Morgan Stanley reissued their equal weight rating on shares of HubSpot (NYSE:HUBS) in a research report report published on Tuesday morning. Morgan Stanley currently has a $96.00 price objective on the software maker’s stock, down from their previous price objective of $99.00. The analysts noted that the move was a valuation call.

Several other brokerages have also recently issued reports on HUBS. Zacks Investment Research raised HubSpot from a hold rating to a buy rating and set a $99.00 target price on the stock in a research report on Tuesday, January 2nd. Oppenheimer raised their price objective on HubSpot from $91.00 to $93.00 and gave the stock an outperform rating in a research report on Thursday, November 2nd. Canaccord Genuity raised their price objective on HubSpot from $8,398.00 to $98.00 and gave the stock a buy rating in a research report on Thursday, November 2nd. Needham & Company LLC raised their price objective on HubSpot to $95.00 and gave the stock a buy rating in a research report on Thursday, November 2nd. Finally, UBS Group reissued a buy rating and issued a $93.00 price objective on shares of HubSpot in a research report on Thursday, November 2nd. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. HubSpot has a consensus rating of Buy and an average target price of $86.31.

Shares of HubSpot (NYSE HUBS) opened at $96.35 on Tuesday. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $3,600.00, a price-to-earnings ratio of -83.06 and a beta of 2.24. HubSpot has a 52-week low of $51.60 and a 52-week high of $102.30.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 1st. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.15. The business had revenue of $97.73 million for the quarter, compared to analysts’ expectations of $96.50 million. HubSpot had a negative return on equity of 21.93% and a negative net margin of 12.16%. The business’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) EPS. equities research analysts forecast that HubSpot will post -0.99 earnings per share for the current fiscal year.

In related news, insider Hunter Madeley sold 1,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $81.60, for a total value of $81,600.00. Following the completion of the transaction, the insider now owns 59,264 shares in the company, valued at approximately $4,835,942.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian Halligan sold 25,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $88.30, for a total value of $2,207,500.00. Following the completion of the transaction, the chief executive officer now owns 796,119 shares of the company’s stock, valued at approximately $70,297,307.70. The disclosure for this sale can be found here. Insiders sold a total of 67,000 shares of company stock valued at $5,756,330 in the last 90 days. 12.10% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. State Street Corp raised its stake in shares of HubSpot by 17.4% during the 2nd quarter. State Street Corp now owns 622,514 shares of the software maker’s stock valued at $40,930,000 after buying an additional 92,448 shares during the last quarter. American International Group Inc. raised its stake in shares of HubSpot by 8.1% during the 3rd quarter. American International Group Inc. now owns 22,572 shares of the software maker’s stock valued at $1,897,000 after buying an additional 1,687 shares during the last quarter. Legal & General Group Plc raised its stake in shares of HubSpot by 13.3% during the 3rd quarter. Legal & General Group Plc now owns 13,969 shares of the software maker’s stock valued at $1,168,000 after buying an additional 1,641 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of HubSpot by 29.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 505,034 shares of the software maker’s stock valued at $41,386,000 after buying an additional 113,604 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of HubSpot by 25.2% during the 3rd quarter. New York State Common Retirement Fund now owns 117,761 shares of the software maker’s stock valued at $9,898,000 after buying an additional 23,668 shares during the last quarter. Institutional investors own 92.48% of the company’s stock.

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HubSpot Company Profile

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.

Analyst Recommendations for HubSpot (NYSE:HUBS)

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