HubSpot (HUBS) Price Target Increased to $181.00 by Analysts at Raymond James

HubSpot (NYSE:HUBS) had its price objective boosted by investment analysts at Raymond James from $155.00 to $181.00 in a research report issued on Wednesday. The brokerage currently has an “outperform” rating on the software maker’s stock. Raymond James’ price target would indicate a potential upside of 3.92% from the company’s previous close.

Other equities analysts have also issued reports about the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $198.00 price objective (up from $145.00) on shares of HubSpot in a research note on Wednesday. Bank of America lifted their price objective on HubSpot from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday. Canaccord Genuity lifted their price objective on HubSpot from $160.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday. UBS Group reaffirmed a “hold” rating on shares of HubSpot in a research note on Wednesday. Finally, Deutsche Bank lifted their price objective on HubSpot from $150.00 to $168.00 and gave the company a “hold” rating in a research note on Wednesday. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $164.81.

HUBS traded up $2.17 during midday trading on Wednesday, hitting $174.17. The company’s stock had a trading volume of 943,686 shares, compared to its average volume of 610,321. The stock has a market capitalization of $6.58 billion, a price-to-earnings ratio of -170.75 and a beta of 1.92. HubSpot has a 52-week low of $95.56 and a 52-week high of $172.54. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.15 and a quick ratio of 3.15.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.54. The business had revenue of $144.02 million for the quarter, compared to analyst estimates of $137.48 million. HubSpot had a negative return on equity of 19.13% and a negative net margin of 13.43%. The company’s revenue was up 35.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 EPS. Equities research analysts anticipate that HubSpot will post -0.97 earnings per share for the current year.

In related news, General Counsel John P. Kelleher sold 972 shares of the business’s stock in a transaction that occurred on Thursday, January 3rd. The stock was sold at an average price of $122.60, for a total transaction of $119,167.20. Following the transaction, the general counsel now directly owns 39,659 shares of the company’s stock, valued at approximately $4,862,193.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald S. Gill sold 4,133 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $166.92, for a total value of $689,880.36. Following the transaction, the director now directly owns 18,207 shares in the company, valued at $3,039,112.44. The disclosure for this sale can be found here. Insiders have sold a total of 73,763 shares of company stock worth $9,545,440 over the last three months. 9.60% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors increased its holdings in shares of HubSpot by 164.5% in the 3rd quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock valued at $286,814,000 after acquiring an additional 1,181,611 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in HubSpot by 358.0% during the third quarter. TIAA CREF Investment Management LLC now owns 362,839 shares of the software maker’s stock valued at $54,771,000 after buying an additional 283,609 shares during the period. Vanguard Group Inc raised its position in HubSpot by 3.1% during the third quarter. Vanguard Group Inc now owns 3,171,764 shares of the software maker’s stock valued at $478,778,000 after buying an additional 95,762 shares during the period. Vanguard Group Inc. raised its position in HubSpot by 3.1% during the third quarter. Vanguard Group Inc. now owns 3,171,764 shares of the software maker’s stock valued at $478,778,000 after buying an additional 95,762 shares during the period. Finally, Federated Investors Inc. PA raised its position in HubSpot by 307.1% during the third quarter. Federated Investors Inc. PA now owns 115,128 shares of the software maker’s stock valued at $17,379,000 after buying an additional 86,846 shares during the period. 93.19% of the stock is currently owned by hedge funds and other institutional investors.

About HubSpot

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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