BidaskClub lowered shares of HubSpot (NYSE:HUBS) from a buy rating to a hold rating in a research report sent to investors on Thursday morning, BidAskClub reports.
Several other equities analysts have also recently commented on the stock. Morgan Stanley raised their price target on shares of HubSpot from $305.00 to $400.00 and gave the company an overweight rating in a research report on Friday, November 6th. Argus initiated coverage on shares of HubSpot in a research note on Monday, October 19th. They issued a buy rating and a $350.00 price objective on the stock. Canaccord Genuity lifted their price objective on shares of HubSpot from $285.00 to $325.00 and gave the company a buy rating in a research note on Wednesday, September 23rd. KeyCorp began coverage on shares of HubSpot in a research note on Tuesday, November 24th. They set an overweight rating and a $445.00 price target on the stock. Finally, Jyske Bank upped their target price on shares of HubSpot from $240.00 to $300.00 in a research report on Wednesday, September 23rd. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $332.82.
HUBS stock opened at $402.85 on Thursday. The firm has a market cap of $18.49 billion, a P/E ratio of -222.57 and a beta of 1.79. HubSpot has a 52-week low of $90.83 and a 52-week high of $420.61. The company’s 50-day simple moving average is $391.26 and its 200-day simple moving average is $306.13. The company has a quick ratio of 3.65, a current ratio of 3.65 and a debt-to-equity ratio of 0.65.
HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Thursday, November 5th. The software maker reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.15. The firm had revenue of $228.39 million for the quarter, compared to analyst estimates of $210.86 million. HubSpot had a negative net margin of 9.78% and a negative return on equity of 4.76%. HubSpot’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period last year, the company posted $0.26 EPS. On average, analysts anticipate that HubSpot will post -1.36 earnings per share for the current fiscal year.
In related news, CTO Dharmesh Shah sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, December 11th. The shares were sold at an average price of $391.61, for a total transaction of $15,664,400.00. Following the transaction, the chief technology officer now owns 1,657,685 shares of the company’s stock, valued at $649,166,022.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $310.00, for a total transaction of $2,635,000.00. Insiders sold 79,472 shares of company stock worth $29,717,717 in the last ninety days. Insiders own 7.40% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue lifted its stake in shares of HubSpot by 57.3% during the fourth quarter. State of Alaska Department of Revenue now owns 629 shares of the software maker’s stock valued at $249,000 after buying an additional 229 shares during the period. HM Payson & Co. purchased a new position in shares of HubSpot during the third quarter valued at approximately $73,000. Virtu Financial LLC lifted its stake in shares of HubSpot by 40.1% during the third quarter. Virtu Financial LLC now owns 2,210 shares of the software maker’s stock valued at $646,000 after buying an additional 632 shares during the period. Sei Investments Co. raised its stake in HubSpot by 13.3% during the third quarter. Sei Investments Co. now owns 64,401 shares of the software maker’s stock worth $18,836,000 after purchasing an additional 7,562 shares during the period. Finally, Brinker Capital Investments LLC purchased a new position in HubSpot during the third quarter worth approximately $2,549,000. 84.82% of the stock is currently owned by institutional investors and hedge funds.
About HubSpot
HubSpot, Inc provides a cloud-based marketing, sales, and customer service 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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