HubSpot (HUBS) Price Target Raised to $167.00 at Royal Bank of Canada

HubSpot (NYSE:HUBS) had its price objective raised by equities research analysts at Royal Bank of Canada to $167.00 in a research note issued to investors on Wednesday, The Fly reports. The firm presently has a “market perform” rating on the software maker’s stock. Royal Bank of Canada’s target price would indicate a potential downside of 2.83% from the stock’s current price.

Several other brokerages have also commented on HUBS. Zacks Investment Research lowered shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Canaccord Genuity boosted their target price on shares of HubSpot from $160.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday. Oppenheimer boosted their target price on shares of HubSpot from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, November 8th. Raymond James boosted their target price on shares of HubSpot from $155.00 to $181.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Needham & Company LLC restated a “buy” rating and set a $198.00 target price (up from $145.00) on shares of HubSpot in a research report on Wednesday. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $167.94.

HUBS traded down $0.13 during trading on Wednesday, hitting $171.87. The stock had a trading volume of 1,556,399 shares, compared to its average volume of 641,991. The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.15 and a current ratio of 3.15. The stock has a market capitalization of $6.58 billion, a P/E ratio of -168.50 and a beta of 1.92. HubSpot has a twelve month low of $95.75 and a twelve month high of $180.00.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.54. The company had revenue of $144.02 million for the quarter, compared to analysts’ expectations of $137.48 million. HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. HubSpot’s revenue was up 35.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 EPS. Sell-side analysts predict that HubSpot will post -0.97 EPS for the current year.

In related news, General Counsel John P. Kelleher sold 508 shares of the business’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $138.54, for a total value of $70,378.32. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Dharmesh Shah sold 27,000 shares of the business’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $125.50, for a total transaction of $3,388,500.00. The disclosure for this sale can be found here. Insiders sold a total of 73,763 shares of company stock worth $9,545,440 over the last quarter. Insiders own 9.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in HUBS. Ffcm LLC purchased a new stake in shares of HubSpot in the 4th quarter worth about $25,000. CWM LLC purchased a new stake in shares of HubSpot in the 4th quarter worth about $40,000. First Hawaiian Bank purchased a new stake in shares of HubSpot in the 4th quarter worth about $43,000. Mckinley Capital Management LLC Delaware purchased a new stake in shares of HubSpot in the 4th quarter worth about $51,000. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of HubSpot by 85.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock worth $119,000 after buying an additional 385 shares in the last quarter. Institutional investors and hedge funds own 93.19% 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. 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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