HubSpot Inc. (NYSE:HUBS) had its target price increased by Royal Bank Of Canada from $62.00 to $70.00 in a research note issued to investors on Friday morning. They currently have an outperform rating on the stock.
HUBS has been the subject of several other research reports. Zacks Investment Research raised HubSpot from a hold rating to a buy rating and set a $65.00 price objective for the company in a report on Tuesday, August 9th. KeyCorp lifted their price objective on HubSpot from $60.00 to $67.00 and gave the stock an overweight rating in a report on Tuesday, September 13th. Vetr lowered HubSpot from a strong-buy rating to a buy rating and set a $61.00 price objective for the company. in a report on Monday, August 8th. Stephens assumed coverage on HubSpot in a report on Tuesday, August 30th. They issued an overweight rating and a $65.00 price objective for the company. Finally, William Blair assumed coverage on HubSpot in a report on Thursday, June 9th. They issued an outperform rating for the company. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $63.00.
Shares of HubSpot (NYSE:HUBS) traded down 0.30% on Friday, reaching $57.45. The company’s stock had a trading volume of 24,190 shares. The firm’s 50-day moving average price is $56.32 and its 200-day moving average price is $49.43. The stock’s market cap is $2.03 billion. HubSpot has a 12 month low of $27.00 and a 12 month high of $60.11.
HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, August 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.08. HubSpot had a negative return on equity of 36.88% and a negative net margin of 20.03%. The firm earned $65 million during the quarter, compared to analyst estimates of $61.67 million. During the same period last year, the firm posted ($0.17) EPS. The business’s revenue was up 51.4% compared to the same quarter last year. On average, analysts forecast that HubSpot will post ($0.53) earnings per share for the current fiscal year.
In other news, CEO Brian Halligan sold 20,000 shares of HubSpot stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $42.34, for a total transaction of $846,800.00. Following the completion of the sale, the chief executive officer now owns 809,216 shares in the company, valued at approximately $34,262,205.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Hunter Madeley sold 800 shares of HubSpot stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $42.12, for a total value of $33,696.00. Following the sale, the insider now owns 116,478 shares of the company’s stock, valued at approximately $4,906,053.36. The disclosure for this sale can be found here. 18.50% of the stock is owned by company insiders.
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 stake in shares of 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 period. Glenmede Trust Co. NA acquired a new stake in shares of HubSpot during the second quarter worth about $188,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of HubSpot during the second quarter worth about $200,000. Finally, Barclays PLC increased its stake in shares of 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 period. Hedge funds and other institutional investors own 88.33% of the company’s stock.
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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