HubSpot Inc. (NYSE:HUBS) Given Consensus Recommendation of “Buy” by Analysts
Shares of HubSpot Inc. (NYSE:HUBS) have earned an average rating of “Buy” from the seventeen analysts that are currently covering the company. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $63.21.
Several research analysts have recently weighed in on HUBS shares. Stifel Nicolaus started coverage on shares of HubSpot in a report on Tuesday, July 19th. They issued a “buy” rating and a $61.00 price target for the company.
Rosenblatt Securities boosted their price objective on shares of HubSpot from $61.00 to $67.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Needham & Company LLC began coverage on shares of HubSpot in a research report on Monday, June 13th. They issued a “buy” rating and a $60.00 price objective on the stock. Morgan Stanley reissued a “buy” rating on shares of HubSpot in a research report on Friday, June 10th. Finally, Royal Bank Of Canada boosted their price objective on shares of HubSpot from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday.
In related 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 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 available at this hyperlink. Also, insider Hunter Madeley sold 800 shares of the company’s stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $42.12, for a total transaction of $33,696.00. Following the completion of the transaction, the insider now owns 116,478 shares in the company, valued at $4,906,053.36. The disclosure for this sale can be found here. 18.50% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in HUBS. Wellington Management Group LLP increased its position in HubSpot by 20.6% in the first quarter. Wellington Management Group LLP now owns 2,798,986 shares of the company’s stock valued at $122,092,000 after buying an additional 478,539 shares during the period. Jennison Associates LLC acquired a new position in HubSpot during the second quarter valued at approximately $7,868,000. Cupps Capital Management LLC increased its position in HubSpot by 31.1% in the first quarter. Cupps Capital Management LLC now owns 147,716 shares of the company’s stock valued at $6,443,000 after buying an additional 35,031 shares during the period. Brookside Capital Management LLC acquired a new position in HubSpot during the first quarter valued at approximately $9,387,000. Finally, Geode Capital Management LLC increased its position in HubSpot by 10.4% in the first quarter. Geode Capital Management LLC now owns 74,652 shares of the company’s stock valued at $3,256,000 after buying an additional 7,043 shares during the period. Institutional investors and hedge funds own 88.33% of the company’s stock.
HubSpot (NYSE:HUBS) traded down 0.38% during mid-day trading on Monday, reaching $57.40. 44,478 shares of the company’s stock traded hands. The firm’s market cap is $2.03 billion. HubSpot has a 1-year low of $27.00 and a 1-year high of $60.11. The firm has a 50 day moving average of $56.32 and a 200 day moving average of $49.43.
HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.08. The company earned $65 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 51.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.17) earnings per share. Analysts forecast that HubSpot will post ($0.53) EPS for the current year.
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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