Compass Point Initiates Coverage on HubSpot (NYSE:HUBS)

Equities research analysts at Compass Point initiated coverage on shares of HubSpot (NYSE:HUBS) in a report released on Tuesday, MarketBeat reports. The firm set a “buy” rating and a $222.00 price target on the software maker’s stock. Compass Point’s target price indicates a potential upside of 19.92% from the stock’s previous close.

Several other research analysts have also commented on the company. Cowen set a $170.00 price target on HubSpot and gave the stock a “hold” rating in a research report on Wednesday, August 7th. ValuEngine lowered HubSpot from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Piper Jaffray Companies lifted their price target on HubSpot from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. JPMorgan Chase & Co. lifted their price target on HubSpot from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th. Finally, Goldman Sachs Group began coverage on HubSpot in a research report on Friday, June 7th. They issued a “buy” rating and a $223.00 price target for the company. Nine research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $189.95.

HUBS opened at $185.13 on Tuesday. The stock has a market capitalization of $7.87 billion, a price-to-earnings ratio of -181.50 and a beta of 1.71. HubSpot has a 12 month low of $108.39 and a 12 month high of $196.79. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt-to-equity ratio of 0.91. The stock has a 50-day moving average of $179.34.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.26) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.07. The company had revenue of $163.30 million during the quarter, compared to analyst estimates of $157.26 million. HubSpot had a negative return on equity of 7.93% and a negative net margin of 9.92%. The firm’s revenue was up 33.2% on a year-over-year basis. During the same quarter last year, the business posted $0.19 earnings per share. Analysts predict that HubSpot will post -0.74 earnings per share for the current year.

In other news, General Counsel John P. Kelleher sold 390 shares of HubSpot stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $165.00, for a total transaction of $64,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Hunter Madeley sold 1,005 shares of HubSpot stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $165.00, for a total transaction of $165,825.00. The disclosure for this sale can be found here. In the last three months, insiders sold 134,187 shares of company stock valued at $23,759,382. 8.30% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of HubSpot by 8.0% during the second quarter. Vanguard Group Inc. now owns 4,143,177 shares of the software maker’s stock valued at $706,494,000 after acquiring an additional 308,282 shares in the last quarter. First Trust Advisors LP raised its stake in shares of HubSpot by 13.4% during the second quarter. First Trust Advisors LP now owns 1,025,986 shares of the software maker’s stock valued at $174,951,000 after acquiring an additional 121,162 shares in the last quarter. Wasatch Advisors Inc. raised its stake in shares of HubSpot by 2.5% during the first quarter. Wasatch Advisors Inc. now owns 502,406 shares of the software maker’s stock valued at $83,505,000 after acquiring an additional 12,461 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of HubSpot by 9.8% during the fourth quarter. Geode Capital Management LLC now owns 382,570 shares of the software maker’s stock valued at $48,100,000 after acquiring an additional 34,178 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new stake in shares of HubSpot during the second quarter valued at approximately $51,977,000. 95.36% of the stock is owned by hedge funds and other institutional investors.

About HubSpot

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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Analyst Recommendations for HubSpot (NYSE:HUBS)

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