HubSpot (NYSE:HUBS) had its price target boosted by Argus from $435.00 to $625.00 in a report released on Monday, The Fly reports. The brokerage currently has a buy rating on the software maker’s stock.
HUBS has been the subject of a number of other reports. BMO Capital Markets initiated coverage on HubSpot in a research note on Friday, January 22nd. They issued an outperform rating and a $470.00 target price for the company. Royal Bank of Canada upped their target price on HubSpot from $328.00 to $365.00 in a research note on Wednesday, October 28th. KeyCorp initiated coverage on HubSpot in a research note on Tuesday, November 24th. They issued an overweight rating and a $445.00 target price for the company. UBS Group upped their target price on HubSpot from $425.00 to $545.00 in a research note on Friday, February 12th. Finally, Morgan Stanley increased their price objective on HubSpot from $435.00 to $567.00 and gave the stock an overweight rating in a research note on Friday, February 12th. Two investment analysts have rated the stock with a hold rating, seventeen 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 price target of $457.57.
HUBS opened at $528.17 on Monday. HubSpot has a 1-year low of $90.83 and a 1-year high of $547.47. The company has a current ratio of 3.65, a quick ratio of 3.65 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $24.47 billion, a price-to-earnings ratio of -291.81 and a beta of 1.78. The business has a 50 day moving average of $419.40 and a 200-day moving average of $351.02.
HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Thursday, February 11th. The software maker reported $0.40 earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.82. The company had revenue of $252.07 million during the quarter, compared to analysts’ expectations of $236.36 million. HubSpot had a negative return on equity of 4.76% and a negative net margin of 9.78%. Equities analysts predict that HubSpot will post -1.36 EPS for the current year.
In other HubSpot news, CTO Dharmesh Shah sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of $519.74, for a total transaction of $10,394,800.00. Following the transaction, the chief technology officer now owns 1,563,490 shares in the company, valued at $812,608,292.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, December 15th. The stock was sold at an average price of $379.83, for a total value of $3,228,555.00. Following the transaction, the chief executive officer now owns 652,156 shares in the company, valued at approximately $247,708,413.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,933 shares of company stock worth $37,227,814. Company 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 HUBS. BlackRock Inc. raised its position in shares of HubSpot by 20.0% during the fourth quarter. BlackRock Inc. now owns 2,609,096 shares of the software maker’s stock worth $1,034,349,000 after purchasing an additional 434,219 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of HubSpot by 406.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 209,077 shares of the software maker’s stock worth $82,886,000 after purchasing an additional 167,799 shares during the period. Great West Life Assurance Co. Can raised its position in shares of HubSpot by 1,001.8% during the third quarter. Great West Life Assurance Co. Can now owns 152,341 shares of the software maker’s stock worth $6,020,000 after purchasing an additional 138,515 shares during the period. Amundi Pioneer Asset Management Inc. raised its position in shares of HubSpot by 2,070.8% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 121,413 shares of the software maker’s stock worth $48,133,000 after purchasing an additional 115,820 shares during the period. Finally, Polar Capital LLP raised its position in shares of HubSpot by 38.2% during the third quarter. Polar Capital LLP now owns 326,997 shares of the software maker’s stock worth $95,558,000 after purchasing an additional 90,342 shares during the period. 89.84% of the stock is currently owned by institutional investors.
HubSpot Company Profile
HubSpot, Inc provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes marketing, sales, service, and content management systems, as well as integrated applications, such as 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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