Royal Bank of Canada Boosts HubSpot (HUBS) Price Target to $147.00

HubSpot (NYSE:HUBS) had its target price hoisted by Royal Bank of Canada from $138.00 to $147.00 in a research note released on Thursday morning. The firm currently has a sector perform rating on the software maker’s stock.

Other equities analysts have also issued reports about the company. Stifel Nicolaus upped their target price on HubSpot from $136.00 to $145.00 and gave the stock a buy rating in a research report on Thursday, September 6th. Needham & Company LLC upped their target price on HubSpot to $160.00 and gave the stock a buy rating in a research report on Thursday, September 6th. Canaccord Genuity upped their target price on HubSpot from $140.00 to $160.00 and gave the stock a buy rating in a research report on Thursday, September 6th. Zacks Investment Research raised HubSpot from a hold rating to a buy rating and set a $144.00 target price on the stock in a research report on Thursday, August 2nd. Finally, UBS Group reaffirmed a buy rating on shares of HubSpot in a research report on Tuesday, August 7th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $147.07.

Shares of HubSpot stock traded down $2.66 on Thursday, reaching $135.34. 404,100 shares of the company’s stock were exchanged, compared to its average volume of 508,676. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of -132.69 and a beta of 1.92. HubSpot has a 52 week low of $73.15 and a 52 week high of $162.20. The company has a debt-to-equity ratio of 1.35, a quick ratio of 3.26 and a current ratio of 3.26.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, November 7th. The software maker reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.37). The business had revenue of $131.83 million for the quarter, compared to the consensus estimate of $126.65 million. HubSpot had a negative return on equity of 17.00% and a negative net margin of 12.64%. HubSpot’s quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.03 earnings per share. On average, equities research analysts forecast that HubSpot will post -1.09 EPS for the current year.

In related news, insider J Donald Sherman sold 25,000 shares of the stock in a transaction on Friday, September 14th. The stock was sold at an average price of $159.73, for a total value of $3,993,250.00. Following the completion of the sale, the insider now directly owns 117,040 shares of the company’s stock, valued at approximately $18,694,799.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dharmesh Shah sold 30,000 shares of the stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $125.59, for a total value of $3,767,700.00. Following the completion of the sale, the insider now directly owns 1,596,983 shares of the company’s stock, valued at $200,565,094.97. The disclosure for this sale can be found here. Insiders have sold 118,680 shares of company stock worth $17,154,954 over the last ninety days. 9.60% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP raised its position in HubSpot by 7.1% in the 2nd quarter. First Trust Advisors LP now owns 1,079,990 shares of the software maker’s stock valued at $135,431,000 after buying an additional 71,931 shares during the last quarter. Jennison Associates LLC raised its position in HubSpot by 8.1% in the 3rd quarter. Jennison Associates LLC now owns 943,422 shares of the software maker’s stock valued at $142,410,000 after buying an additional 70,430 shares during the last quarter. Scge Management L.P. raised its position in HubSpot by 25.2% in the 2nd quarter. Scge Management L.P. now owns 795,650 shares of the software maker’s stock valued at $99,775,000 after buying an additional 160,200 shares during the last quarter. Wasatch Advisors Inc. raised its position in HubSpot by 22.6% in the 2nd quarter. Wasatch Advisors Inc. now owns 598,249 shares of the software maker’s stock valued at $75,020,000 after buying an additional 110,198 shares during the last quarter. Finally, Whale Rock Capital Management LLC purchased a new stake in HubSpot in the 2nd quarter valued at $64,123,000. 96.36% of the stock is owned by institutional investors and hedge funds.

HubSpot Company Profile

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.

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Analyst Recommendations for HubSpot (NYSE:HUBS)

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