A number of other analysts have also weighed in on the company recently. Truist Financial reduced its price target on HubSpot from $900.00 to $700.00 and set a Buy rating for the company in a Friday, February 11 report. BMO Capital Markets cut its price target on HubSpot from $675.00 to $485.00 and set an outperform rating for the company in a Friday, April 22 report. Mizuho cut its price target on HubSpot from $625.00 to $450.00 and set a buy rating for the company in a report released on Friday. StockNews.com launched coverage on HubSpot stocks in a research report on Thursday, March 31. They have set a holding rating on the stock. Finally, UBS Group cut its price target on HubSpot shares from $675.00 to $450.00 in a research report on Friday. Three investment analysts have assigned the stock a hold rating, nineteen have issued a buy rating and one has assigned the stock a strong buy rating. According to MarketBeat.com, the company currently has an average buy rating and consensus price target of $667.08.
NYSE DIVISIONS traded at $15.17 on Friday, reaching $356.38. The company had a trading volume of 2,256,230 shares, compared to an average volume of 603,690. The company has a market capitalization of $17.01 billion, a price-earnings ratio of -260.13 and a beta of 1.70. HubSpot has a fifty-two week minimum of $325.97 and a fifty-two week maximum of $866.00. The company has a 50-day moving average of $442.77 and a two-hundred-day moving average of $575.98. The company has a debt ratio of 0.44, a current ratio of 2.35 and a quick ratio of 2.35.
HubSpot (NYSE: HUBS – Get a rating) last released its quarterly earnings data on Thursday, May 5. The software maker reported earnings per share of $0.54 for the quarter, beating consensus analyst estimates of $0.47 by $0.07. The company posted revenue of $395.60 million in the quarter, versus a consensus estimate of $383.05 million. HubSpot posted a negative return on equity of 7.63% and a negative net margin of 5.98%. HubSpot’s quarterly revenue increased 40.6% year over year. In the same period a year earlier, the company posted ($0.29) earnings per share. As a group, research analysts predict HubSpot will post -2.7 earnings per share for the current fiscal year.
In other news, Insider Brian Halligan sold 11,520 HubSpot shares in a trade on Tuesday, March 15. The shares were sold at an average price of $392.80, for a total transaction of $4,525,056.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Also, CEO Yamini Rangan sold 874 HubSpot shares in a trade on Tuesday, April 19. The stock was sold at an average price of $450.00, for a total transaction of $393,300.00. As a result of the sale, the CEO now directly owns 59,650 shares of the company, valued at $26,842,500. Disclosure of this sale can be found here. In the past three months, insiders have sold 12,594 shares of the company valued at $5,011,758. Insiders hold 8.30% of the shares of the company.
Several hedge funds and other institutional investors have recently bought and sold shares of HUBS. Jennison Associates LLC increased its equity stake in HubSpot by 141.3% during Q3. Jennison Associates LLC now owns 1,682,828 shares of the software maker worth $1,137,743,000 after acquiring 985,452 additional shares in the last quarter. Norges Bank bought a new stake in HubSpot in the fourth quarter worth $261,886,000. Allspring Global Investments Holdings LLC bought a new stake in HubSpot in the fourth quarter worth $203,440,000. TD Asset Management Inc. increased its stake in HubSpot by 134.6% in the fourth quarter. TD Asset Management Inc. now owns 389,830 shares of the software maker worth $256,956,000 after buying an additional 223,682 shares last quarter. Finally, Millennium Management LLC increased its stake in HubSpot by 378.7% in the fourth quarter. Millennium Management LLC now owns 152,461 shares of the software maker worth $100,495,000 after buying an additional 120,612 shares in the last quarter. 91.82% of the shares are held by institutional investors.
About HubSpot (Get a rating)
HubSpot, Inc provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and Asia-Pacific. The company’s CRM platform includes marketing, sales, service and content management systems, as well as integrated applications, such as search engine optimization, blogging, content management website, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing tools and support, NPS customer surveys, analytics and reports.
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