HubSpot Inc. (NYSE:HUBS)‘s stock had its “neutral” rating reissued by equities researchers at BTIG Research in a research note issued on Thursday.

A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research raised shares of HubSpot from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Tuesday, August 9th. Rosenblatt Securities increased their price target on shares of HubSpot from $61.00 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Stephens started coverage on shares of HubSpot in a research note on Tuesday, August 30th. They issued an “overweight” rating and a $65.00 price target for the company. Vetr downgraded shares of HubSpot from a “strong-buy” rating to a “buy” rating and set a $60.75 price target for the company. in a research note on Monday, August 1st. Finally, Royal Bank Of Canada increased their price target on shares of HubSpot from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, September 30th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $62.65.

Analyst Recommendations for HubSpot (NYSE:HUBS)

HubSpot (NYSE:HUBS) opened at 57.30 on Thursday. The stock’s market cap is $2.04 billion. The stock has a 50 day moving average price of $54.61 and a 200-day moving average price of $52.02. HubSpot has a 52 week low of $27.00 and a 52 week high of $60.11.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.08. HubSpot had a negative net margin of 16.95% and a negative return on equity of 34.53%. The company earned $70.60 million during the quarter, compared to the consensus estimate of $67.93 million. During the same period in the prior year, the firm earned ($0.27) earnings per share. HubSpot’s revenue was up 48.0% on a year-over-year basis. On average, equities analysts anticipate that HubSpot will post ($0.44) EPS for the current fiscal year.

In other news, insider J Donald Sherman sold 10,000 shares of HubSpot stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $54.90, for a total transaction of $549,000.00. Following the transaction, the insider now owns 95,985 shares in the company, valued at approximately $5,269,576.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel John P. Kelleher sold 24,673 shares of HubSpot stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $54.81, for a total transaction of $1,352,327.13. Following the transaction, the general counsel now owns 42,269 shares in the company, valued at approximately $2,316,763.89. The disclosure for this sale can be found here. 18.50% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jennison Associates LLC acquired a new position in shares of HubSpot during the second quarter valued at $7,868,000. Emerald Acquisition Ltd. acquired a new position in shares of HubSpot during the second quarter valued at $795,000. Swiss National Bank boosted its position in shares of HubSpot by 38.4% in the second quarter. Swiss National Bank now owns 37,100 shares of the company’s stock valued at $1,611,000 after buying an additional 10,300 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of HubSpot by 51.7% in the second quarter. California State Teachers Retirement System now owns 60,529 shares of the company’s stock valued at $2,628,000 after buying an additional 20,631 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS boosted its position in shares of HubSpot by 51.0% in the second quarter. Kornitzer Capital Management Inc. KS now owns 196,105 shares of the company’s stock valued at $8,515,000 after buying an additional 66,200 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

About HubSpot

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.

5 Day Chart for NYSE:HUBS

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