RBC Capital Markets reiterated their outperform rating on shares of HubSpot Inc. (NYSE:HUBS) in a research report released on Sunday morning. They currently have a $70.00 price target on the stock, up from their prior price target of $62.00.
Several other analysts have also commented on HUBS. William Blair started coverage on shares of HubSpot in a research note on Thursday, June 9th. They set an outperform rating for the company. Royal Bank Of Canada initiated coverage on shares of HubSpot in a research note on Friday, June 10th. They set an outperform rating and a $62.00 target price for the company. Morgan Stanley restated a buy rating on shares of HubSpot in a research report on Friday, June 10th. Needham & Company LLC initiated coverage on shares of HubSpot in a research report on Monday, June 13th. They issued a buy rating and a $60.00 price target for the company. Finally, Rosenblatt Securities restated a buy rating and issued a $61.00 price target on shares of HubSpot in a research report on Monday, June 27th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. HubSpot has a consensus rating of Buy and an average price target of $63.00.
Shares of HubSpot (NYSE:HUBS) traded up 2.20% during mid-day trading on Friday, hitting $57.62. 197,207 shares of the stock traded hands. The company’s market cap is $2.04 billion. HubSpot has a 52 week low of $27.00 and a 52 week high of $60.11. The stock has a 50-day moving average of $56.32 and a 200-day moving average of $49.43.
HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 3rd. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.08. HubSpot had a negative net margin of 20.03% and a negative return on equity of 36.88%. The business earned $65 million during the quarter, compared to analyst estimates of $61.67 million. During the same period in the prior year, the business earned ($0.17) earnings per share. The business’s quarterly revenue was up 51.4% on a year-over-year basis. Analysts anticipate that HubSpot will post ($0.53) EPS for the current year.
In other HubSpot news, insider Hunter Madeley sold 800 shares of the stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $56.34, for a total value of $45,072.00. Following the completion of the sale, the insider now directly owns 113,302 shares of the company’s stock, valued at approximately $6,383,434.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Dharmesh Shah sold 40,000 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of $57.24, for a total transaction of $2,289,600.00. Following the completion of the sale, the insider now directly owns 1,819,407 shares of the company’s stock, valued at $104,142,856.68. The disclosure for this sale can be found here. 18.50% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of HubSpot by 150.5% in the second quarter. BlackRock Inc. now owns 2,981 shares of the company’s stock worth $129,000 after buying an additional 1,791 shares during the period. Teacher Retirement System of Texas increased its position in HubSpot by 67.7% in the second quarter. Teacher Retirement System of Texas now owns 3,146 shares of the company’s stock worth $137,000 after buying an additional 1,270 shares during the last quarter. Glenmede Trust Co. NA acquired a new position in HubSpot during the second quarter worth approximately $188,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in HubSpot during the second quarter worth approximately $200,000. Finally, Barclays PLC increased its position in HubSpot by 12.2% in the second quarter. Barclays PLC now owns 5,105 shares of the company’s stock worth $222,000 after buying an additional 554 shares during the last quarter. 88.33% of the stock is owned by hedge funds and other institutional investors.
HubSpot Company Profile
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications, which include social media, search engine optimization (SEO), blogging, Website content management, marketing automation, e-mail, customer relationship management (CRM), analytics and reporting.
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