HubSpot (NYSE:HUBS) Price Target Raised to $260.00 at Guggenheim

HubSpot (NYSE:HUBS) had its target price upped by Guggenheim from $195.00 to $260.00 in a research note issued to investors on Monday morning, The Fly reports.

HUBS has been the topic of several other reports. Raymond James reaffirmed a buy rating and issued a $190.00 price objective on shares of HubSpot in a research report on Thursday, June 4th. JPMorgan Chase & Co. dropped their price objective on HubSpot from $170.00 to $160.00 and set an overweight rating on the stock in a research report on Tuesday, May 5th. Mizuho downgraded HubSpot from a buy rating to a neutral rating and reduced their price objective for the stock from $230.00 to $200.00 in a report on Wednesday, July 8th. Royal Bank of Canada upped their target price on shares of HubSpot from $185.00 to $240.00 and gave the company an outperform rating in a research note on Tuesday, July 21st. Finally, Morgan Stanley lifted their price target on shares of HubSpot from $214.00 to $235.00 and gave the stock an equal weight rating in a research note on Wednesday, July 22nd. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. HubSpot has a consensus rating of Buy and a consensus price target of $210.14.

Shares of HUBS traded down $3.96 during trading hours on Monday, hitting $236.15. The company had a trading volume of 5,903 shares, compared to its average volume of 432,416. The firm has a fifty day moving average price of $224.95 and a 200-day moving average price of $182.66. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.40 and a current ratio of 3.40. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of -166.15 and a beta of 1.59. HubSpot has a 52-week low of $90.83 and a 52-week high of $243.58.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.12. The business had revenue of $199.00 million during the quarter, compared to analyst estimates of $190.89 million. HubSpot had a negative net margin of 8.36% and a negative return on equity of 4.48%. HubSpot’s revenue was up 31.1% compared to the same quarter last year. During the same period last year, the business earned $0.36 EPS. Research analysts anticipate that HubSpot will post -1.58 earnings per share for the current fiscal year.

In related news, Director Ronald S. Gill sold 2,508 shares of HubSpot stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $192.00, for a total transaction of $481,536.00. Following the sale, the director now owns 7,385 shares of the company’s stock, valued at approximately $1,417,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $215.23, for a total value of $1,829,455.00. Following the completion of the transaction, the chief executive officer now owns 711,264 shares of the company’s stock, valued at $153,085,350.72. The disclosure for this sale can be found here. Insiders sold a total of 23,086 shares of company stock valued at $5,090,985 in the last ninety days. 7.40% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. San Francisco Sentry Investment Group CA purchased a new position in HubSpot during the 2nd quarter valued at approximately $27,000. Wealthcare Advisory Partners LLC bought a new position in shares of HubSpot during the 1st quarter valued at approximately $28,000. Nisa Investment Advisors LLC purchased a new position in shares of HubSpot in the first quarter valued at $53,000. Exchange Traded Concepts LLC bought a new stake in HubSpot in the second quarter worth $64,000. Finally, Valeo Financial Advisors LLC raised its stake in HubSpot by 65.1% during the first quarter. Valeo Financial Advisors LLC now owns 624 shares of the software maker’s stock valued at $88,000 after purchasing an additional 246 shares in the last quarter. Institutional investors own 96.90% 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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