HubSpot, Inc. (NYSE:HUBS) had its price objective increased by investment analysts at Canaccord Genuity from $8,398.00 to $98.00 in a research report issued on Thursday, November 2nd. The brokerage presently has a “buy” rating on the software maker’s stock. Canaccord Genuity’s price objective suggests a potential upside of 23.35% from the company’s current price.
HUBS has been the topic of several other reports. BidaskClub upgraded shares of HubSpot from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 2nd. TheStreet upgraded shares of HubSpot from a “d” rating to a “c-” rating in a research report on Monday, October 9th. Needham & Company LLC boosted their price target on shares of HubSpot to $95.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. UBS AG restated a “buy” rating and issued a $93.00 price target on shares of HubSpot in a research report on Thursday, November 2nd. Finally, Zacks Investment Research downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $84.82.
HubSpot (NYSE HUBS) traded down $0.50 on Thursday, hitting $79.45. 622,200 shares of the stock were exchanged, compared to its average volume of 413,357. HubSpot has a one year low of $44.90 and a one year high of $88.50. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.55 and a current ratio of 3.55.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, November 1st. The software maker reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.15. HubSpot had a negative net margin of 12.16% and a negative return on equity of 21.93%. The company had revenue of $97.73 million for the quarter, compared to the consensus estimate of $96.50 million. During the same period last year, the company posted ($0.05) EPS. The firm’s quarterly revenue was up 38.4% compared to the same quarter last year. analysts expect that HubSpot will post -0.99 earnings per share for the current year.
In other HubSpot news, insider Hunter Madeley sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $72.80, for a total transaction of $72,800.00. Following the sale, the insider now directly owns 66,887 shares of the company’s stock, valued at $4,869,373.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Dharmesh Shah sold 24,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $84.92, for a total transaction of $2,038,080.00. The disclosure for this sale can be found here. Insiders sold a total of 72,000 shares of company stock worth $5,792,730 over the last three months. 12.10% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC increased its position in shares of HubSpot by 1.1% during the second quarter. FMR LLC now owns 5,481,280 shares of the software maker’s stock valued at $360,394,000 after buying an additional 59,473 shares during the period. Vanguard Group Inc. increased its position in shares of HubSpot by 3.9% during the second quarter. Vanguard Group Inc. now owns 2,626,896 shares of the software maker’s stock valued at $172,718,000 after buying an additional 97,869 shares during the period. Bank of New York Mellon Corp increased its position in shares of HubSpot by 145.0% during the second quarter. Bank of New York Mellon Corp now owns 2,366,568 shares of the software maker’s stock valued at $155,602,000 after buying an additional 1,400,677 shares during the period. BlackRock Inc. increased its position in shares of HubSpot by 82,588.5% in the first quarter. BlackRock Inc. now owns 2,130,883 shares of the software maker’s stock worth $129,025,000 after purchasing an additional 2,128,306 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of HubSpot by 3.5% in the third quarter. First Trust Advisors LP now owns 892,071 shares of the software maker’s stock worth $74,979,000 after purchasing an additional 30,290 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.
HubSpot Company Profile
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.
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