HubSpot Inc. (HUBS) Rating Reiterated by Rosenblatt Securities
HubSpot Inc. (NYSE:HUBS)‘s stock had its “buy” rating reiterated by investment analysts at Rosenblatt Securities in a research note issued on Friday. They presently have a $67.00 price objective on the stock. Rosenblatt Securities’ price objective indicates a potential upside of 16.42% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Tuesday, August 9th. Vetr lowered shares of 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. Stifel Nicolaus raised their price objective 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. Morgan Stanley restated a “buy” rating on shares of HubSpot in a research report on Sunday, July 17th. Finally, Needham & Company LLC started coverage on shares of HubSpot in a research report on Monday, June 13th. They issued a “buy” rating and a $60.00 price objective for the company. Four investment 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 stock has a consensus rating of “Buy” and an average target price of $63.41.
HubSpot (NYSE:HUBS) traded down 0.78% during trading on Friday, reaching $57.55. The company had a trading volume of 196,435 shares. The company has a 50-day moving average price of $56.33 and a 200 day moving average price of $49.88. The company’s market capitalization is $2.03 billion. HubSpot has a one year low of $27.00 and a one year high of $60.11.
HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.08. HubSpot had a negative net margin of 20.03% and a negative return on equity of 36.88%. The company earned $65 million during the quarter, compared to analyst estimates of $61.67 million. During the same period last year, the business earned ($0.17) earnings per share. HubSpot’s revenue was up 51.4% compared to the same quarter last year. Analysts expect that HubSpot will post ($0.53) earnings per share for the current year.
In other HubSpot news, CTO Dharmesh Shah sold 40,000 shares of the business’s stock in a transaction on 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 transaction, the chief technology officer now directly owns 1,833,510 shares of the company’s stock, valued at approximately $93,509,010. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel John P. Kelleher sold 7,666 shares of the business’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 transaction, the general counsel now directly owns 69,889 shares in the company, valued at $3,539,178.96. The disclosure for this sale can be found here. 18.50% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its position in shares of 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. Schwab Charles Investment Management Inc. increased its position in shares of HubSpot by 34.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 59,031 shares of the company’s stock worth $2,564,000 after buying an additional 15,220 shares during the last quarter. Legal & General Group Plc increased its position in shares of HubSpot by 33.3% in the second quarter. Legal & General Group Plc now owns 6,031 shares of the company’s stock worth $262,000 after buying an additional 1,508 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of HubSpot by 57.6% in the second quarter. Metropolitan Life Insurance Co. NY now owns 20,863 shares of the company’s stock worth $906,000 after buying an additional 7,621 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of HubSpot during the second quarter worth about $4,850,000. 88.33% of the stock is currently owned by institutional investors and hedge funds.
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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