HubSpot Inc. (NYSE:HUBS) has been assigned a consensus rating of “Buy” from the nineteen analysts that are currently covering the stock. Four equities research analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $63.53.
Several research firms have recently weighed in on HUBS. Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Tuesday, August 9th. Royal Bank Of Canada began coverage on HubSpot in a research note on Friday, June 10th. They set an “outperform” rating and a $62.00 price target for the company. KeyCorp increased their price target on HubSpot from $60.00 to $67.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 13th. Vetr downgraded HubSpot from a “strong-buy” rating to a “buy” rating and set a $61.00 price target for the company. in a research note on Monday, August 8th. Finally, Stephens began coverage on HubSpot in a research note on Tuesday, August 30th. They set an “overweight” rating and a $65.00 price target for the company.
In other HubSpot news, insider Hunter Madeley sold 800 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $53.58, for a total value of $42,864.00. Following the sale, the insider now owns 115,508 shares of the company’s stock, valued at approximately $6,188,918.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel John P. Kelleher sold 7,666 shares of the firm’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $50.64, for a total value of $388,206.24. Following the completion of the sale, the general counsel now directly owns 69,889 shares in the company, valued at approximately $3,539,178.96. The disclosure for this sale can be found here. 18.50% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in HubSpot by 150.5% in the second quarter. BlackRock Inc. now owns 2,981 shares of the company’s stock valued at $129,000 after buying an additional 1,791 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in HubSpot by 67.7% in the second quarter. Teacher Retirement System of Texas now owns 3,146 shares of the company’s stock valued at $137,000 after buying an additional 1,270 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in HubSpot by 100.3% in the third quarter. BNP Paribas Arbitrage SA now owns 2,638 shares of the company’s stock valued at $152,000 after buying an additional 1,321 shares during the last quarter. Glenmede Trust Co. NA acquired a new stake in HubSpot during the second quarter valued at $188,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in HubSpot during the second quarter valued at $200,000. 88.33% of the stock is currently owned by hedge funds and other institutional investors.
HubSpot (NYSE:HUBS) opened at 57.55 on Monday. The company’s market cap is $2.03 billion. HubSpot has a 52-week low of $27.00 and a 52-week high of $60.11. The firm has a 50-day moving average price of $56.33 and a 200-day moving average price of $49.88.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.08. The company earned $65 million during the quarter, compared to the consensus estimate of $61.67 million. HubSpot had a negative return on equity of 36.88% and a negative net margin of 20.03%. The firm’s quarterly revenue was up 51.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.17) EPS. On average, analysts forecast that HubSpot will post ($0.53) EPS for the current year.
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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