HubSpot (NYSE:HUBS) Price Target Increased to $103.00 by Analysts at UBS

HubSpot (NYSE:HUBS) had its price objective hoisted by UBS from $84.00 to $103.00 in a research report sent to investors on Thursday, November 9th, www.benzinga.com reports. The brokerage currently has a buy rating on the software maker’s stock.

A number of other equities research analysts have also issued reports on HUBS. Cowen upped their price objective on shares of HubSpot from $69.00 to $76.00 and gave the company a market perform rating in a report on Thursday, September 28th. KeyCorp reissued a buy rating and issued a $86.00 price objective on shares of HubSpot in a report on Wednesday, September 27th. Oppenheimer reissued a buy rating on shares of HubSpot in a report on Wednesday, August 9th. Canaccord Genuity upped their price objective on shares of HubSpot from $80.00 to $83.00 and gave the company a buy rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research lowered shares of HubSpot from a buy rating to a hold rating in a research note on Tuesday, August 8th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $84.82.

Shares of HubSpot (HUBS) opened at $82.70 on Thursday. 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 has a 1-year low of $44.90 and a 1-year high of $88.50.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 1st. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $97.73 million during the quarter, compared to analyst estimates of $96.50 million. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. HubSpot’s quarterly revenue was up 38.4% on a year-over-year basis. analysts expect that HubSpot will post -0.99 earnings per share for the current fiscal year.

In other news, insider Dharmesh Shah sold 20,000 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the sale, the insider now owns 1,716,316 shares of the company’s stock, valued at $126,320,857.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Hunter Madeley sold 1,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was 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 in the company, valued at approximately $4,869,373.60. The disclosure for this sale can be found here. Insiders have sold 72,000 shares of company stock worth $5,792,730 in the last three months. Corporate insiders own 12.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of HUBS. BlackRock Inc. lifted its position in shares of HubSpot by 82,588.5% during 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 in the last quarter. Bank of New York Mellon Corp raised its holdings in HubSpot by 145.0% in 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 acquiring an additional 1,400,677 shares in the last quarter. Harbour Capital Advisors LLC raised its holdings in HubSpot by 15,658.6% in the second quarter. Harbour Capital Advisors LLC now owns 724,894 shares of the software maker’s stock valued at $11,025,000 after acquiring an additional 720,294 shares in the last quarter. Frontier Capital Management Co. LLC acquired a new stake in HubSpot in the second quarter valued at approximately $23,440,000. Finally, Lord Abbett & CO. LLC raised its holdings in HubSpot by 74.6% in the second quarter. Lord Abbett & CO. LLC now owns 474,251 shares of the software maker’s stock valued at $31,182,000 after acquiring an additional 202,640 shares in the last quarter. 93.23% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for HubSpot (NYSE:HUBS)

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