HubSpot (NYSE:HUBS) had its price objective decreased by equities researchers at Canaccord Genuity from $210.00 to $170.00 in a report issued on Wednesday, The Fly reports. Canaccord Genuity’s price target indicates a potential upside of 20.29% from the company’s current price.
Several other equities research analysts also recently issued reports on HUBS. Cowen set a $170.00 price objective on shares of HubSpot and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Bank of America set a $215.00 target price on shares of HubSpot and gave the company a “buy” rating in a research note on Thursday, September 5th. Royal Bank of Canada upgraded shares of HubSpot from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $187.00 to $230.00 in a research note on Thursday, September 5th. They noted that the move was a valuation call. ValuEngine upgraded shares of HubSpot from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Finally, KeyCorp restated a “hold” rating on shares of HubSpot in a research note on Wednesday, September 4th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $192.58.
HUBS opened at $141.33 on Wednesday. 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 has a 52-week low of $108.39 and a 52-week high of $207.98. The company has a 50 day moving average of $155.85 and a two-hundred day moving average of $174.34. The company has a market cap of $6.44 billion, a P/E ratio of -138.56 and a beta of 1.62.
HubSpot (NYSE:HUBS) last released its quarterly earnings data on Tuesday, November 5th. The software maker reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.08. HubSpot had a negative net margin of 8.68% and a negative return on equity of 6.15%. The company had revenue of $173.62 million during the quarter, compared to the consensus estimate of $168.82 million. During the same period in the previous year, the firm earned $0.17 earnings per share. HubSpot’s revenue for the quarter was up 31.7% on a year-over-year basis. Research analysts anticipate that HubSpot will post -0.74 earnings per share for the current year.
In other HubSpot news, CFO Kathryn Bueker sold 544 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $149.50, for a total transaction of $81,328.00. Following the transaction, the chief financial officer now directly owns 37,003 shares in the company, valued at approximately $5,531,948.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $162.94, for a total transaction of $1,384,990.00. Following the transaction, the chief executive officer now owns 733,697 shares in the company, valued at $119,548,589.18. The disclosure for this sale can be found here. Insiders sold 51,044 shares of company stock valued at $8,512,063 over the last 90 days. Insiders own 8.30% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Duncker Streett & Co. Inc. bought a new position in HubSpot during the 2nd quarter valued at $34,000. Capital Investment Advisory Services LLC bought a new position in HubSpot during the 2nd quarter valued at $36,000. Quest Capital Management Inc. ADV bought a new position in HubSpot during the 3rd quarter valued at $32,000. Pearl River Capital LLC bought a new position in HubSpot during the 2nd quarter valued at $48,000. Finally, FTB Advisors Inc. boosted its stake in HubSpot by 58.8% during the 2nd quarter. FTB Advisors Inc. now owns 351 shares of the software maker’s stock valued at $59,000 after acquiring an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 92.53% of the company’s stock.
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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