Evercore ISI Begins Coverage on HubSpot, Inc. (HUBS)
Evercore ISI began coverage on shares of HubSpot, Inc. (NYSE:HUBS) in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm issued an outperform rating and a $90.00 price target on the software maker’s stock.
HUBS has been the topic of several other research reports. UBS AG reiterated a buy rating and set a $84.00 price objective (up previously from $77.00) on shares of HubSpot in a report on Thursday, August 3rd. Cowen and Company reiterated a market perform rating and set a $69.00 price objective (up previously from $63.00) on shares of HubSpot in a report on Friday, August 4th. BidaskClub cut HubSpot from a strong-buy rating to a buy rating in a report on Friday, August 11th. Summit Redstone reiterated a hold rating on shares of HubSpot in a report on Thursday, August 3rd. Finally, Canaccord Genuity lifted their price objective on HubSpot from $80.00 to $83.00 and gave the company a buy rating in a report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $73.00.
HubSpot (HUBS) opened at 71.70 on Friday. The stock has a 50 day moving average price of $70.93 and a 200-day moving average price of $67.07. The firm’s market cap is $2.65 billion. HubSpot has a one year low of $44.90 and a one year high of $78.50.
HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.08. HubSpot had a negative return on equity of 27.99% and a negative net margin of 13.17%. The business had revenue of $89.10 million for the quarter, compared to analysts’ expectations of $85.80 million. During the same quarter in the previous year, the business posted ($0.07) EPS. HubSpot’s revenue for the quarter was up 37.1% on a year-over-year basis. Analysts predict that HubSpot will post $0.05 EPS for the current fiscal year.
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In other HubSpot news, Director Lorrie M. Norrington sold 4,899 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $65.25, for a total transaction of $319,659.75. Following the transaction, the director now owns 2,164 shares of the company’s stock, valued at approximately $141,201. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Hunter Madeley sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $72.80, for a total value of $72,800.00. Following the transaction, the insider now directly owns 66,887 shares in the company, valued at approximately $4,869,373.60. The disclosure for this sale can be found here. Insiders have sold a total of 62,899 shares of company stock worth $4,247,680 in the last ninety days. Insiders own 18.50% of the company’s stock.
Large investors have recently bought and sold shares of the business. Point72 Asia Hong Kong Ltd increased its position in shares of HubSpot by 153.1% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,706 shares of the software maker’s stock worth $103,000 after purchasing an additional 1,032 shares during the last quarter. ETF Managers Group LLC acquired a new position in shares of HubSpot during the 2nd quarter worth approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of HubSpot by 136.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,720 shares of the software maker’s stock worth $113,000 after acquiring an additional 994 shares during the last quarter. Sei Investments Co. increased its holdings in shares of HubSpot by 41.3% during the 2nd quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock worth $142,000 after acquiring an additional 631 shares during the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of HubSpot during the 1st quarter worth approximately $151,000. 96.08% of the stock is currently owned by hedge funds and other institutional investors.
HubSpot Company Profile
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.
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