HubSpot (HUBS) PT Raised to $195.00

HubSpot (NYSE:HUBS) had its price target upped by Stifel Nicolaus from $185.00 to $195.00 in a research note issued on Wednesday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 10.20% from the stock’s current price.

Several other brokerages have also issued reports on HUBS. Piper Jaffray Companies increased their price objective on HubSpot from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Royal Bank of Canada raised their target price on HubSpot from $167.00 to $187.00 and gave the company a “sector perform” rating in a report on Monday. Morgan Stanley raised their target price on HubSpot from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Wednesday. Deutsche Bank raised their target price on HubSpot from $168.00 to $180.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Raymond James raised their target price on HubSpot from $181.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. HubSpot has a consensus rating of “Buy” and an average price target of $182.41.

Shares of HUBS traded down $4.96 during mid-day trading on Wednesday, reaching $176.96. The company’s stock had a trading volume of 349,744 shares, compared to its average volume of 569,816. The firm has a market capitalization of $7.75 billion, a P/E ratio of -173.49 and a beta of 1.91. HubSpot has a 1 year low of $106.95 and a 1 year high of $186.96. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 1.30.

HubSpot (NYSE:HUBS) last released its earnings results on Tuesday, May 7th. The software maker reported ($0.14) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.10. The company had revenue of $151.80 million during the quarter, compared to analyst estimates of $147.47 million. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The company’s revenue for the quarter was up 32.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 earnings per share. On average, analysts expect that HubSpot will post -1.1 earnings per share for the current fiscal year.

In other news, CEO Brian Halligan sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $168.73, for a total value of $4,218,250.00. Following the sale, the chief executive officer now directly owns 777,390 shares of the company’s stock, valued at $131,169,014.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Dharmesh Shah sold 28,000 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $166.53, for a total value of $4,662,840.00. Following the completion of the sale, the insider now directly owns 1,545,145 shares in the company, valued at $257,312,996.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,896 shares of company stock worth $14,700,297. 9.60% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the company. Ffcm LLC acquired a new stake in HubSpot during the fourth quarter worth about $25,000. Executive Wealth Management LLC acquired a new stake in HubSpot during the fourth quarter worth about $26,000. Sageworth Trust Co acquired a new stake in HubSpot during the first quarter worth about $38,000. CWM LLC acquired a new stake in HubSpot during the fourth quarter worth about $40,000. Finally, Meeder Asset Management Inc. acquired a new stake in HubSpot during the first quarter worth about $53,000. 91.28% of the stock is currently owned by institutional investors.

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.

Recommended Story: Why is the Consumer Price Index (CPI) important?

Analyst Recommendations for HubSpot (NYSE:HUBS)

Receive News & Ratings for HubSpot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HubSpot and related companies with MarketBeat.com's FREE daily email newsletter.