Raymond James reaffirmed their outperform rating on shares of HubSpot (NYSE:HUBS) in a research report sent to investors on Wednesday morning.

HUBS has been the topic of a number of other research reports. Morgan Stanley raised their target price on HubSpot from $175.00 to $186.00 and gave the stock an equal weight rating in a report on Wednesday, August 7th. Jefferies Financial Group reduced their target price on HubSpot from $230.00 to $190.00 and set a buy rating on the stock in a report on Wednesday. Needham & Company LLC reduced their target price on HubSpot to $182.00 and set a buy rating on the stock in a report on Wednesday. KeyCorp restated a hold rating on shares of HubSpot in a report on Wednesday, September 4th. Finally, Royal Bank of Canada upgraded HubSpot from a sector perform rating to an outperform rating and raised their target price for the stock from $187.00 to $230.00 in a report on Thursday, September 5th. They noted that the move was a valuation call. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $192.58.

HUBS traded down $1.36 during midday trading on Wednesday, reaching $141.33. 601,938 shares of the company were exchanged, compared to its average volume of 585,708. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.97 and a current ratio of 3.97. HubSpot has a one year low of $108.39 and a one year high of $207.98. The stock has a market capitalization of $6.44 billion, a P/E ratio of -138.56 and a beta of 1.62. The stock’s 50-day simple moving average is $155.85 and its 200 day simple moving average is $174.34.

HubSpot (NYSE:HUBS) last issued its earnings results on Tuesday, November 5th. The software maker reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.08. HubSpot had a negative return on equity of 6.15% and a negative net margin of 8.68%. The firm had revenue of $173.62 million for the quarter, compared to analysts’ expectations of $168.82 million. During the same quarter last year, the business earned $0.17 earnings per share. The company’s revenue was up 31.7% compared to the same quarter last year. On average, research analysts anticipate that HubSpot will post -0.74 earnings per share for the current year.

In other news, CEO Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $164.48, for a total transaction of $1,398,080.00. Following the sale, the chief executive officer now owns 718,042 shares of the company’s stock, valued at $118,103,548.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Kathryn Bueker sold 544 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $149.50, for a total value of $81,328.00. Following the sale, the chief financial officer now directly owns 37,003 shares in the company, valued at approximately $5,531,948.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,044 shares of company stock worth $8,512,063. 8.30% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Capital Investment Advisory Services LLC acquired a new stake in HubSpot in the 2nd quarter valued at approximately $36,000. Brookfield Asset Management Inc. acquired a new stake in HubSpot in the 2nd quarter valued at approximately $512,000. Vanguard Group Inc. raised its position in HubSpot by 8.0% in the 2nd quarter. Vanguard Group Inc. now owns 4,143,177 shares of the software maker’s stock valued at $706,494,000 after buying an additional 308,282 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in HubSpot in the 2nd quarter valued at approximately $567,000. Finally, Aperio Group LLC raised its position in HubSpot by 10.3% in the 2nd quarter. Aperio Group LLC now owns 7,904 shares of the software maker’s stock valued at $1,348,000 after buying an additional 741 shares during the last quarter. 92.53% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for HubSpot (NYSE:HUBS)

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