HubSpot (HUBS) Given New $145.00 Price Target at Stifel Nicolaus

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HubSpot (NYSE:HUBS) had its target price increased by Stifel Nicolaus from $136.00 to $145.00 in a research report issued on Thursday. The firm currently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ target price indicates a potential upside of 1.33% from the company’s current price.

Several other brokerages have also commented on HUBS. Needham & Company LLC boosted their price target on HubSpot and gave the company a “buy” rating in a research note on Friday, May 11th. Zacks Investment Research raised HubSpot from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a research note on Thursday, August 2nd. UBS Group reaffirmed an “outperform” rating and issued a $150.00 price target (up previously from $132.00) on shares of HubSpot in a research note on Thursday. Raymond James boosted their price target on HubSpot from $124.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, July 30th. Finally, Canaccord Genuity boosted their price target on HubSpot from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 11th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $125.40.

Shares of NYSE:HUBS traded up $3.70 during trading on Thursday, hitting $143.10. 9,491 shares of the stock were exchanged, compared to its average volume of 397,949. HubSpot has a 1-year low of $71.00 and a 1-year high of $146.10. The firm has a market capitalization of $5.57 billion, a PE ratio of -140.29 and a beta of 1.95. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 1.35.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, August 1st. The software maker reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.02. The company had revenue of $122.60 million for the quarter, compared to analyst estimates of $117.75 million. HubSpot had a negative return on equity of 17.00% and a negative net margin of 12.64%. HubSpot’s revenue for the quarter was up 37.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 EPS. sell-side analysts predict that HubSpot will post -1.1 EPS for the current year.

In other HubSpot news, CFO John Kinzer sold 932 shares of the business’s stock in a transaction on Friday, June 15th. The stock was sold at an average price of $133.35, for a total value of $124,282.20. Following the transaction, the chief financial officer now owns 67,610 shares of the company’s stock, valued at $9,015,793.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider J Donald Sherman sold 25,000 shares of the business’s stock in a transaction on Friday, June 15th. The stock was sold at an average price of $134.52, for a total value of $3,363,000.00. Following the completion of the transaction, the insider now directly owns 119,823 shares in the company, valued at approximately $16,118,589.96. The disclosure for this sale can be found here. In the last three months, insiders sold 126,834 shares of company stock worth $16,576,223. Insiders own 9.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Flinton Capital Management LLC acquired a new position in HubSpot in the second quarter worth $108,000. Meadow Creek Investment Management LLC bought a new stake in shares of HubSpot during the second quarter worth $149,000. Flagship Harbor Advisors LLC bought a new stake in shares of HubSpot during the second quarter worth $161,000. Global X Management Co LLC bought a new stake in shares of HubSpot during the second quarter worth $172,000. Finally, CIBC Private Wealth Group LLC bought a new stake in shares of HubSpot during the second quarter worth $174,000. 96.39% of the stock is currently owned by 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. 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.

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