Investment analysts at Goldman Sachs Group Inc. initiated coverage on shares of HubSpot Inc. (NYSE:HUBS) in a report issued on Tuesday, StockTargetPrices.com reports. The firm set a “neutral” rating and a $57.00 price target on the stock. Goldman Sachs Group Inc.’s price objective indicates a potential downside of 1.04% from the stock’s current price.
HUBS has been the subject of several other reports. KeyCorp lifted their target price on HubSpot from $60.00 to $67.00 and gave the company an “overweight” rating in a research note on Tuesday, September 13th. Stephens initiated coverage on HubSpot in a research note on Tuesday, August 30th. They set an “overweight” rating and a $65.00 price objective for the company. Vetr cut HubSpot from a “strong-buy” rating to a “buy” rating and set a $60.75 price objective for the company. in a research note on Monday, August 1st. Royal Bank Of Canada lifted their price objective on HubSpot from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of HubSpot in a research note on Friday, June 10th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $62.63.
Shares of HubSpot (NYSE:HUBS) opened at 57.60 on Tuesday. The stock’s market capitalization is $2.04 billion. The stock’s 50 day moving average price is $56.28 and its 200 day moving average price is $49.60. HubSpot has a one year low of $27.00 and a one year high of $60.11.
HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.07) earnings per share for the quarter, beating the Zacks’ 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 analysts’ expectations of $61.67 million. During the same period last year, the firm posted ($0.17) EPS. The business’s revenue was up 51.4% on a year-over-year basis. On average, analysts forecast that HubSpot will post ($0.53) EPS for the current year.
In other HubSpot news, insider J Donald Sherman sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $54.90, for a total transaction of $549,000.00. Following the transaction, the insider now owns 95,985 shares of the company’s stock, valued at $5,269,576.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Hunter Madeley sold 800 shares of the business’s stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $42.12, for a total value of $33,696.00. Following the transaction, the insider now directly owns 116,478 shares in the company, valued at approximately $4,906,053.36. The disclosure for this sale can be found here. Corporate insiders own 18.50% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. FMR LLC increased its position in shares of HubSpot by 0.7% in the second quarter. FMR LLC now owns 5,239,425 shares of the company’s stock worth $227,496,000 after buying an additional 35,375 shares during the period. Wellington Management Group LLP increased its position in shares of HubSpot by 20.6% in the first quarter. Wellington Management Group LLP now owns 2,798,986 shares of the company’s stock worth $122,092,000 after buying an additional 478,539 shares during the period. Alliancebernstein L.P. increased its position in shares of HubSpot by 1.0% in the second quarter. Alliancebernstein L.P. now owns 2,140,063 shares of the company’s stock worth $92,922,000 after buying an additional 20,226 shares during the period. Vanguard Group Inc. increased its position in shares of HubSpot by 10.2% in the second quarter. Vanguard Group Inc. now owns 1,810,579 shares of the company’s stock worth $78,615,000 after buying an additional 167,437 shares during the period. Finally, Granahan Investment Management Inc. MA increased its position in shares of HubSpot by 100.4% in the first quarter. Granahan Investment Management Inc. MA now owns 720,468 shares of the company’s stock worth $31,427,000 after buying an additional 360,869 shares during the period. 88.33% of the stock is currently owned by hedge funds and other institutional investors.
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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