HubSpot Inc. (HUBS) Price Target Raised to $70.00
HubSpot Inc. (NYSE:HUBS) had its target price upped by equities research analysts at Royal Bank Of Canada from $62.00 to $70.00 in a research note issued to investors on Friday. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 24.16% from the stock’s previous close.
HUBS has been the topic of several other research reports. Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Tuesday, August 9th. KeyCorp increased their price target on HubSpot from $60.00 to $67.00 and gave the company an “overweight” rating in a report on Tuesday, September 13th. Vetr cut HubSpot from a “strong-buy” rating to a “buy” rating and set a $61.00 price objective for the company. in a research report on Monday, August 8th. Stephens initiated coverage on HubSpot in a research report on Tuesday, August 30th. They issued an “overweight” rating and a $65.00 price objective for the company. Finally, William Blair initiated coverage on HubSpot in a research report on Thursday, June 9th. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. HubSpot presently has an average rating of “Buy” and a consensus price target of $62.50.
Shares of HubSpot (NYSE:HUBS) opened at 56.38 on Friday. The stock’s 50 day moving average is $56.37 and its 200-day moving average is $49.34. HubSpot has a one year low of $27.00 and a one year high of $60.11. The stock’s market capitalization is $1.99 billion.
HubSpot (NYSE:HUBS) last announced 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. HubSpot had a negative return on equity of 36.88% and a negative net margin of 20.03%. The company had revenue of $65 million for the quarter, compared to the consensus estimate of $61.67 million. During the same quarter last year, the company posted ($0.17) earnings per share. The company’s revenue for the quarter was up 51.4% compared to the same quarter last year. On average, equities research analysts expect that HubSpot will post ($0.53) EPS for the current year.
In other HubSpot news, CEO Brian Halligan sold 20,000 shares of the stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $42.34, for a total transaction of $846,800.00. Following the completion of the transaction, the chief executive officer now directly owns 809,216 shares in the company, valued at $34,262,205.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hunter Madeley sold 800 shares of the stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $42.12, for a total value of $33,696.00. Following the transaction, the insider now owns 116,478 shares of the company’s stock, valued at $4,906,053.36. The disclosure for this sale can be found here. 18.50% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its position in HubSpot by 11.1% in the second quarter. Prudential Financial Inc. now owns 5,507 shares of the company’s stock valued at $239,000 after buying an additional 550 shares in the last quarter. Barclays PLC raised its position in HubSpot by 12.2% in the second quarter. Barclays PLC now owns 5,105 shares of the company’s stock valued at $222,000 after buying an additional 554 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in HubSpot by 7.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 9,251 shares of the company’s stock valued at $402,000 after buying an additional 642 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in 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 in the last quarter. Finally, Teacher Retirement System of Texas raised 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 in the last quarter. Hedge funds and other 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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