HubSpot Inc. (HUBS) Coverage Initiated by Analysts at Goldman Sachs Group Inc.
Goldman Sachs Group Inc. began coverage on shares of HubSpot Inc. (NYSE:HUBS) in a research report sent to investors on Tuesday morning. The firm issued a neutral rating and a $57.00 price objective on the stock.
A number of other brokerages have also issued reports on HUBS. Vetr lowered HubSpot from a strong-buy rating to a buy rating and set a $61.00 price target on the stock. in a research note on Monday, August 8th. Zacks Investment Research raised HubSpot from a hold rating to a buy rating and set a $65.00 price target on the stock in a research note on Tuesday, August 9th. RBC Capital Markets reaffirmed an outperform rating and issued a $70.00 price target (up from $62.00) on shares of HubSpot in a research note on Sunday. Royal Bank Of Canada lifted their price target on HubSpot from $62.00 to $70.00 and gave the stock an outperform rating in a research note on Friday, September 30th. Finally, Stephens began coverage on HubSpot in a research note on Tuesday, August 30th. They issued an overweight rating and a $65.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $63.41.
HubSpot (NYSE:HUBS) traded up 0.96% during mid-day trading on Tuesday, reaching $58.10. The company’s stock had a trading volume of 25,343 shares. The stock’s market cap is $2.05 billion. The firm’s 50 day moving average price is $56.23 and its 200 day moving average price is $49.68. HubSpot has a 12-month low of $27.00 and a 12-month high of $60.11.
HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.07) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.08. The business earned $65 million during the quarter, compared to analysts’ expectations of $61.67 million. HubSpot had a negative return on equity of 36.88% and a negative net margin of 20.03%. The business’s revenue was up 51.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.17) earnings per share. On average, equities analysts predict that HubSpot will post ($0.53) earnings per share for the current year.
In other HubSpot news, insider Hunter Madeley sold 800 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $53.58, for a total transaction of $42,864.00. Following the sale, the insider now owns 115,508 shares in the company, valued at approximately $6,188,918.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Dharmesh Shah sold 40,000 shares of the company’s stock in a transaction dated Thursday, July 14th. The stock was sold at an average price of $51.00, for a total value of $2,040,000.00. Following the sale, the chief technology officer now owns 1,833,510 shares in the company, valued at approximately $93,509,010. The disclosure for this sale can be found here. 18.50% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. BlackRock Inc. increased its position in 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 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 worth $137,000 after buying an additional 1,270 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in HubSpot by 100.3% in the third quarter. BNP Paribas Arbitrage SA now owns 2,638 shares of the company’s stock worth $152,000 after buying an additional 1,321 shares during the last quarter. Glenmede Trust Co. NA acquired a new position in HubSpot during the second quarter worth approximately $188,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in HubSpot during the second quarter worth approximately $200,000. Institutional investors own 88.33% of the company’s stock.
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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