HubSpot (NYSE:HUBS) was downgraded by equities researchers at Evercore ISI from an “outperform” rating to an “in-line” rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. They presently have a $90.00 target price on the software maker’s stock. Evercore ISI’s price objective would suggest a potential downside of 22.61% from the company’s current price. The analysts noted that the move was a valuation call.
A number of other equities analysts have also recently commented on HUBS. Zacks Investment Research cut HubSpot from a “buy” rating to a “hold” rating in a report on Tuesday, November 28th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $96.00 price target (down previously from $99.00) on shares of HubSpot in a research report on Tuesday, January 30th. They noted that the move was a valuation call. JPMorgan Chase & Co. increased their price target on HubSpot from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Stifel Nicolaus increased their price target on HubSpot from $88.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Finally, Needham & Company LLC increased their price target on HubSpot from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $94.82.
HubSpot (HUBS) traded down $4.20 during midday trading on Monday, hitting $116.30. The stock had a trading volume of 649,659 shares, compared to its average volume of 462,437. The stock has a market cap of $4,400.00, a PE ratio of 484.58 and a beta of 1.94. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 1.42. HubSpot has a fifty-two week low of $56.95 and a fifty-two week high of $122.25.
Several hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its stake in shares of HubSpot by 10.6% in the 4th quarter. Bank of New York Mellon Corp now owns 2,395,691 shares of the software maker’s stock valued at $211,779,000 after purchasing an additional 229,182 shares during the last quarter. BlackRock Inc. grew its stake in shares of HubSpot by 3.2% in the 4th quarter. BlackRock Inc. now owns 2,302,801 shares of the software maker’s stock valued at $203,569,000 after purchasing an additional 71,538 shares during the last quarter. Jennison Associates LLC grew its stake in shares of HubSpot by 135.8% in the 4th quarter. Jennison Associates LLC now owns 1,273,084 shares of the software maker’s stock valued at $112,541,000 after purchasing an additional 733,246 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of HubSpot by 9.0% in the 4th quarter. Alliancebernstein L.P. now owns 1,233,632 shares of the software maker’s stock valued at $109,053,000 after purchasing an additional 101,364 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of HubSpot by 7.8% in the 4th quarter. First Trust Advisors LP now owns 961,683 shares of the software maker’s stock valued at $85,013,000 after purchasing an additional 69,612 shares during the last quarter. Institutional investors own 98.73% 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.
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