HubSpot Inc. (NYSE:HUBS)‘s stock had its “buy” rating reissued by stock analysts at Rosenblatt Securities in a research report issued on Friday. They presently have a $67.00 price objective on the stock. Rosenblatt Securities’ price target points to a potential upside of 15.42% from the stock’s current price.
A number of other equities analysts have also issued reports on the company. 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. Stephens started 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. Vetr lowered HubSpot from a “strong-buy” rating to a “buy” rating and set a $60.75 price target for the company. in a research note on Monday, August 1st. Morgan Stanley increased their price target on HubSpot from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, July 14th. Finally, William Blair started coverage on HubSpot in a research note on Thursday, June 9th. They set an “outperform” rating for the company. Four research 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 company. The company has a consensus rating of “Buy” and a consensus target price of $63.41.
Shares of HubSpot (NYSE:HUBS) opened at 58.05 on Friday. The stock has a 50 day moving average price of $56.38 and a 200-day moving average price of $50.03. HubSpot has a 12 month low of $27.00 and a 12 month high of $60.11. The stock’s market cap is $2.05 billion.
HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business earned $65 million during the quarter, compared to analyst estimates of $61.67 million. During the same period in the prior year, the company posted ($0.17) EPS. The business’s revenue for the quarter was up 51.4% compared to the same quarter last year. On average, analysts forecast that HubSpot will post ($0.53) EPS for the current fiscal year.
In other news, CEO Brian Halligan sold 20,000 shares of the company’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $57.16, for a total value of $1,143,200.00. Following the transaction, the chief executive officer now directly owns 784,154 shares of the company’s stock, valued at $44,822,242.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel John P. Kelleher sold 7,666 shares of the company’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $50.64, for a total transaction of $388,206.24. Following the completion of the transaction, the general counsel now directly owns 69,889 shares in the company, valued at $3,539,178.96. The disclosure for this sale can be found here. 18.50% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in 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 valued at $137,000 after buying an additional 1,270 shares during the last quarter. BNP Paribas Arbitrage SA increased its position 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 position in HubSpot during the second quarter valued at approximately $188,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in HubSpot during the second quarter valued at approximately $200,000. 88.33% of the stock is currently owned by institutional investors and hedge funds.
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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