HubSpot (HUBS) Price Target Raised to $135.00

HubSpot (NYSE:HUBS) had its target price upped by SunTrust Banks to $135.00 in a research report sent to investors on Friday morning. The firm currently has a buy rating on the software maker’s stock.

Other analysts have also issued research reports about the stock. Canaccord Genuity upped their target price on shares of HubSpot from $98.00 to $115.00 and gave the stock a buy rating in a research note on Wednesday, February 14th. Needham & Company LLC upped their target price on shares of HubSpot from $95.00 to $110.00 and gave the stock a buy rating in a research note on Wednesday, February 14th. Stifel Nicolaus upped their target price 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. ValuEngine upgraded shares of HubSpot from a hold rating to a buy rating in a research note on Monday, April 2nd. Finally, Bank of America upped their target price on shares of HubSpot from $115.00 to $130.00 and gave the stock a buy rating in a research note on Wednesday, April 18th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $108.57.

HubSpot opened at $114.65 on Friday, according to MarketBeat.com. 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.

HubSpot (NYSE:HUBS) last posted its earnings results on Thursday, May 10th. The software maker reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $114.56 million during the quarter, compared to analyst estimates of $109.89 million. During the same quarter in the prior year, the business posted $0.03 EPS. The business’s revenue was up 39.3% compared to the same quarter last year. equities analysts predict that HubSpot will post -1.26 EPS for the current year.

In other HubSpot news, insider J Donald Sherman sold 25,000 shares of the company’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $118.11, for a total transaction of $2,952,750.00. Following the sale, the insider now directly owns 122,605 shares of the company’s stock, valued at $14,480,876.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Julia Herendeen sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $103.45, for a total transaction of $103,450.00. The disclosure for this sale can be found here. Insiders sold a total of 112,995 shares of company stock worth $12,731,602 over the last three months. 9.60% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HUBS. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 purchasing 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 about $216,000. Sciencast Management LP purchased a new stake in HubSpot during the fourth quarter valued at about $219,000. Advisor Group Inc. lifted its holdings in HubSpot by 1,524.1% during the fourth quarter. Advisor Group Inc. now owns 3,037 shares of the software maker’s stock valued at $268,000 after purchasing an additional 2,850 shares during the last quarter. Finally, Xact Kapitalforvaltning AB purchased a new stake in HubSpot during the fourth quarter valued at about $269,000. 96.05% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Company Profile

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.

Analyst Recommendations for HubSpot (NYSE:HUBS)

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