HubSpot (NYSE:HUBS) PT Raised to $207.00

HubSpot (NYSE:HUBS) had its price target raised by research analysts at Piper Sandler from $200.00 to $207.00 in a research note issued on Thursday, BenzingaRatingsTable reports. The brokerage currently has an “overweight” rating on the software maker’s stock. Piper Sandler’s price objective points to a potential upside of 12.40% from the stock’s previous close.

A number of other brokerages have also weighed in on HUBS. Royal Bank of Canada boosted their price objective on shares of HubSpot from $190.00 to $215.00 and gave the stock an “outperform” rating in a report on Monday, January 27th. ValuEngine upgraded shares of HubSpot from a “hold” rating to a “buy” rating in a report on Wednesday. Morgan Stanley boosted their price objective on shares of HubSpot from $176.00 to $182.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Canaccord Genuity lowered their price objective on shares of HubSpot from $210.00 to $170.00 in a report on Wednesday, November 6th. Finally, Raymond James reiterated an “outperform” rating on shares of HubSpot in a report on Wednesday, November 6th. Eight analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $186.43.

HUBS stock opened at $184.17 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.85 and a quick ratio of 3.85. HubSpot has a one year low of $137.30 and a one year high of $207.98. The stock has a market cap of $7.86 billion, a PE ratio of -139.52 and a beta of 1.58. The firm has a 50 day simple moving average of $175.57 and a two-hundred day simple moving average of $167.63.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.03. The business had revenue of $186.19 million during the quarter, compared to analysts’ expectations of $180.95 million. HubSpot had a negative net margin of 8.68% and a negative return on equity of 5.74%. The business’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.37 EPS. On average, research analysts expect that HubSpot will post -0.63 EPS for the current fiscal year.

In other news, 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brian Halligan sold 8,501 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $156.88, for a total transaction of $1,333,636.88. Following the completion of the sale, the chief executive officer now directly owns 705,578 shares in the company, valued at $110,691,076.64. The disclosure for this sale can be found here. Insiders sold a total of 26,443 shares of company stock valued at $4,312,473 over the last 90 days. Company insiders own 8.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. lifted its stake in 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 acquiring an additional 81 shares during the period. Quest Capital Management Inc. ADV bought a new position in HubSpot during the 3rd quarter valued at about $32,000. Citizens Financial Group Inc RI bought a new position in HubSpot during the 4th quarter valued at about $35,000. Cutler Group LP lifted its stake in HubSpot by 111.7% during the 4th quarter. Cutler Group LP now owns 284 shares of the software maker’s stock valued at $45,000 after acquiring an additional 2,704 shares during the period. Finally, Sowell Financial Services LLC bought a new position in HubSpot during the 4th quarter valued at about $49,000. 90.89% 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. 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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