Raymond James Boosts HubSpot (HUBS) Price Target to $155.00

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HubSpot (NYSE:HUBS) had its target price upped by equities researchers at Raymond James from $150.00 to $155.00 in a research report issued to clients and investors on Thursday. The brokerage currently has an “outperform” rating on the software maker’s stock. Raymond James’ target price would indicate a potential upside of 14.53% from the stock’s current price.

Several other brokerages also recently weighed in on HUBS. Summit Insights reissued a “hold” rating on shares of HubSpot in a research note on Thursday, September 6th. UBS Group assumed coverage on shares of HubSpot in a research note on Thursday, October 4th. They issued a “buy” rating for the company. Rosenblatt Securities assumed coverage on shares of HubSpot in a research note on Thursday, October 4th. They issued a “buy” rating and a $170.00 target price for the company. Jefferies Financial Group assumed coverage on shares of HubSpot in a research note on Tuesday, October 2nd. They issued a “buy” rating and a $182.00 target price for the company. Finally, Morgan Stanley boosted their target price on shares of HubSpot from $119.00 to $148.00 and gave the company an “equal weight” rating in a research note on Friday, September 7th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $147.07.

Shares of HUBS stock opened at $135.34 on Thursday. HubSpot has a twelve month low of $73.15 and a twelve month high of $162.20. The stock has a market capitalization of $5.59 billion, a P/E ratio of -132.69 and a beta of 1.92. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.26 and a quick ratio of 3.26.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 7th. The software maker reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.37). HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.34%. The firm had revenue of $131.83 million during the quarter, compared to analyst estimates of $126.65 million. During the same period in the previous year, the firm posted $0.03 EPS. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. On average, analysts expect that HubSpot will post -1.09 EPS for the current year.

In other news, insider Dharmesh Shah sold 30,000 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $125.59, for a total transaction of $3,767,700.00. Following the completion of the transaction, the insider now owns 1,596,983 shares of the company’s stock, valued at approximately $200,565,094.97. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Hunter Madeley sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $137.61, for a total transaction of $137,610.00. Following the transaction, the insider now directly owns 36,797 shares of the company’s stock, valued at approximately $5,063,635.17. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 118,680 shares of company stock valued at $17,154,954. Corporate insiders own 9.60% of the company’s stock.

Several large investors have recently modified their holdings of the company. First Trust Advisors LP grew its holdings in shares of HubSpot by 7.1% during the 2nd quarter. First Trust Advisors LP now owns 1,079,990 shares of the software maker’s stock worth $135,431,000 after purchasing an additional 71,931 shares during the period. Jennison Associates LLC grew its holdings in shares of HubSpot by 8.1% during the 3rd quarter. Jennison Associates LLC now owns 943,422 shares of the software maker’s stock worth $142,410,000 after purchasing an additional 70,430 shares during the period. Scge Management L.P. grew its holdings in shares of HubSpot by 25.2% during the 2nd quarter. Scge Management L.P. now owns 795,650 shares of the software maker’s stock worth $99,775,000 after purchasing an additional 160,200 shares during the period. Wasatch Advisors Inc. grew its holdings in shares of HubSpot by 22.6% during the 2nd quarter. Wasatch Advisors Inc. now owns 598,249 shares of the software maker’s stock worth $75,020,000 after purchasing an additional 110,198 shares during the period. Finally, Whale Rock Capital Management LLC purchased a new stake in shares of HubSpot during the 2nd quarter worth about $64,123,000. Institutional investors and hedge funds own 96.36% 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. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.

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Analyst Recommendations for HubSpot (NYSE:HUBS)

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