HubSpot (NYSE:HUBS) Price Target Raised to $205.00 at SunTrust Banks

HubSpot (NYSE:HUBS) had its price objective lifted by SunTrust Banks to $205.00 in a report released on Wednesday, May 8th, The Fly reports. They currently have a buy rating on the software maker’s stock.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of HubSpot from a hold rating to a buy rating and set a $170.00 target price on the stock in a report on Monday, January 28th. Bank of America reissued a buy rating and issued a $185.00 price objective (up from $180.00) on shares of HubSpot in a research note on Wednesday, January 23rd. Needham & Company LLC reissued a buy rating and issued a $198.00 price objective (up from $145.00) on shares of HubSpot in a research note on Wednesday, February 13th. Canaccord Genuity boosted their price objective on shares of HubSpot from $160.00 to $190.00 and gave the company a buy rating in a research note on Wednesday, February 13th. Finally, Jefferies Financial Group boosted their price objective on shares of HubSpot to $200.00 and gave the company a buy rating in a research note on Wednesday, February 13th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of Buy and an average price target of $187.53.

Shares of HubSpot stock opened at $173.28 on Wednesday. HubSpot has a 12 month low of $108.39 and a 12 month high of $192.49. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.03 and a quick ratio of 4.03.

HubSpot (NYSE:HUBS) last announced its earnings results on Tuesday, May 7th. The software maker reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.10. The business had revenue of $151.80 million for the quarter, compared to analysts’ expectations of $147.47 million. HubSpot had a negative net margin of 10.81% and a negative return on equity of 10.68%. The company’s quarterly revenue was up 32.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 EPS. As a group, equities research analysts anticipate that HubSpot will post -0.86 earnings per share for the current fiscal year.

In other HubSpot news, insider Hunter Madeley sold 1,138 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $172.75, for a total transaction of $196,589.50. Following the sale, the insider now directly owns 40,663 shares in the company, valued at approximately $7,024,533.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel John P. Kelleher sold 390 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $172.75, for a total transaction of $67,372.50. Following the sale, the general counsel now owns 44,735 shares in the company, valued at $7,727,971.25. The disclosure for this sale can be found here. Insiders have sold a total of 55,763 shares of company stock worth $9,347,576 over the last 90 days. Insiders own 9.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. boosted its position in shares of HubSpot by 10.3% in the 4th quarter. Advisor Group Inc. now owns 1,060 shares of the software maker’s stock worth $133,000 after buying an additional 99 shares in the last quarter. Natixis boosted its position in shares of HubSpot by 7.1% in the 1st quarter. Natixis now owns 2,028 shares of the software maker’s stock worth $331,000 after buying an additional 134 shares in the last quarter. Ffcm LLC purchased a new stake in shares of HubSpot in the 4th quarter worth about $25,000. Harbour Capital Advisors LLC boosted its position in shares of HubSpot by 1.7% in the 4th quarter. Harbour Capital Advisors LLC now owns 12,037 shares of the software maker’s stock worth $1,513,000 after buying an additional 198 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in shares of HubSpot by 13.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,734 shares of the software maker’s stock worth $218,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 94.67% 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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