HubSpot (NYSE:HUBS) had its price objective increased by equities researchers at UBS Group from $132.00 to $150.00 in a research note issued on Thursday, The Fly reports. The firm currently has an “outperform” rating on the software maker’s stock. UBS Group’s target price indicates a potential downside of 1.25% from the company’s current price.
Several other research firms have also recently weighed in on HUBS. Stifel Nicolaus upped their price target on shares of HubSpot from $122.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, June 14th. Morgan Stanley upped their price target on shares of HubSpot from $117.00 to $119.00 and gave the company an “equal weight” rating in a report on Thursday, August 2nd. Raymond James upped their price target on shares of HubSpot from $124.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, July 30th. Zacks Investment Research cut shares of HubSpot from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, Royal Bank of Canada upped their price target on shares of HubSpot to $141.00 and gave the company a “sector perform” rating in a report on Tuesday, July 31st. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $127.33.
Shares of NYSE HUBS opened at $151.90 on Thursday. The company has a market cap of $5.71 billion, a P/E ratio of -148.92 and a beta of 1.95. The company has a quick ratio of 3.26, a current ratio of 3.26 and a debt-to-equity ratio of 1.35. HubSpot has a 52-week low of $71.05 and a 52-week high of $154.55.
HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, August 1st. The software maker reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.02. The company had revenue of $122.60 million during the quarter, compared to analysts’ expectations of $117.75 million. HubSpot had a negative net margin of 12.64% and a negative return on equity of 17.00%. The business’s quarterly revenue was up 37.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.07 earnings per share. equities research analysts predict that HubSpot will post -1.1 earnings per share for the current year.
In other news, insider Hunter Madeley sold 1,000 shares of the business’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $144.75, for a total value of $144,750.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Julia Herendeen sold 408 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 transaction of $54,406.80. Following the completion of the sale, the director now directly owns 5,243 shares in the company, valued at approximately $699,154.05. The disclosure for this sale can be found here. In the last three months, insiders sold 128,342 shares of company stock worth $16,794,506. 9.60% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its position in shares of HubSpot by 35.6% in the second quarter. Public Employees Retirement System of Ohio now owns 28,382 shares of the software maker’s stock worth $3,559,000 after purchasing an additional 7,448 shares in the last quarter. Global X Management Co LLC bought a new stake in shares of HubSpot in the second quarter worth $172,000. Millennium Management LLC lifted its position in shares of HubSpot by 84.0% in the second quarter. Millennium Management LLC now owns 52,334 shares of the software maker’s stock worth $6,563,000 after purchasing an additional 23,893 shares in the last quarter. Scge Management L.P. lifted its position in shares of HubSpot by 25.2% in the second quarter. Scge Management L.P. now owns 795,650 shares of the software maker’s stock worth $99,775,000 after purchasing an additional 160,200 shares in the last quarter. Finally, Soros Fund Management LLC bought a new stake in shares of HubSpot in the second quarter worth $16,611,000. 96.39% 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.
Featured Article: Price to Earnings Ratio (PE), For Valuing Stocks
Receive News & Ratings for HubSpot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HubSpot and related companies with MarketBeat.com's FREE daily email newsletter.