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

Several other equities analysts also recently commented on the stock. Bank of America set a $215.00 price target on shares of HubSpot and gave the stock a buy rating in a research note on Thursday, September 5th. Raymond James boosted their target price on shares of HubSpot from $200.00 to $210.00 and gave the stock an outperform rating in a research note on Thursday, September 5th. Jefferies Financial Group boosted their target price on shares of HubSpot from $200.00 to $230.00 and gave the stock a buy rating in a research note on Thursday, September 5th. Morgan Stanley boosted their target price on shares of HubSpot from $175.00 to $186.00 and gave the stock an equal weight rating in a research note on Wednesday, August 7th. Finally, Cowen set a $170.00 target price 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 issued a strong buy rating to the company. The company has an average rating of Buy and an average target price of $196.60.

Shares of NYSE:HUBS traded down $6.27 during trading on Thursday, hitting $164.11. The company’s stock had a trading volume of 50,500 shares, compared to its average volume of 491,346. The business has a 50 day moving average price of $188.52 and a two-hundred day moving average price of $177.04. The company 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 has a fifty-two week low of $108.39 and a fifty-two week high of $207.98.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.26) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.07. The business had revenue of $163.30 million during the quarter, compared to the consensus estimate of $157.26 million. HubSpot had a negative net margin of 9.92% and a negative return on equity of 7.93%. The company’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 earnings per share. As a group, equities analysts expect that HubSpot will post -0.74 earnings per share for the current fiscal year.

In other HubSpot news, insider Hunter Madeley sold 1,008 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $174.65, for a total value of $176,047.20. Following the completion of the transaction, the insider now owns 33,817 shares in the company, valued at $5,906,139.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $177.65, for a total transaction of $1,510,025.00. Following the completion of the transaction, the chief executive officer now owns 753,902 shares of the company’s stock, valued at approximately $133,930,690.30. The disclosure for this sale can be found here. Insiders sold 141,147 shares of company stock valued at $25,137,197 in the last 90 days. 8.30% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in HUBS. Dimensional Fund Advisors LP raised its holdings in shares of HubSpot by 17.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 73,066 shares of the software maker’s stock valued at $9,186,000 after buying an additional 11,076 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of HubSpot by 9.8% in the fourth quarter. Geode Capital Management LLC now owns 382,570 shares of the software maker’s stock valued at $48,100,000 after buying an additional 34,178 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of HubSpot in the first quarter valued at about $623,000. Comerica Bank purchased a new stake in shares of HubSpot in the first quarter valued at about $203,000. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of HubSpot by 11.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 21,660 shares of the software maker’s stock valued at $3,600,000 after buying an additional 2,150 shares during the last quarter. 93.21% of the stock is 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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Analyst Recommendations for HubSpot (NYSE:HUBS)

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