HubSpot (NYSE:HUBS) PT Raised to $875.00 at Jefferies Financial Group

HubSpot (NYSE:HUBS) had its price target raised by Jefferies Financial Group from $690.00 to $875.00 in a research note published on Wednesday, The Fly reports. Jefferies Financial Group currently has a buy rating on the software maker’s stock.

HUBS has been the subject of a number of other reports. KeyCorp raised their target price on HubSpot from $697.00 to $711.00 and gave the stock an overweight rating in a research note on Thursday, August 5th. Royal Bank of Canada raised their target price on HubSpot from $610.00 to $925.00 and gave the stock an outperform rating in a research note on Wednesday. Wells Fargo & Company raised their target price on HubSpot from $675.00 to $750.00 and gave the stock an overweight rating in a research note on Monday. Bank of America reissued a buy rating and set a $577.95 price objective (down from $630.00) on shares of HubSpot in a research report on Monday, July 26th. Finally, Citigroup raised their price objective on HubSpot from $655.00 to $750.00 and gave the stock a buy rating in a research report on Thursday, August 5th. Twenty-two research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Buy and a consensus price target of $763.48.

Shares of HUBS stock opened at $786.25 on Wednesday. The stock’s fifty day moving average is $682.63 and its two-hundred day moving average is $586.89. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.53 and a current ratio of 2.53. The firm has a market capitalization of $36.96 billion, a P/E ratio of -422.71 and a beta of 1.67. HubSpot has a fifty-two week low of $283.87 and a fifty-two week high of $814.90.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, August 4th. The software maker reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.11. HubSpot had a negative return on equity of 7.35% and a negative net margin of 7.98%. The company had revenue of $310.80 million for the quarter, compared to analyst estimates of $296.01 million. During the same quarter last year, the firm posted $0.30 EPS. The firm’s revenue for the quarter was up 52.7% on a year-over-year basis. On average, equities analysts forecast that HubSpot will post -1.5 earnings per share for the current year.

In other news, CFO Kathryn Bueker sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, October 6th. The stock was sold at an average price of $640.00, for a total value of $384,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian Halligan sold 11,520 shares of the company’s stock in a transaction on Tuesday, September 21st. The stock was sold at an average price of $686.85, for a total value of $7,912,512.00. The disclosure for this sale can be found here. In the last three months, insiders sold 33,567 shares of company stock worth $21,130,215. Corporate insiders own 6.00% of the company’s stock.

A number of hedge funds have recently made changes to their positions in HUBS. HighTower Advisors LLC grew its holdings in HubSpot by 11.5% during the first quarter. HighTower Advisors LLC now owns 1,076 shares of the software maker’s stock worth $492,000 after acquiring an additional 111 shares during the period. Russell Investments Group Ltd. grew its holdings in HubSpot by 6.1% during the first quarter. Russell Investments Group Ltd. now owns 5,032 shares of the software maker’s stock worth $2,276,000 after acquiring an additional 290 shares during the period. Rockefeller Capital Management L.P. grew its holdings in HubSpot by 102.6% during the first quarter. Rockefeller Capital Management L.P. now owns 233 shares of the software maker’s stock worth $105,000 after acquiring an additional 118 shares during the period. Quadrant Capital Group LLC grew its holdings in HubSpot by 44.2% during the first quarter. Quadrant Capital Group LLC now owns 111 shares of the software maker’s stock worth $50,000 after acquiring an additional 34 shares during the period. Finally, Ensign Peak Advisors Inc grew its holdings in HubSpot by 11.5% during the first quarter. Ensign Peak Advisors Inc now owns 20,866 shares of the software maker’s stock worth $9,478,000 after acquiring an additional 2,156 shares during the period. 89.74% of the stock is currently owned by hedge funds and other institutional investors.

About HubSpot

HubSpot, Inc develops Internet marketing software solutions. The firm operates through the following geographical segments: Americas, Europe and Asia Pacific. The company was founded by Brian Patrick Halligan and Dharmesh Shah on April 4, 2005 and is headquartered in Cambridge, MA.

See Also: Intrinsic Value

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