HubSpot, Inc. (NYSE:HUBS) had its target price hoisted by Morgan Stanley from $93.00 to $96.00 in a research note released on Thursday morning. Morgan Stanley currently has an overweight rating on the software maker’s stock.
Several other analysts have also recently weighed in on the company. Zacks Investment Research raised HubSpot from a hold rating to a buy rating and set a $95.00 price target on the stock in a report on Tuesday, October 3rd. Evercore ISI started coverage on HubSpot in a report on Friday, September 8th. They issued an outperform rating and a $90.00 price target on the stock. TheStreet raised HubSpot from a d rating to a c- rating in a report on Monday, October 9th. Summit Redstone reaffirmed a hold rating on shares of HubSpot in a report on Thursday, August 3rd. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $80.00 price target on shares of HubSpot in a report on Tuesday, September 19th. Two equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $83.78.
HubSpot (HUBS) traded up $0.20 during trading hours on Thursday, hitting $83.80. The company’s stock had a trading volume of 517,622 shares, compared to its average volume of 414,272. HubSpot has a 1 year low of $44.90 and a 1 year high of $88.50. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.55 and a current ratio of 3.55.
HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 1st. The software maker reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.15. HubSpot had a negative return on equity of 21.93% and a negative net margin of 12.16%. The firm had revenue of $97.73 million for the quarter, compared to analysts’ expectations of $96.50 million. During the same quarter last year, the firm posted ($0.05) EPS. The company’s revenue was up 38.4% compared to the same quarter last year. research analysts expect that HubSpot will post -0.24 earnings per share for the current fiscal year.
In related news, 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 transaction, the insider now directly owns 61,926 shares in the company, valued at approximately $5,396,850.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO John Kinzer sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,000 shares of company stock worth $3,512,250. 12.10% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. Teacher Retirement System of Texas bought a new stake in shares of HubSpot in the 3rd quarter worth approximately $228,000. Rhumbline Advisers grew its position in shares of HubSpot by 1.7% in the 3rd quarter. Rhumbline Advisers now owns 38,180 shares of the software maker’s stock worth $3,209,000 after buying an additional 641 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of HubSpot in the 3rd quarter worth approximately $612,000. New York State Common Retirement Fund grew its position in shares of HubSpot by 25.2% in the 3rd quarter. New York State Common Retirement Fund now owns 117,761 shares of the software maker’s stock worth $9,898,000 after buying an additional 23,668 shares during the last quarter. Finally, Jennison Associates LLC grew its position in shares of HubSpot by 27.6% in the 3rd quarter. Jennison Associates LLC now owns 539,838 shares of the software maker’s stock worth $45,373,000 after buying an additional 116,861 shares during the last quarter. Hedge funds and other institutional investors own 95.65% 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.
What are top analysts saying about HubSpot Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for HubSpot Inc. and related companies.