HubSpot (HUBS) PT Raised to $160.00

HubSpot (NYSE:HUBS) had its price objective increased by investment analysts at Oppenheimer from $150.00 to $160.00 in a report issued on Thursday, The Fly reports. The firm currently has an “outperform” rating on the software maker’s stock. Oppenheimer’s target price would suggest a potential upside of 18.22% from the stock’s previous close.

Several other research analysts also recently weighed in on the stock. Jefferies Financial Group initiated coverage on shares of HubSpot in a report on Tuesday, October 2nd. They set a “buy” rating and a $182.00 price objective on the stock. Morgan Stanley lowered their price objective on shares of HubSpot from $148.00 to $141.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 23rd. UBS Group initiated coverage on shares of HubSpot in a report on Thursday, October 4th. They set a “buy” rating on the stock. Canaccord Genuity upped their price objective on shares of HubSpot from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, September 6th. Finally, Raymond James upped their price objective on shares of HubSpot from $124.00 to $150.00 and gave the stock an “outperform” rating in a report on Monday, July 30th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $147.07.

Shares of NYSE HUBS opened at $135.34 on Thursday. HubSpot has a 12-month low of $73.15 and a 12-month high of $162.20. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 1.35.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, November 7th. The software maker reported ($0.32) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.37). The company 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 19.34% and a negative net margin of 13.43%. The firm’s revenue was up 34.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.03 earnings per share. On average, sell-side analysts forecast that HubSpot will post -1.09 earnings per share for the current fiscal year.

In other news, General Counsel John P. Kelleher sold 3,815 shares of the stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $130.00, for a total value of $495,950.00. Following the completion of the sale, the general counsel now owns 40,548 shares in the company, valued at $5,271,240. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Dharmesh Shah sold 30,000 shares of the stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $125.59, for a total transaction of $3,767,700.00. Following the completion of the sale, the insider now owns 1,596,983 shares of the company’s stock, valued at approximately $200,565,094.97. The disclosure for this sale can be found here. In the last quarter, insiders sold 118,680 shares of company stock valued at $17,154,954. 9.60% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. First Trust Advisors LP raised its holdings in shares of HubSpot by 7.1% in the second quarter. First Trust Advisors LP now owns 1,079,990 shares of the software maker’s stock valued at $135,431,000 after purchasing an additional 71,931 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of HubSpot by 8.1% in the third quarter. Jennison Associates LLC now owns 943,422 shares of the software maker’s stock valued at $142,410,000 after purchasing an additional 70,430 shares during the last quarter. Scge Management L.P. raised its holdings in shares of HubSpot by 25.2% in the second quarter. Scge Management L.P. now owns 795,650 shares of the software maker’s stock valued at $99,775,000 after purchasing an additional 160,200 shares during the last quarter. Wasatch Advisors Inc. raised its holdings in shares of HubSpot by 22.6% in the second quarter. Wasatch Advisors Inc. now owns 598,249 shares of the software maker’s stock valued at $75,020,000 after purchasing an additional 110,198 shares during the last quarter. Finally, Whale Rock Capital Management LLC purchased a new stake in shares of HubSpot in the second quarter valued at about $64,123,000. Institutional investors own 96.36% of the company’s stock.

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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