HubSpot (NYSE:HUBS) had its target price lifted by research analysts at Oppenheimer from $150.00 to $160.00 in a note issued to investors on Thursday, The Fly reports. The firm presently has an “outperform” rating on the software maker’s stock. Oppenheimer’s target price would indicate a potential upside of 18.22% from the company’s previous close.

HUBS has been the subject of a number of other research reports. UBS Group reiterated a “buy” rating on shares of HubSpot in a research report on Tuesday, August 7th. Bank of America increased their target price on shares of HubSpot to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Needham & Company LLC raised their price objective on shares of HubSpot from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Royal Bank of Canada raised their price objective on shares of HubSpot from $138.00 to $147.00 and gave the company a “sector perform” rating in a research report on Thursday. Finally, Canaccord Genuity raised their price objective on shares of HubSpot from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, September 6th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $147.07.

Shares of NYSE:HUBS opened at $135.34 on Thursday. 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 has a twelve month low of $73.15 and a twelve month high of $162.20.

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

In other HubSpot news, insider Hunter Madeley sold 1,000 shares of HubSpot stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $137.61, for a total transaction of $137,610.00. Following the completion of the sale, the insider now directly owns 36,797 shares in the company, valued at $5,063,635.17. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Dharmesh Shah sold 30,000 shares of HubSpot stock in a transaction that occurred on 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 sale, the insider now owns 1,596,983 shares of the company’s stock, valued at $200,565,094.97. The disclosure for this sale can be found here. Insiders sold 118,680 shares of company stock valued at $17,154,954 over the last 90 days. 9.60% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. First Trust Advisors LP lifted its position in HubSpot by 7.1% during the second quarter. First Trust Advisors LP now owns 1,079,990 shares of the software maker’s stock valued at $135,431,000 after purchasing an additional 71,931 shares during the last quarter. Jennison Associates LLC lifted its position in HubSpot by 8.1% during the third quarter. Jennison Associates LLC now owns 943,422 shares of the software maker’s stock valued at $142,410,000 after purchasing an additional 70,430 shares during the last quarter. Scge Management L.P. lifted its position in HubSpot by 25.2% during the second quarter. Scge Management L.P. now owns 795,650 shares of the software maker’s stock valued at $99,775,000 after purchasing an additional 160,200 shares during the last quarter. Wasatch Advisors Inc. lifted its position in HubSpot by 22.6% during the second quarter. Wasatch Advisors Inc. now owns 598,249 shares of the software maker’s stock valued at $75,020,000 after purchasing an additional 110,198 shares during the last quarter. Finally, Whale Rock Capital Management LLC bought a new stake in HubSpot during the second quarter valued at approximately $64,123,000. Institutional investors and hedge funds own 96.36% 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. 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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The Fly

Analyst Recommendations for HubSpot (NYSE:HUBS)

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