HubSpot, Inc. (HUBS) Receives Average Rating of “Buy” from Analysts
Shares of HubSpot, Inc. (NYSE:HUBS) have earned a consensus recommendation of “Buy” from the twenty-five analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, twenty-two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $78.85.
HUBS has been the topic of a number of analyst reports. UBS AG reaffirmed an “outperform” rating and issued a $80.00 price objective (up from $78.00) on shares of HubSpot in a research note on Wednesday, August 9th. SunTrust Banks, Inc. initiated coverage on shares of HubSpot in a research note on Monday, June 26th. They issued a “buy” rating and a $81.00 price objective on the stock. Zacks Investment Research lowered shares of HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $80.00 price objective on shares of HubSpot in a research note on Tuesday, September 19th. Finally, Oppenheimer Holdings, Inc. set a $80.00 price objective on shares of HubSpot and gave the company a “buy” rating in a research note on Thursday, August 3rd.
In other HubSpot news, insider Hunter Madeley sold 16,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $72.77, for a total transaction of $1,164,320.00. Following the transaction, the insider now owns 84,549 shares in the company, valued at $6,152,630.73. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO John Kinzer sold 15,000 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $67.23, for a total transaction of $1,008,450.00. Following the transaction, the chief financial officer now owns 92,380 shares in the company, valued at approximately $6,210,707.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,000 shares of company stock worth $4,589,420. Corporate insiders own 12.10% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ETF Managers Group LLC acquired a new position in HubSpot during the second quarter worth $110,000. Point72 Asia Hong Kong Ltd raised its holdings in HubSpot by 153.1% during the first quarter. Point72 Asia Hong Kong Ltd now owns 1,706 shares of the software maker’s stock worth $103,000 after buying an additional 1,032 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in HubSpot by 136.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,720 shares of the software maker’s stock worth $113,000 after buying an additional 994 shares during the last quarter. Sei Investments Co. raised its holdings in HubSpot by 41.3% during the second quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock worth $142,000 after buying an additional 631 shares during the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new position in HubSpot during the first quarter worth $151,000. Hedge funds and other institutional investors own 96.08% of the company’s stock.
HubSpot (NYSE HUBS) traded up 1.06% during midday trading on Friday, reaching $85.80. 302,813 shares of the company’s stock traded hands. HubSpot has a 1-year low of $44.90 and a 1-year high of $86.90. The stock’s 50 day moving average price is $74.70 and its 200 day moving average price is $69.49. The firm’s market cap is $3.18 billion.
HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.08. HubSpot had a negative net margin of 13.17% and a negative return on equity of 27.99%. The company had revenue of $89.10 million for the quarter, compared to analyst estimates of $85.80 million. During the same period in the prior year, the firm posted ($0.07) EPS. The company’s quarterly revenue was up 37.1% on a year-over-year basis. Equities research analysts anticipate that HubSpot will post $0.09 EPS for the current year.
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HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.
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