% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Duncker Streett & Co. Inc. acquired a new stake in HubSpot in the 2nd quarter valued at $34,000. Capital Investment Advisory Services LLC purchased a new position in HubSpot in the 2nd quarter valued at $36,000. Pearl River Capital LLC purchased a new position in HubSpot in the 2nd quarter valued at $48,000. FTB Advisors Inc. lifted its holdings in HubSpot by 58.8% in the 2nd quarter. FTB Advisors Inc. now owns 351 shares of the software maker’s stock valued at $59,000 after purchasing an additional 130 shares in the last quarter. Finally, CSat Investment Advisory L.P. purchased a new position in HubSpot in the 2nd quarter valued at $66,000. 93.21% of the stock is currently 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.
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