HubSpot Inc (NYSE:HUBS) has received an average recommendation of “Buy” from the twenty-six research firms that are currently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $195.18.
A number of equities analysts have recently weighed in on HUBS shares. ValuEngine lowered HubSpot from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Mizuho started coverage on HubSpot in a research note on Thursday, January 9th. They issued a “buy” rating and a $205.00 price objective for the company. Jefferies Financial Group dropped their price objective on HubSpot from $230.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Canaccord Genuity dropped their price objective on HubSpot from $210.00 to $170.00 in a research note on Wednesday, November 6th. Finally, Needham & Company LLC dropped their price target on HubSpot to $182.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th.
In other HubSpot news, CEO Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $149.53, for a total transaction of $1,271,005.00. Following the sale, the chief executive officer now directly owns 712,933 shares in the company, valued at $106,604,871.49. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kathryn Bueker sold 942 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $161.62, for a total value of $152,246.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,943 shares of company stock valued at $2,756,888. 8.30% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in 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 purchasing an additional 308,282 shares during the period. GW&K Investment Management LLC raised its holdings in shares of HubSpot by 13.6% in the third quarter. GW&K Investment Management LLC now owns 365,957 shares of the software maker’s stock worth $55,483,000 after buying an additional 43,760 shares during the period. Nuveen Asset Management LLC purchased a new stake in shares of HubSpot in the second quarter worth approximately $61,888,000. Eventide Asset Management LLC raised its holdings in shares of HubSpot by 10.4% in the third quarter. Eventide Asset Management LLC now owns 350,000 shares of the software maker’s stock worth $53,064,000 after buying an additional 33,000 shares during the period. Finally, Morgan Stanley raised its holdings in shares of HubSpot by 21.9% in the second quarter. Morgan Stanley now owns 190,480 shares of the software maker’s stock worth $32,481,000 after buying an additional 34,202 shares during the period. Institutional investors and hedge funds own 90.84% of the company’s stock.
Shares of NYSE HUBS traded up $0.01 during mid-day trading on Friday, reaching $181.72. The company’s stock had a trading volume of 409,456 shares, compared to its average volume of 584,255. The firm has a market capitalization of $7.69 billion, a PE ratio of -178.16 and a beta of 1.59. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.85 and a quick ratio of 3.85. The stock has a fifty day moving average of $160.42 and a two-hundred day moving average of $167.13. HubSpot has a 52 week low of $137.30 and a 52 week high of $207.98.
HubSpot (NYSE:HUBS) last released its quarterly earnings data on Tuesday, November 5th. The software maker reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. The firm had revenue of $173.62 million during the quarter, compared to analyst estimates of $168.82 million. HubSpot had a negative return on equity of 5.74% and a negative net margin of 8.68%. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.17 earnings per share. Analysts anticipate that HubSpot will post -0.63 EPS for the current fiscal year.
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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