HubSpot (NYSE:HUBS) Now Covered by Analysts at Compass Point

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Compass Point started coverage on shares of HubSpot (NYSE:HUBS) in a report published on Tuesday, BenzingaRatingsTable reports. The firm issued a buy rating and a $222.00 price objective on the software maker’s stock.

HUBS has been the subject of several other research reports. Raymond James upped their price objective on shares of HubSpot from $181.00 to $200.00 and gave the stock an outperform rating in a research report on Wednesday, May 8th. Piper Jaffray Companies increased their target price on shares of HubSpot from $185.00 to $200.00 and gave the stock an overweight rating in a report on Tuesday, April 30th. Evercore ISI set a $175.00 target price on shares of HubSpot and gave the stock a hold rating in a report on Wednesday, August 7th. Deutsche Bank increased their target price on shares of HubSpot from $168.00 to $180.00 and gave the stock a hold rating in a report on Wednesday, May 8th. Finally, ValuEngine cut shares of HubSpot from a strong-buy rating to a buy rating in a report on Thursday, August 1st. Nine investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. HubSpot currently has a consensus rating of Buy and an average target price of $189.95.

HUBS stock opened at $192.74 on Tuesday. 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 company has a 50-day simple moving average of $179.09. HubSpot has a 52 week low of $108.39 and a 52 week high of $196.79. The firm has a market capitalization of $8.15 billion, a P/E ratio of -188.96 and a beta of 1.71.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.26) EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $163.30 million for the quarter, compared to the consensus estimate of $157.26 million. During the same period in the prior year, the company posted $0.19 earnings per share. HubSpot’s revenue was up 33.2% compared to the same quarter last year. On average, equities research analysts anticipate that HubSpot will post -0.74 earnings per share for the current fiscal year.

In related news, CEO Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $177.65, for a total value of $1,510,025.00. Following the completion of the transaction, the chief executive officer now owns 753,902 shares in the company, valued at approximately $133,930,690.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Dharmesh Shah sold 29,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $182.30, for a total transaction of $5,286,700.00. Following the completion of the transaction, the insider now owns 1,498,433 shares of the company’s stock, valued at approximately $273,164,335.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 134,187 shares of company stock valued at $23,759,382. 8.30% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of HUBS. Cerebellum GP LLC acquired a new stake in HubSpot during the 1st quarter valued at approximately $325,000. Dimensional Fund Advisors LP increased its position in HubSpot by 17.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 73,066 shares of the software maker’s stock valued at $9,186,000 after purchasing an additional 11,076 shares during the period. AE Wealth Management LLC acquired a new stake in HubSpot during the 2nd quarter valued at approximately $212,000. Strs Ohio increased its position in HubSpot by 9.8% during the 1st quarter. Strs Ohio now owns 6,700 shares of the software maker’s stock valued at $1,113,000 after purchasing an additional 600 shares during the period. Finally, Cooper Haims Advisors LLC acquired a new stake in HubSpot during the 1st quarter valued at approximately $1,964,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

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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