HubSpot Inc. (HUBS) Rating Reiterated by RBC Capital Markets
HubSpot Inc. (NYSE:HUBS)‘s stock had its “outperform” rating reiterated by research analysts at RBC Capital Markets in a research report issued to clients and investors on Sunday. They currently have a $70.00 price objective on the stock, up from their previous price objective of $62.00. RBC Capital Markets’ price target indicates a potential upside of 21.49% from the company’s current price.
Several other analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Tuesday, August 9th. Rosenblatt Securities boosted their target price on shares of HubSpot from $61.00 to $67.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Stephens initiated coverage on shares of HubSpot in a research note on Tuesday, August 30th. They set an “overweight” rating and a $65.00 target price for the company. Vetr lowered shares of HubSpot from a “strong-buy” rating to a “buy” rating and set a $60.75 target price for the company. in a research note on Monday, August 1st. Finally, Morgan Stanley boosted their target price on shares of HubSpot from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, July 14th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. HubSpot has an average rating of “Buy” and an average price target of $63.00.
Shares of HubSpot (NYSE:HUBS) traded up 2.20% during trading on Friday, hitting $57.62. 197,207 shares of the stock were exchanged. HubSpot has a 12-month low of $27.00 and a 12-month high of $60.11. The stock has a 50-day moving average of $56.32 and a 200 day moving average of $49.43. The stock’s market cap is $2.04 billion.
HubSpot (NYSE:HUBS) last issued its quarterly earnings results 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. The business earned $65 million during 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 business’s revenue was up 51.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. Equities analysts predict that HubSpot will post ($0.53) earnings per share for the current fiscal year.
In other HubSpot news, CEO Brian Halligan sold 20,000 shares of the company’s stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $42.34, for a total value of $846,800.00. Following the completion of the sale, the chief executive officer now directly owns 809,216 shares of the company’s stock, valued at approximately $34,262,205.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Dharmesh Shah sold 40,000 shares of the company’s stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $51.00, for a total transaction of $2,040,000.00. Following the completion of the sale, the chief technology officer now directly owns 1,833,510 shares of the company’s stock, valued at $93,509,010. The disclosure for this sale can be found here. 18.50% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of HUBS. BlackRock Inc. increased its stake in shares of 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 last quarter. Teacher Retirement System of Texas increased its stake 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. Glenmede Trust Co. NA bought a new stake in HubSpot during the second quarter valued at about $188,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in HubSpot during the second quarter valued at about $200,000. Finally, Barclays PLC increased its stake 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 during the last quarter. 88.33% of the stock is owned by institutional investors.
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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