HubSpot Inc. (HUBS) Now Covered by Analysts at DA Davidson
Several other analysts have also issued reports on HUBS. Morgan Stanley reissued a buy rating on shares of HubSpot in a research report on Sunday, July 17th. 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 target on the stock. KeyCorp boosted their price target on shares of HubSpot from $60.00 to $67.00 and gave the company an overweight rating in a research report on Tuesday, September 13th. RBC Capital Markets reissued an outperform rating and issued a $70.00 price target (up previously from $62.00) on shares of HubSpot in a research report on Sunday. Finally, Stifel Nicolaus boosted their price target on shares of HubSpot from $61.00 to $62.00 and gave the company a buy rating in a research report on Thursday, August 4th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $63.41.
HubSpot (NYSE:HUBS) traded up 0.96% during trading on Tuesday, reaching $58.10. The company’s stock had a trading volume of 25,343 shares. HubSpot has a 52 week low of $27.00 and a 52 week high of $60.11. The company’s market cap is $2.05 billion. The company’s 50 day moving average price is $56.23 and its 200 day moving average price is $49.68.
HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.08. The business had revenue of $65 million for 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 company’s revenue for the quarter was up 51.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.17) earnings per share. On average, equities analysts anticipate that HubSpot will post ($0.53) earnings per share for the current fiscal year.
In related news, General Counsel John P. Kelleher sold 7,666 shares of the company’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $50.64, for a total transaction of $388,206.24. Following the completion of the sale, the general counsel now directly owns 69,889 shares in the company, valued at approximately $3,539,178.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Hunter Madeley sold 800 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were 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 of the company’s stock, valued at $6,188,918.64. The disclosure for this sale can be found here. 18.50% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. Brookside Capital Management LLC purchased a new stake in HubSpot during the first quarter worth approximately $9,387,000. Jacobs Levy Equity Management Inc. raised its stake in HubSpot by 3.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 21,370 shares of the company’s stock worth $932,000 after buying an additional 680 shares in the last quarter. Granahan Investment Management Inc. MA raised its stake in HubSpot by 100.4% in the first quarter. Granahan Investment Management Inc. MA now owns 720,468 shares of the company’s stock worth $31,427,000 after buying an additional 360,869 shares in the last quarter. Wellington Management Group LLP raised its stake in HubSpot by 20.6% in the first quarter. Wellington Management Group LLP now owns 2,798,986 shares of the company’s stock worth $122,092,000 after buying an additional 478,539 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in HubSpot by 10.4% in the first quarter. Geode Capital Management LLC now owns 74,652 shares of the company’s stock worth $3,256,000 after buying an additional 7,043 shares in the last quarter. 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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