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A number of other equities analysts have also weighed in on HUBS. Royal Bank of Canada upgraded shares of HubSpot from a sector perform rating to an outperform rating and lifted their price objective for the company from $187.00 to $230.00 in a research report on Thursday, September 5th. They noted that the move was a valuation call. Compass Point started coverage on shares of HubSpot in a research report on Tuesday, August 13th. They issued a buy rating and a $222.00 price objective on the stock. Cowen set a $170.00 price objective on shares of HubSpot and gave the company a hold rating in a research report on Wednesday, August 7th. Bank of America set a $215.00 price objective on shares of HubSpot and gave the company a buy rating in a research report on Thursday, September 5th. Finally, Canaccord Genuity lowered their price objective on shares of HubSpot from $210.00 to $170.00 in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $192.58.
Shares of HubSpot stock traded down $1.36 during trading on Thursday, reaching $141.33. The company’s stock had a trading volume of 601,938 shares, compared to its average volume of 585,708. The company has a 50-day moving average price of $155.85 and a two-hundred day moving average price of $174.34. The firm has a market cap of $6.44 billion, a PE ratio of -138.56 and a beta of 1.62. HubSpot has a fifty-two week low of $108.39 and a fifty-two week high of $207.98. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt-to-equity ratio of 0.91.
HubSpot (NYSE:HUBS) last announced its earnings results on Tuesday, November 5th. The software maker reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.08. HubSpot had a negative net margin of 8.68% and a negative return on equity of 6.15%. The business had revenue of $173.62 million for the quarter, compared to analysts’ expectations of $168.82 million. During the same period in the previous year, the company posted $0.17 EPS. The company’s quarterly revenue was up 31.7% on a year-over-year basis. On average, analysts predict that HubSpot will post -0.74 earnings per share for the current fiscal year.
In related news, COO J Donald Sherman sold 25,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.63, for a total value of $4,015,750.00. Following the sale, the chief operating officer now directly owns 111,540 shares in the company, valued at approximately $17,916,670.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $191.99, for a total transaction of $1,631,915.00. Following the completion of the sale, the chief executive officer now owns 743,404 shares in the company, valued at $142,726,133.96. The disclosure for this sale can be found here. Insiders sold a total of 51,044 shares of company stock worth $8,512,063 over the last quarter. Insiders own 8.30% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in HUBS. Quest Capital Management Inc. ADV acquired a new position in HubSpot in the 3rd quarter valued at about $32,000. Duncker Streett & Co. Inc. acquired a new position in shares of HubSpot during the 2nd quarter valued at about $34,000. Capital Investment Advisory Services LLC acquired a new position in shares of HubSpot during the 2nd quarter valued at about $36,000. Pearl River Capital LLC acquired a new position in shares of HubSpot during the 2nd quarter valued at about $48,000. Finally, FTB Advisors Inc. increased its stake in shares of HubSpot by 58.8% during the 2nd quarter. FTB Advisors Inc. now owns 351 shares of the software maker’s stock valued at $59,000 after acquiring an additional 130 shares during the last quarter. Institutional investors and hedge funds own 92.53% of the company’s stock.
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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