Investment analysts at Compass Point started coverage on shares of HubSpot (NYSE:HUBS) in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $222.00 price target on the software maker’s stock. Compass Point’s price target indicates a potential upside of 19.92% from the company’s previous close.

Several other research firms have also recently commented on HUBS. Cowen set a $170.00 target price on HubSpot and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Evercore ISI set a $175.00 target price on HubSpot and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Piper Jaffray Companies boosted their target price on HubSpot from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Deutsche Bank boosted their target price on HubSpot from $168.00 to $180.00 and gave the stock a “hold” rating in a research report on Wednesday, May 8th. Finally, SunTrust Banks boosted their target price on HubSpot to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Nine analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. HubSpot has an average rating of “Buy” and an average price target of $189.95.

Shares of NYSE HUBS opened at $185.13 on Tuesday. The stock has a market capitalization of $7.87 billion, a PE ratio of -181.50 and a beta of 1.71. HubSpot has a fifty-two week low of $108.39 and a fifty-two week high of $196.79. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.97 and a current ratio of 3.97. The company has a fifty day moving average of $179.34.

HubSpot (NYSE:HUBS) last posted its earnings results on Tuesday, August 6th. The software maker reported ($0.26) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.07. HubSpot had a negative return on equity of 7.93% and a negative net margin of 9.92%. The business had revenue of $163.30 million during the quarter, compared to analysts’ expectations of $157.26 million. During the same period in the previous year, the business earned $0.19 earnings per share. The firm’s revenue was up 33.2% on a year-over-year basis. Analysts predict that HubSpot will post -0.74 EPS for the current fiscal year.

In other news, insider Hunter Madeley sold 1,005 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $165.00, for a total value of $165,825.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lorrie M. Norrington sold 28,333 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $178.10, for a total value of $5,046,107.30. Following the completion of the sale, the director now directly owns 30,679 shares of the company’s stock, valued at approximately $5,463,929.90. The disclosure for this sale can be found here. Insiders sold a total of 134,187 shares of company stock valued at $23,759,382 over the last quarter. Company insiders own 8.30% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OneAscent Financial Services LLC bought a new stake in shares of HubSpot in the 2nd quarter valued at about $258,000. CSat Investment Advisory L.P. bought a new stake in shares of HubSpot in the 2nd quarter valued at about $66,000. Cubist Systematic Strategies LLC lifted its stake in shares of HubSpot by 391.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 61,748 shares of the software maker’s stock valued at $10,529,000 after acquiring an additional 49,176 shares during the last quarter. Jefferies Group LLC bought a new stake in shares of HubSpot in the 2nd quarter valued at about $527,000. Finally, Marshall Wace LLP bought a new stake in shares of HubSpot in the 2nd quarter valued at about $950,000. 95.36% of the stock is owned by institutional investors.

About HubSpot

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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