Several other analysts also recently issued reports on the stock. Morgan Stanley reaffirmed a buy rating on shares of HubSpot in a report on Sunday, July 17th. Needham & Company LLC started coverage on shares of HubSpot in a report on Monday, June 13th. They issued a buy rating and a $60.00 price target on the stock. KeyCorp upped their price target on shares of HubSpot from $60.00 to $67.00 and gave the company an overweight rating in a report on Tuesday, September 13th. Stifel Nicolaus upped their price target on shares of HubSpot from $61.00 to $62.00 and gave the company a buy rating in a report on Thursday, August 4th. Finally, RBC Capital Markets reaffirmed an outperform rating and issued a $70.00 price target (up previously from $62.00) on shares of HubSpot in a report on Sunday, October 2nd. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $63.41.
HubSpot (NYSE:HUBS) opened at 57.55 on Tuesday. HubSpot has a 52-week low of $27.00 and a 52-week high of $60.11. The stock’s market cap is $2.03 billion. The company’s 50 day moving average is $56.33 and its 200-day moving average is $49.88.
HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.08. The firm had revenue of $65 million for the quarter, compared to the consensus estimate of $61.67 million. HubSpot had a negative net margin of 20.03% and a negative return on equity of 36.88%. The firm’s revenue was up 51.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. On average, equities analysts anticipate that HubSpot will post ($0.53) earnings per share for the current year.
In other HubSpot news, General Counsel John P. Kelleher sold 7,666 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $50.64, for a total transaction of $388,206.24. Following the completion of the sale, the general counsel now directly owns 69,889 shares in the company, valued at $3,539,178.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Dharmesh Shah sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, July 14th. The stock was sold at an average price of $51.00, for a total transaction of $2,040,000.00. Following the sale, the chief technology officer now owns 1,833,510 shares of the company’s stock, valued at $93,509,010. The disclosure for this sale can be found here. Company insiders own 18.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Brookside Capital Management LLC purchased a new position in shares of HubSpot during the first quarter valued at $9,387,000. Jacobs Levy Equity Management Inc. increased its position in shares of HubSpot by 3.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 21,370 shares of the company’s stock valued at $932,000 after buying an additional 680 shares during the period. 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 valued at $31,427,000 after buying an additional 360,869 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 valued at $122,092,000 after buying an additional 478,539 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of HubSpot by 10.4% in the first quarter. Geode Capital Management LLC now owns 74,652 shares of the company’s stock valued at $3,256,000 after buying an additional 7,043 shares during the period. 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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