HubSpot (HUBS) Price Target Raised to $115.00 at Stifel Nicolaus

HubSpot (NYSE:HUBS) had its price objective upped by investment analysts at Stifel Nicolaus from $110.00 to $115.00 in a research note issued to investors on Monday. The firm presently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 4.50% from the company’s current price.

A number of other research analysts have also recently commented on the stock. UBS increased their target price on shares of HubSpot from $103.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Needham & Company LLC increased their target price on shares of HubSpot from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Canaccord Genuity increased their target price on shares of HubSpot from $98.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Morgan Stanley reissued an “equal weight” rating and issued a $96.00 target price (down previously from $99.00) on shares of HubSpot in a report on Tuesday, January 30th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of HubSpot from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $105.50.

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HUBS opened at $110.05 on Monday. HubSpot has a twelve month low of $63.00 and a twelve month high of $124.45. The company has a debt-to-equity ratio of 1.42, a current ratio of 3.38 and a quick ratio of 3.38. The stock has a market cap of $4,214.47, a P/E ratio of -107.89 and a beta of 1.94.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Tuesday, February 13th. The software maker reported ($0.22) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. HubSpot had a negative net margin of 10.57% and a negative return on equity of 16.27%. The business had revenue of $106.54 million during the quarter, compared to analysts’ expectations of $101.60 million. analysts anticipate that HubSpot will post -1.26 EPS for the current fiscal year.

In other HubSpot news, insider Dharmesh Shah sold 21,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $102.56, for a total transaction of $2,153,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Halligan sold 22,500 shares of the stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $118.09, for a total transaction of $2,657,025.00. Following the sale, the chief executive officer now directly owns 754,598 shares of the company’s stock, valued at approximately $89,110,477.82. The disclosure for this sale can be found here. Insiders sold 112,995 shares of company stock valued at $12,731,602 in the last ninety days. 9.60% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in HUBS. Crow Point Partners LLC increased its position in HubSpot by 928.9% during the 4th quarter. Crow Point Partners LLC now owns 5,947 shares of the software maker’s stock valued at $530,000 after purchasing an additional 5,369 shares during the period. Bank of Montreal Can acquired a new stake in HubSpot during the 4th quarter valued at approximately $1,343,000. Schwab Charles Investment Management Inc. increased its position in HubSpot by 7.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 163,311 shares of the software maker’s stock valued at $14,437,000 after purchasing an additional 11,237 shares during the period. Hamilton Lane Advisors LLC acquired a new stake in HubSpot during the 4th quarter valued at approximately $812,000. Finally, Harbour Capital Advisors LLC increased its position in HubSpot by 6.0% during the 4th quarter. Harbour Capital Advisors LLC now owns 12,525 shares of the software maker’s stock valued at $1,107,000 after purchasing an additional 705 shares during the period. 96.88% of the stock is owned by institutional investors and hedge funds.

About HubSpot

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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