HubSpot, Inc. (NYSE:HUBS – Get Free Report) saw a significant drop in short interest in July. As of July 15th, there was short interest totalling 911,400 shares, a drop of 6.5% from the June 30th total of 974,800 shares. Based on an average daily trading volume, of 808,300 shares, the short-interest ratio is presently 1.1 days.
Analysts Set New Price Targets
HUBS has been the topic of a number of recent research reports. BMO Capital Markets decreased their target price on HubSpot from $710.00 to $635.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th. KeyCorp decreased their target price on HubSpot from $520.00 to $460.00 and set an “underweight” rating on the stock in a research report on Friday, July 12th. Stifel Nicolaus decreased their target price on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday. Needham & Company LLC reissued a “buy” rating and set a $730.00 target price on shares of HubSpot in a research report on Thursday, May 9th. Finally, Canaccord Genuity Group decreased their target price on HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $630.04.
View Our Latest Report on HUBS
Insider Buying and Selling at HubSpot
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Fortis Group Advisors LLC bought a new position in shares of HubSpot during the second quarter worth approximately $681,000. Maryland State Retirement & Pension System increased its holdings in shares of HubSpot by 4.7% during the second quarter. Maryland State Retirement & Pension System now owns 3,808 shares of the software maker’s stock worth $2,246,000 after purchasing an additional 171 shares during the period. Hantz Financial Services Inc. bought a new position in shares of HubSpot during the second quarter worth approximately $911,000. International Assets Investment Management LLC bought a new position in shares of HubSpot during the second quarter worth approximately $35,000. Finally, iA Global Asset Management Inc. bought a new position in shares of HubSpot during the second quarter worth approximately $241,000. 90.39% of the stock is owned by institutional investors.
HubSpot Stock Performance
Shares of HUBS stock traded up $8.64 on Wednesday, reaching $496.66. The stock had a trading volume of 55,275 shares, compared to its average volume of 636,092. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average is $558.73 and its two-hundred day moving average is $596.15. The firm has a market capitalization of $25.31 billion, a price-to-earnings ratio of -184.16 and a beta of 1.60. HubSpot has a 12 month low of $407.23 and a 12 month high of $693.85.
HubSpot (NYSE:HUBS – Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.27. The firm had revenue of $617.41 million for the quarter, compared to analysts’ expectations of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. On average, research analysts expect that HubSpot will post -0.44 EPS for the current fiscal year.
About HubSpot
HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.
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