HubSpot (NYSE:HUBS) had its price objective hoisted by stock analysts at Morgan Stanley from $182.00 to $190.00 in a research report issued to clients and investors on Thursday, BenzingaRatingsTable reports. The brokerage currently has an “equal weight” rating on the software maker’s stock. Morgan Stanley’s price target would suggest a potential upside of 3.17% from the company’s current price.
A number of other equities analysts have also recently commented on HUBS. Canaccord Genuity lowered their price target on HubSpot from $210.00 to $170.00 in a report on Wednesday, November 6th. Wells Fargo & Co initiated coverage on HubSpot in a report on Monday, January 27th. They set an “equal weight” rating and a $190.00 price target for the company. Piper Sandler boosted their price target on HubSpot from $200.00 to $207.00 and gave the stock an “overweight” rating in a report on Thursday. Jefferies Financial Group lowered their price target on HubSpot from $230.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, Mizuho initiated coverage on HubSpot in a report on Thursday, January 9th. They set a “buy” rating and a $205.00 price target for the company. Eight analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. HubSpot currently has an average rating of “Buy” and a consensus price target of $195.82.
HubSpot stock opened at $184.17 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.85 and a current ratio of 3.85. HubSpot has a 52 week low of $137.30 and a 52 week high of $207.98. The stock has a market capitalization of $7.86 billion, a P/E ratio of -139.52 and a beta of 1.58. The stock has a fifty day moving average of $175.57 and a 200-day moving average of $167.63.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. HubSpot had a negative return on equity of 5.74% and a negative net margin of 8.68%. The company had revenue of $186.19 million during the quarter, compared to analysts’ expectations of $180.95 million. During the same quarter in the previous year, the firm earned $0.37 EPS. HubSpot’s revenue was up 29.3% on a year-over-year basis. On average, research analysts forecast that HubSpot will post -0.63 earnings per share for the current year.
In other HubSpot news, CEO Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $149.53, for a total value of $1,271,005.00. Following the sale, the chief executive officer now owns 712,933 shares in the company, valued at approximately $106,604,871.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kathryn Bueker sold 942 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $161.62, for a total value of $152,246.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,443 shares of company stock valued at $4,312,473. Insiders own 8.30% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FTB Advisors Inc. boosted its position in shares of HubSpot by 21.3% during the 4th quarter. FTB Advisors Inc. now owns 398 shares of the software maker’s stock valued at $63,000 after purchasing an additional 70 shares in the last quarter. Bailard Inc. boosted its position in shares of HubSpot by 1.2% during the 3rd quarter. Bailard Inc. now owns 6,275 shares of the software maker’s stock valued at $951,000 after purchasing an additional 75 shares in the last quarter. Shine Investment Advisory Services Inc. boosted its position in shares of HubSpot by 90.0% during the 4th quarter. Shine Investment Advisory Services Inc. now owns 171 shares of the software maker’s stock valued at $27,000 after purchasing an additional 81 shares in the last quarter. Harbour Capital Advisors LLC boosted its position in shares of HubSpot by 0.7% during the 4th quarter. Harbour Capital Advisors LLC now owns 12,175 shares of the software maker’s stock valued at $1,930,000 after purchasing an additional 86 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. boosted its position in shares of HubSpot by 3.1% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 3,038 shares of the software maker’s stock valued at $482,000 after purchasing an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 90.89% 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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