Shares of HubSpot Inc (NYSE:HUBS) have received a consensus rating of “Buy” from the eighteen ratings firms that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $129.23.
HUBS has been the topic of several recent research reports. Summit Insights reiterated a “hold” rating on shares of HubSpot in a report on Thursday, September 6th. Stifel Nicolaus raised their price target on HubSpot from $122.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, June 14th. Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a report on Thursday, August 2nd. UBS Group raised their price target on HubSpot from $132.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, September 6th. Finally, Raymond James raised their price target on HubSpot from $124.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, July 30th.
In other news, insider Hunter Madeley sold 1,000 shares of HubSpot stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $124.95, for a total transaction of $124,950.00. Following the transaction, the insider now owns 48,950 shares in the company, valued at approximately $6,116,302.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel John P. Kelleher sold 408 shares of HubSpot stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $120.00, for a total value of $48,960.00. Following the completion of the sale, the general counsel now directly owns 40,646 shares in the company, valued at approximately $4,877,520. The disclosure for this sale can be found here. Insiders have sold a total of 131,142 shares of company stock worth $18,078,713 in the last quarter. 9.60% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in HUBS. Flinton Capital Management LLC acquired a new stake in HubSpot in the 2nd quarter valued at approximately $108,000. Meadow Creek Investment Management LLC acquired a new stake in HubSpot in the 2nd quarter valued at approximately $149,000. Flagship Harbor Advisors LLC acquired a new stake in HubSpot in the 2nd quarter valued at approximately $161,000. Global X Management Co LLC acquired a new stake in HubSpot in the 2nd quarter valued at approximately $172,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in HubSpot in the 2nd quarter valued at approximately $174,000. 96.39% of the stock is currently owned by institutional investors and hedge funds.
HubSpot stock opened at $149.10 on Friday. The stock has a market capitalization of $5.64 billion, a P/E ratio of -146.18 and a beta of 1.95. HubSpot has a 12-month low of $71.75 and a 12-month high of $162.20. 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 posted its quarterly earnings results on Wednesday, August 1st. The software maker reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. The business had revenue of $122.60 million for the quarter, compared to analysts’ expectations of $117.75 million. HubSpot had a negative return on equity of 17.00% and a negative net margin of 12.64%. The firm’s quarterly revenue was up 37.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 earnings per share. equities analysts predict that HubSpot will post -1.1 earnings per share for the current fiscal year.
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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