HubSpot (NYSE:HUBS) Receives New Coverage from Analysts at UBS Group

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UBS Group started coverage on shares of HubSpot (NYSE:HUBS) in a research report released on Tuesday, The Fly reports. The firm issued a buy rating on the software maker’s stock.

Other equities analysts have also issued research reports about the stock. Goldman Sachs Group initiated coverage on shares of HubSpot in a report on Friday, June 7th. They issued a buy rating and a $223.00 price objective on the stock. Stephens set a $198.00 price objective on shares of HubSpot and gave the stock a buy rating in a report on Wednesday, May 8th. Royal Bank of Canada upped their target price on shares of HubSpot from $167.00 to $187.00 and gave the company a sector perform rating in a research note on Monday, May 6th. Morgan Stanley upped their target price on shares of HubSpot from $175.00 to $186.00 and gave the company an equal weight rating in a research note on Wednesday, August 7th. Finally, Evercore ISI set a $175.00 target price on shares of HubSpot and gave the company a hold rating in a research note on Wednesday, August 7th. Nine research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. HubSpot currently has an average rating of Buy and an average price target of $189.95.

Shares of HUBS stock opened at $192.74 on Tuesday. HubSpot has a 12 month low of $108.39 and a 12 month high of $196.79. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.97 and a quick ratio of 3.97. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of -188.96 and a beta of 1.71. The business has a fifty day moving average price of $179.09.

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

In other HubSpot news, General Counsel John P. Kelleher sold 390 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $165.00, for a total value of $64,350.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Dharmesh Shah sold 31,000 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $174.00, for a total transaction of $5,394,000.00. Following the completion of the transaction, the chief technology officer now owns 1,529,718 shares of the company’s stock, valued at approximately $266,170,932. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 134,187 shares of company stock valued at $23,759,382. Insiders own 8.30% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Cerebellum GP LLC bought a new position in shares of HubSpot in the first quarter valued at approximately $325,000. Dimensional Fund Advisors LP boosted 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 acquiring an additional 11,076 shares in the last quarter. AE Wealth Management LLC bought a new position in shares of HubSpot in the second quarter valued at approximately $212,000. Strs Ohio boosted its holdings in shares of HubSpot by 9.8% in the first quarter. Strs Ohio now owns 6,700 shares of the software maker’s stock valued at $1,113,000 after acquiring an additional 600 shares in the last quarter. Finally, Cooper Haims Advisors LLC bought a new position in shares of HubSpot in the first quarter valued at approximately $1,964,000. Institutional investors and hedge funds own 95.36% 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. 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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