Needham & Company LLC reissued their buy rating on shares of HubSpot (NYSE:HUBS – Get Rating) in a research report report published on Wednesday, Benzinga reports. The firm currently has a $380.00 price target on the software maker's stock.
Several other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on HubSpot from $475.00 to $435.00 and set an overweight rating for the company in a report on Thursday, November 3rd. Wells Fargo & Company dropped their price objective on HubSpot from $500.00 to $475.00 and set an overweight rating for the company in a report on Monday, October 31st. Macquarie assumed coverage on HubSpot in a report on Wednesday, November 2nd. They issued an outperform rating and a $355.00 price objective for the company. Jefferies Financial Group dropped their price objective on HubSpot from $450.00 to $400.00 and set a buy rating for the company in a report on Monday, October 24th. Finally, Oppenheimer cut HubSpot from an outperform rating to a market perform rating and set a $375.00 price objective for the company. in a report on Thursday, November 3rd. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $390.55.
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HubSpot Trading Up 6.2 %
Shares of HUBS stock opened at $368.67 on Wednesday. The stock has a market capitalization of $17.91 billion, a PE ratio of -154.90 and a beta of 1.56. HubSpot has a 1-year low of $245.03 and a 1-year high of $596.17. The business has a 50-day moving average of $302.07 and a 200 day moving average of $303.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.34 and a quick ratio of 2.34.
HubSpot (NYSE:HUBS – Get Rating) last issued its earnings results on Wednesday, November 2nd. The software maker reported ($0.75) earnings per share for the quarter, missing the consensus estimate of ($0.66) by ($0.09). HubSpot had a negative net
margin of 6.96% and a negative return on equity of 11.72%. The company had revenue of $443.96 million for the quarter, compared to analysts' expectations of $425.43 million. As a group, sell-side analysts anticipate that HubSpot will post -1.86 earnings per share for the current year.
Insider Activity at HubSpot
In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, December 20th. The stock was sold at an average price of $282.36, for a total value of $2,400,060.00. Following the completion of the sale, the insider now owns 631,280 shares of the company's stock, valued at approximately $178,248,220.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other HubSpot news, CTO Dharmesh Shah sold 6,528 shares of HubSpot stock in a transaction on Tuesday, January 24th. The stock was sold at an average price of $350.50, for a total value of $2,288,064.00. Following the completion of the sale, the chief technology officer now owns 1,472,888 shares of the company's stock, valued at approximately $516,247,244. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, December 20th. The stock was sold at an average price of $282.36, for a total value of $2,400,060.00. Following the completion of the sale, the insider now directly owns 631,280 shares of the company's stock, valued at approximately $178,248,220.80. The disclosure for this sale can be found here. Insiders sold a total of 67,309 shares of company stock valued at $20,357,963 in the last 90 days. Corporate insiders own 5.60% of the company's stock.
Institutional Trading of HubSpot
A number of institutional investors and hedge funds have recently modified their holdings of the business. LPL Financial LLC grew its holdings in shares of HubSpot by 5.3% in the second quarter. LPL Financial LLC now owns 26,589 shares of the software maker's stock worth $7,994,000 after acquiring an additional 1,348 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of HubSpot by 5.5% in the second quarter. Nisa Investment Advisors LLC now owns 2,900 shares of the software maker's stock worth $872,000 after acquiring an additional 150 shares during the period. Vestmark Advisory Solutions Inc. grew its holdings in shares of HubSpot by 14.2% in the third quarter. Vestmark Advisory Solutions Inc. now owns 5,299 shares of the software maker's stock worth $1,431,000 after acquiring an additional 659 shares during the period. Chartwell Investment Partners LLC grew its holdings in shares of HubSpot by 0.6% in the second quarter. Chartwell Investment Partners LLC now owns 7,285 shares of the software maker's stock worth $2,190,000 after acquiring an additional 44 shares during the period. Finally, Aviva PLC grew its holdings in shares of HubSpot by 125.7% in the second quarter. Aviva PLC now owns 29,479 shares of the software maker's stock worth $8,863,000 after acquiring an additional 16,417 shares during the period. Institutional investors own 90.87% of the company's stock.
HubSpot Company Profile
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HubSpot, Inc develops Internet marketing software solutions. The firm operates through the following geographical segments: Americas, Europe and Asia Pacific. The company was founded by Brian Patrick Halligan and Dharmesh Shah on April 4, 2005, and is headquartered in Cambridge, MA.
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