ValuEngine upgraded shares of HubSpot (NYSE:HUBS) from a buy rating to a strong-buy rating in a research report sent to investors on Thursday, ValuEngine reports.

A number of other equities analysts also recently weighed in on HUBS. KeyCorp reaffirmed a hold rating on shares of HubSpot in a research note on Wednesday, September 4th. Cowen set a $170.00 price target on shares of HubSpot and gave the stock a hold rating in a research note on Wednesday, August 7th. Royal Bank of Canada raised shares of HubSpot from a sector perform rating to an outperform rating and increased their price target for the stock from $187.00 to $230.00 in a research note on Thursday, September 5th. They noted that the move was a valuation call. UBS Group started coverage on shares of HubSpot in a research note on Tuesday, August 13th. They set a buy rating on the stock. Finally, Evercore ISI set a $175.00 price target on shares of HubSpot and gave the stock a hold rating in a research note on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $196.60.

NYSE HUBS traded down $6.27 during mid-day trading on Thursday, reaching $164.11. 50,500 shares of the stock were exchanged, compared to its average volume of 491,346. HubSpot has a 1-year low of $108.39 and a 1-year high of $207.98. The business’s fifty day simple moving average is $188.52 and its 200 day simple moving average is $177.04. The stock has a market capitalization of $7.17 billion, a PE ratio of -160.89 and a beta of 1.67. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.97 and a current ratio of 3.97.

HubSpot (NYSE:HUBS) last announced its earnings results on Tuesday, August 6th. The software maker reported ($0.26) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.07. HubSpot had a negative net margin of 9.92% and a negative return on equity of 7.93%. The firm had revenue of $163.30 million for the quarter, compared to analyst estimates of $157.26 million. During the same quarter last year, the business earned $0.19 earnings per share. HubSpot’s revenue was up 33.2% compared to the same quarter last year. On average, analysts anticipate that HubSpot will post -0.74 EPS for the current year.

In other news, COO J Donald Sherman sold 25,000 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $173.76, for a total value of $4,344,000.00. Following the transaction, the chief operating officer now owns 114,008 shares of the company’s stock, valued at approximately $19,810,030.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $191.99, for a total transaction of $1,631,915.00. Following the completion of the transaction, the chief executive officer now directly owns 743,404 shares in the company, valued at approximately $142,726,133.96. The disclosure for this sale can be found here. In the last three months, insiders sold 141,147 shares of company stock worth $25,137,197. Insiders own 8.30% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in HubSpot by 8.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,143,177 shares of the software maker’s stock worth $706,494,000 after buying an additional 308,282 shares during the period. First Trust Advisors LP increased its stake in HubSpot by 13.4% during the 2nd quarter. First Trust Advisors LP now owns 1,025,986 shares of the software maker’s stock worth $174,951,000 after buying an additional 121,162 shares during the period. Wasatch Advisors Inc. increased its stake in HubSpot by 2.5% during the 1st quarter. Wasatch Advisors Inc. now owns 502,406 shares of the software maker’s stock worth $83,505,000 after buying an additional 12,461 shares during the period. Geode Capital Management LLC increased its stake in HubSpot by 9.8% during the 4th quarter. Geode Capital Management LLC now owns 382,570 shares of the software maker’s stock worth $48,100,000 after buying an additional 34,178 shares during the period. Finally, Nuveen Asset Management LLC purchased a new stake in HubSpot during the 2nd quarter worth $61,888,000. 93.21% of the stock is currently 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. 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for HubSpot (NYSE:HUBS)

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