DA Davidson Analysts Give HubSpot Inc. (HUBS) a $76.00 Price Target
Several other equities research analysts also recently commented on the stock. Morgan Stanley reiterated a buy rating on shares of HubSpot in a research note on Sunday, July 17th. KeyCorp lifted their price objective on shares of HubSpot from $60.00 to $67.00 and gave the stock an overweight rating in a research note on Tuesday, September 13th. BTIG Research reiterated a neutral rating on shares of HubSpot in a research note on Tuesday, November 1st. Stifel Nicolaus lifted their price objective on shares of HubSpot from $61.00 to $62.00 and gave the stock a buy rating in a research note on Thursday, August 4th. Finally, Zacks Investment Research downgraded shares of HubSpot from a buy rating to a hold rating in a research note on Wednesday, October 5th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $62.65.
Shares of HubSpot (NYSE:HUBS) opened at 56.00 on Thursday. HubSpot has a 1-year low of $27.00 and a 1-year high of $60.11. The stock’s market capitalization is $1.99 billion. The stock has a 50 day moving average price of $54.48 and a 200 day moving average price of $51.78.
HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 2nd. The company reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.08. The company earned $70.60 million during the quarter, compared to the consensus estimate of $67.93 million. HubSpot had a negative net margin of 16.95% and a negative return on equity of 34.53%. HubSpot’s revenue was up 48.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.27) earnings per share. Equities research analysts anticipate that HubSpot will post ($0.44) EPS for the current year.
In other news, CEO Brian Halligan sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $57.16, for a total value of $1,143,200.00. Following the sale, the chief executive officer now directly owns 784,154 shares of the company’s stock, valued at approximately $44,822,242.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Hunter Madeley sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $57.45, for a total transaction of $45,960.00. Following the completion of the sale, the insider now directly owns 110,296 shares in the company, valued at $6,336,505.20. The disclosure for this sale can be found here. 18.50% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Highbridge Capital Management LLC bought a new stake in HubSpot during the third quarter worth about $3,144,000. Symmetry Peak Management LLC bought a new stake in HubSpot during the third quarter worth about $3,140,000. Baker Avenue Asset Management LP bought a new stake in HubSpot during the third quarter worth about $351,000. The Manufacturers Life Insurance Company bought a new stake in HubSpot during the third quarter worth about $1,140,000. Finally, Ardsley Advisory Partners bought a new stake in HubSpot during the third quarter worth about $2,881,000. 88.31% of the stock is currently owned by institutional investors and hedge funds.
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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