Zacks Investment Research upgraded shares of HubSpot, Inc. (NYSE:HUBS) from a hold rating to a buy rating in a research note published on Tuesday morning. They currently have $95.00 target price on the software maker’s stock.

According to Zacks, “HubSpot’s cloud-based inbound marketing and sales applications are gaining widespread adoption as evident from the growing customer base, which expanded to more than 34K at the end of second quarter 2017. We note that the stock has outperformed the industry on a year-to-date basis. Recently, management raised the guidance for third-quarter 2017 driven by strong momentum from the One HubSpot initiative, cross-selling opportunities, growing marketing agency network and expanding international footprint. However, we believe that the $50 per month marketing starter product will hurt average subscription revenue (ASR) per customer, at least in the near term. Moreover, mounting losses remain a concern for investors.”

Other research analysts also recently issued research reports about the stock. SunTrust Banks, Inc. began coverage on shares of HubSpot in a research report on Monday, June 26th. They issued a buy rating and a $81.00 price objective for the company. Morgan Stanley increased their target price on shares of HubSpot from $78.00 to $80.00 and gave the stock an overweight rating in a research note on Thursday, July 20th. Oppenheimer Holdings, Inc. set a $80.00 target price on HubSpot and gave the company a buy rating in a research report on Thursday, August 3rd. Canaccord Genuity raised their target price on HubSpot from $80.00 to $83.00 and gave the company a buy rating in a research report on Thursday, August 3rd. Finally, UBS AG restated a buy rating and issued a $84.00 price target (up previously from $77.00) on shares of HubSpot in a research note on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. HubSpot currently has an average rating of Buy and a consensus target price of $77.81.

Shares of HubSpot (HUBS) traded down 0.47% on Tuesday, hitting $84.25. The company had a trading volume of 90,673 shares. The company’s market capitalization is $3.12 billion. The stock’s 50-day moving average is $73.34 and its 200 day moving average is $69.11. HubSpot has a 52 week low of $44.90 and a 52 week high of $86.90.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 2nd. The software maker reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. HubSpot had a negative return on equity of 27.99% and a negative net margin of 13.17%. The firm had revenue of $89.10 million for the quarter, compared to the consensus estimate of $85.80 million. During the same quarter in the prior year, the business earned ($0.07) earnings per share. The company’s revenue was up 37.1% compared to the same quarter last year. Equities analysts expect that HubSpot will post $0.09 EPS for the current year.

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In related news, CFO John Kinzer sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $78.75, for a total transaction of $787,500.00. Following the transaction, the chief financial officer now directly owns 85,947 shares in the company, valued at $6,768,326.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hunter Madeley sold 16,000 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 84,549 shares of the company’s stock, valued at approximately $6,152,630.73. The disclosure for this sale can be found here. Insiders sold 62,000 shares of company stock valued at $4,505,070 over the last quarter. Company insiders own 12.10% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Point72 Asia Hong Kong Ltd lifted its stake in HubSpot by 153.1% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,706 shares of the software maker’s stock worth $103,000 after purchasing an additional 1,032 shares in the last quarter. ETF Managers Group LLC acquired a new position in shares of HubSpot during the 2nd quarter worth approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of HubSpot by 136.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,720 shares of the software maker’s stock worth $113,000 after purchasing an additional 994 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of HubSpot by 41.3% during the 2nd quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock worth $142,000 after purchasing an additional 631 shares during the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of HubSpot during the 1st quarter worth approximately $151,000. Institutional investors own 96.08% of the company’s stock.

About HubSpot

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.

Analyst Recommendations for HubSpot (NYSE:HUBS)

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