HubSpot (NYSE:HUBS) Research Coverage Started at Goldman Sachs Group

Research analysts at Goldman Sachs Group assumed coverage on shares of HubSpot (NYSE:HUBS) in a report released on Friday, June 7th, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $223.00 price target on the software maker’s stock. Goldman Sachs Group’s target price indicates a potential upside of 27.60% from the company’s previous close.

A number of other equities analysts have also recently issued reports on HUBS. Guggenheim restated a “buy” rating on shares of HubSpot in a report on Wednesday, March 20th. Jefferies Financial Group lifted their price objective on HubSpot to $200.00 and gave the company a “buy” rating in a research report on Wednesday, February 13th. Bank of America boosted their price target on HubSpot from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th. Stifel Nicolaus lifted their price objective on HubSpot from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, Royal Bank of Canada lifted their price objective on HubSpot from $167.00 to $187.00 and gave the stock a “sector perform” rating in a research note on Monday, May 6th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. HubSpot currently has a consensus rating of “Buy” and an average price target of $189.50.

Shares of NYSE:HUBS traded up $4.24 on Friday, hitting $174.76. The company had a trading volume of 612,445 shares, compared to its average volume of 585,191. HubSpot has a 52-week low of $108.39 and a 52-week high of $192.49. The business has a 50 day moving average of $177.60. The company has a debt-to-equity ratio of 0.83, a quick ratio of 4.03 and a current ratio of 4.03. The firm has a market capitalization of $7.18 billion, a P/E ratio of -171.33 and a beta of 1.72.

HubSpot (NYSE:HUBS) last released its earnings results on Tuesday, May 7th. The software maker reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.10. HubSpot had a negative return on equity of 10.68% and a negative net margin of 10.81%. The company had revenue of $151.80 million for the quarter, compared to the consensus estimate of $147.47 million. During the same quarter last year, the business posted $0.15 EPS. HubSpot’s quarterly revenue was up 32.5% compared to the same quarter last year. On average, research analysts predict that HubSpot will post -0.86 EPS for the current fiscal year.

In other news, CFO Kathryn Bueker sold 836 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $166.51, for a total value of $139,202.36. Following the completion of the sale, the chief financial officer now directly owns 42,428 shares of the company’s stock, valued at approximately $7,064,686.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO J Donald Sherman sold 25,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $173.76, for a total transaction of $4,344,000.00. Following the completion of the sale, the chief operating officer now directly owns 114,008 shares of the company’s stock, valued at $19,810,030.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,275 shares of company stock valued at $6,833,989. 8.30% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. TIAA CREF Investment Management LLC grew its holdings in HubSpot by 358.0% during the third quarter. TIAA CREF Investment Management LLC now owns 362,839 shares of the software maker’s stock worth $54,771,000 after acquiring an additional 283,609 shares during the period. Vanguard Group Inc grew its holdings in HubSpot by 3.1% in the third quarter. Vanguard Group Inc now owns 3,171,764 shares of the software maker’s stock valued at $478,778,000 after purchasing an additional 95,762 shares during the last quarter. CWM LLC acquired a new stake in HubSpot in the fourth quarter valued at $40,000. Xact Kapitalforvaltning AB grew its holdings in HubSpot by 43.7% in the fourth quarter. Xact Kapitalforvaltning AB now owns 8,544 shares of the software maker’s stock valued at $1,074,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in HubSpot by 78.4% in the fourth quarter. Advisors Asset Management Inc. now owns 5,988 shares of the software maker’s stock valued at $753,000 after purchasing an additional 2,631 shares during the last quarter. 94.60% of the stock is owned by institutional investors.

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.

Recommended Story: How to start trading in the forex market?

Analyst Recommendations for HubSpot (NYSE:HUBS)

Receive News & Ratings for HubSpot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HubSpot and related companies with MarketBeat.com's FREE daily email newsletter.