HubSpot (NYSE:HUBS) had its price target lifted by Needham & Company LLC to $160.00 in a research report sent to investors on Thursday, The Fly reports. They currently have a buy rating on the software maker’s stock.

Other research analysts also recently issued research reports about the company. UBS Group lifted their price target on HubSpot from $132.00 to $150.00 and gave the company an outperform rating in a report on Thursday. Canaccord Genuity lifted their price target on HubSpot from $140.00 to $160.00 and gave the company a buy rating in a report on Thursday. Zacks Investment Research downgraded HubSpot from a buy rating to a hold rating in a report on Tuesday, August 7th. Royal Bank of Canada lifted their price target on HubSpot to $141.00 and gave the company a sector perform rating in a report on Tuesday, July 31st. Finally, Stifel Nicolaus lifted their price target on HubSpot from $122.00 to $136.00 and gave the company a buy rating in a report on Thursday, June 14th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $127.33.

Shares of HUBS stock traded up $7.05 on Thursday, reaching $154.30. 12,562 shares of the company’s stock traded hands, compared to its average volume of 401,057. HubSpot has a 12-month low of $71.00 and a 12-month high of $147.60. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of -145.78 and a beta of 1.95.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, August 1st. The software maker reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. HubSpot had a negative return on equity of 17.00% and a negative net margin of 12.64%. The business had revenue of $122.60 million for the quarter, compared to the consensus estimate of $117.75 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. HubSpot’s revenue for the quarter was up 37.6% compared to the same quarter last year. sell-side analysts predict that HubSpot will post -1.1 EPS for the current year.

In other HubSpot news, General Counsel John P. Kelleher sold 508 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $144.75, for a total value of $73,533.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel John P. Kelleher sold 408 shares of the business’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $120.00, for a total value of $48,960.00. Following the completion of the transaction, the general counsel now owns 40,646 shares in the company, valued at approximately $4,877,520. The disclosure for this sale can be found here. Insiders sold 128,342 shares of company stock worth $16,794,506 in the last 90 days. Corporate insiders own 9.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio grew its stake in HubSpot by 35.6% in the second quarter. Public Employees Retirement System of Ohio now owns 28,382 shares of the software maker’s stock valued at $3,559,000 after purchasing an additional 7,448 shares in the last quarter. Global X Management Co LLC purchased a new position in HubSpot in the second quarter valued at about $172,000. Millennium Management LLC grew its stake in HubSpot by 84.0% in the second quarter. Millennium Management LLC now owns 52,334 shares of the software maker’s stock valued at $6,563,000 after purchasing an additional 23,893 shares in the last quarter. Scge Management L.P. grew its stake in HubSpot by 25.2% in 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 in the last quarter. Finally, Soros Fund Management LLC purchased a new position in HubSpot in the second quarter valued at about $16,611,000. Hedge funds and other institutional investors own 96.39% 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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