UBS AG reaffirmed their buy rating on shares of HubSpot, Inc. (NYSE:HUBS) in a research report report published on Thursday morning, www.analystratings.com reports. UBS AG currently has a $93.00 target price on the software maker’s stock.
“Consistent with our preview, HubSpot’s 3Q results were impressive, with upside to billings, 35%+ growth across leading business indicators, and management raising 2017 guidance; which support that the business is taking share of mid-market engagement technology spend. On balance, a shifting product mix will likely make ARPU trends lumpy, which may take time for investors to gain comfort with. Bottom line: 3Q results are another data point that HubSpot’s differentiation moat versus the competition is increasing in the mid-market, and the ~37% billings growth YTD lays a solid foundation for growth in 2018, giving us an upward bias to consensus estimates. HubSpot’s streak of improving business fundamentals in upcoming quarterly results is likely to continue.”,” the firm’s analyst commented.
Other equities research analysts also recently issued reports about the stock. Canaccord Genuity increased their price target on shares of HubSpot from $80.00 to $83.00 and gave the stock a buy rating in a report on Thursday, August 3rd. Oppenheimer Holdings, Inc. set a $80.00 target price on shares of HubSpot and gave the company a buy rating in a research note on Thursday, August 3rd. Needham & Company LLC reaffirmed a buy rating and issued a $80.00 target price on shares of HubSpot in a research note on Tuesday, September 19th. BidaskClub downgraded shares of HubSpot from a strong-buy rating to a buy rating in a research note on Friday, August 11th. Finally, Bank of America Corporation raised their target price on shares of HubSpot from $88.00 to $92.00 and gave the company a buy rating in a research note on Wednesday, September 27th. Two equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $83.78.
Shares of HubSpot (NYSE:HUBS) traded down $2.65 during trading on Thursday, hitting $83.60. 636,206 shares of the stock were exchanged, compared to its average volume of 365,123. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.55 and a quick ratio of 3.67.
HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 1st. The software maker reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.15. HubSpot had a negative net margin of 12.16% and a negative return on equity of 21.93%. The firm had revenue of $97.73 million for the quarter, compared to the consensus estimate of $96.50 million. During the same period in the prior year, the firm posted ($0.05) earnings per share. The company’s revenue for the quarter was up 38.4% on a year-over-year basis. research analysts predict that HubSpot will post -0.24 EPS for the current year.
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In other news, CFO John Kinzer sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $67.23, for a total value of $1,008,450.00. Following the transaction, the chief financial officer now owns 92,380 shares in the company, valued at $6,210,707.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Hunter Madeley sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $87.15, for a total transaction of $87,150.00. Following the completion of the transaction, the insider now owns 61,926 shares in the company, valued at approximately $5,396,850.90. The disclosure for this sale can be found here. Insiders have sold 48,000 shares of company stock worth $3,512,250 over the last quarter. Company insiders own 12.10% of the company’s stock.
Several institutional investors have recently modified their holdings of HUBS. ETF Managers Group LLC bought a new position in shares of HubSpot in the second quarter worth approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of HubSpot by 136.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,720 shares of the software maker’s stock worth $113,000 after purchasing an additional 994 shares during the last quarter. Sei Investments Co. grew its holdings in shares of HubSpot by 41.3% in the second quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock worth $142,000 after purchasing an additional 631 shares during the last quarter. Independent Portfolio Consultants Inc. grew its holdings in shares of HubSpot by 168.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,903 shares of the software maker’s stock worth $191,000 after purchasing an additional 1,823 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its holdings in shares of HubSpot by 18.5% in the second quarter. Ameritas Investment Partners Inc. now owns 2,955 shares of the software maker’s stock worth $194,000 after purchasing an additional 462 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.
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