Needham & Company LLC Boosts HubSpot, Inc. (HUBS) Price Target to $95.00
HubSpot, Inc. (NYSE:HUBS) had its price target lifted by Needham & Company LLC to $95.00 in a research report report published on Thursday. The firm currently has a buy rating on the software maker’s stock.
Several other equities analysts have also weighed in on HUBS. Cowen and Company increased 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. UBS AG restated an outperform rating and issued a $80.00 price objective (up from $78.00) on shares of HubSpot in a report on Wednesday, August 9th. KeyCorp reiterated a buy rating and issued a $86.00 target price on shares of HubSpot in a report on Wednesday, September 27th. Oppenheimer Holdings, Inc. reiterated a buy rating on shares of HubSpot in a report on Wednesday, August 9th. Finally, Canaccord Genuity increased their target price on shares of HubSpot from $80.00 to $83.00 and gave the stock a buy rating in a report on Thursday, August 3rd. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. HubSpot currently has an average rating of Buy and an average target price of $83.78.
Shares of HubSpot (NYSE HUBS) traded down $2.65 during mid-day trading on Thursday, hitting $83.60. 636,206 shares of the stock were exchanged, compared to its average volume of 365,123. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.67 and a current ratio of 3.55.
HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 1st. The software maker reported $0.03 earnings per share (EPS) for the quarter, topping 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 company had revenue of $97.73 million for the quarter, compared to analyst estimates of $96.50 million. During the same period in the prior year, the business earned ($0.05) earnings per share. HubSpot’s quarterly revenue was up 38.4% on a year-over-year basis. research analysts anticipate that HubSpot will post -0.24 EPS for the current fiscal year.
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In other HubSpot news, insider Hunter Madeley sold 1,000 shares of HubSpot stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $87.15, for a total value of $87,150.00. Following the completion of the sale, the insider now owns 61,926 shares in the company, valued at approximately $5,396,850.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Kinzer sold 15,000 shares of HubSpot stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $67.23, for a total transaction of $1,008,450.00. Following the completion of the sale, the chief financial officer now owns 92,380 shares of the company’s stock, valued at approximately $6,210,707.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,000 shares of company stock valued at $3,512,250. 12.10% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of HUBS. ETF Managers Group LLC acquired a new position in shares of HubSpot in the 2nd quarter valued at approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of HubSpot by 136.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,720 shares of the software maker’s stock valued at $113,000 after buying an additional 994 shares in the last quarter. Sei Investments Co. raised its position in shares of HubSpot by 41.3% in the 2nd quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock valued at $142,000 after buying an additional 631 shares in the last quarter. Independent Portfolio Consultants Inc. raised its position in shares of HubSpot by 168.8% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,903 shares of the software maker’s stock valued at $191,000 after buying an additional 1,823 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its holdings in shares of HubSpot by 18.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,955 shares of the software maker’s stock valued at $194,000 after purchasing an additional 462 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.
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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