Raymond James restated their outperform rating on shares of HubSpot (NYSE:HUBS) in a research report released on Wednesday.

A number of other analysts have also recently commented on the stock. Cowen set a $170.00 price target on shares of HubSpot and gave the company a hold rating in a research report on Wednesday, August 7th. Royal Bank of Canada raised shares of HubSpot from a sector perform rating to an outperform rating and upped their price target for the company from $187.00 to $230.00 in a research report on Thursday, September 5th. They noted that the move was a valuation call. Compass Point assumed coverage on shares of HubSpot in a research report on Tuesday, August 13th. They set a buy rating and a $222.00 price target on the stock. Canaccord Genuity cut their price target on shares of HubSpot from $210.00 to $170.00 in a research report on Wednesday. Finally, Bank of America set a $215.00 price target on shares of HubSpot and gave the company a buy rating in a research report on Thursday, September 5th. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. HubSpot presently has an average rating of Buy and an average price target of $192.58.

Shares of HubSpot stock opened at $141.33 on Wednesday. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.91. HubSpot has a twelve month low of $108.39 and a twelve month high of $207.98. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of -138.56 and a beta of 1.62. The company’s fifty day moving average is $155.85 and its 200 day moving average is $174.34.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Tuesday, November 5th. The software maker reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.08. HubSpot had a negative net margin of 8.68% and a negative return on equity of 6.15%. The company had revenue of $173.62 million for the quarter, compared to analysts’ expectations of $168.82 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share. HubSpot’s revenue for the quarter was up 31.7% on a year-over-year basis. As a group, equities analysts anticipate that HubSpot will post -0.74 earnings per share for the current fiscal year.

In related news, COO J Donald Sherman sold 25,000 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.63, for a total value of $4,015,750.00. Following the sale, the chief operating officer now owns 111,540 shares in the company, valued at approximately $17,916,670.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kathryn Bueker sold 544 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $149.50, for a total transaction of $81,328.00. Following the completion of the sale, the chief financial officer now owns 37,003 shares in the company, valued at approximately $5,531,948.50. The disclosure for this sale can be found here. Insiders have sold a total of 51,044 shares of company stock worth $8,512,063 in the last three months. Insiders own 8.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Investment Advisory Services LLC acquired a new stake in shares of HubSpot in the 2nd quarter worth about $36,000. Brookfield Asset Management Inc. acquired a new stake in shares of HubSpot in the 2nd quarter worth about $512,000. Vanguard Group Inc. raised its holdings in shares of HubSpot by 8.0% in the 2nd quarter. Vanguard Group Inc. now owns 4,143,177 shares of the software maker’s stock worth $706,494,000 after acquiring an additional 308,282 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of HubSpot in the 2nd quarter worth about $567,000. Finally, Aperio Group LLC raised its holdings in shares of HubSpot by 10.3% in the 2nd quarter. Aperio Group LLC now owns 7,904 shares of the software maker’s stock worth $1,348,000 after acquiring an additional 741 shares during the last quarter. Institutional investors own 92.53% of the company’s stock.

About HubSpot

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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Analyst Recommendations for HubSpot (NYSE:HUBS)

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