According to Zacks, “HubSpot, Inc. is an inbound marketing software platform that helps companies to attract visitors to their Websites, convert visitors into leads, and close leads into customers. Its software platform consists of integrated applications, such as social media, search engine optimization, blogging, and Website content management, marketing automation, email, and analytics and reporting. The Company provides marketing tools at grader.com and hosts a marketing community at inboundmarketing.com. HubSpot, Inc. is headquartered in Cambridge, Massachusetts. “
Other analysts have also issued research reports about the stock. DA Davidson assumed coverage on shares of HubSpot in a research report on Tuesday, October 4th. They set a buy rating and a $76.00 target price on the stock. Goldman Sachs Group Inc. assumed coverage on shares of HubSpot in a research report on Tuesday, October 4th. They set a neutral rating and a $57.00 target price on the stock. RBC Capital Markets restated an outperform rating and set a $70.00 target price (up previously from $62.00) on shares of HubSpot in a research report on Sunday, October 2nd. Royal Bank Of Canada raised their target price on shares of HubSpot from $62.00 to $70.00 and gave the stock an outperform rating in a research report on Friday, September 30th. Finally, Pacific Crest set a $67.00 target price on shares of HubSpot and gave the stock a buy rating in a research report on Monday, September 12th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $63.41.
HubSpot (NYSE:HUBS) opened at 58.05 on Wednesday. The firm’s market capitalization is $2.05 billion. The stock’s 50 day moving average price is $56.38 and its 200 day moving average price is $50.03. 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) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.08. The business had revenue of $65 million for the quarter, compared to analyst estimates of $61.67 million. HubSpot had a negative net margin of 20.03% and a negative return on equity of 36.88%. The company’s quarterly revenue was up 51.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.17) earnings per share. Analysts expect that HubSpot will post ($0.53) EPS for the current year.
In other news, insider Hunter Madeley sold 800 shares of the firm’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $57.45, for a total value of $45,960.00. Following the transaction, the insider now owns 110,296 shares of the company’s stock, valued at approximately $6,336,505.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dharmesh Shah sold 40,000 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $57.24, for a total transaction of $2,289,600.00. Following the completion of the transaction, the insider now directly owns 1,819,407 shares in the company, valued at approximately $104,142,856.68. The disclosure for this sale can be found here. Company insiders own 18.50% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Primecap Management Co. CA acquired a new position in shares of HubSpot during the first quarter worth approximately $22,464,000. 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 in the last quarter. 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 in the last quarter. BlackRock Fund Advisors increased its position in shares of HubSpot by 51.1% in the second quarter. BlackRock Fund Advisors now owns 704,347 shares of the company’s stock worth $30,583,000 after buying an additional 238,329 shares in the last quarter. Finally, Brookside Capital Management LLC acquired a new position in shares of HubSpot during the first quarter worth approximately $9,387,000. 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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