HubSpot, Inc. (HUBS) Given Consensus Recommendation of “Buy” by Brokerages
HubSpot, Inc. (NYSE:HUBS) has been assigned an average recommendation of “Buy” from the twenty-six brokerages that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, twenty-one have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $72.84.
HUBS has been the topic of several analyst reports. SunTrust Banks, Inc. initiated coverage on HubSpot in a report on Monday, June 26th. They set a “buy” rating and a $81.00 price target on the stock. UBS AG reiterated a “buy” rating and set a $84.00 price target (up previously from $77.00) on shares of HubSpot in a report on Thursday, August 3rd. Canaccord Genuity lifted their price target on HubSpot from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Oppenheimer Holdings, Inc. set a $80.00 price target on HubSpot and gave the stock a “buy” rating in a report on Thursday, August 3rd. Finally, BidaskClub lowered HubSpot from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th.
In other HubSpot news, insider Hunter Madeley sold 1,000 shares of HubSpot stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $72.80, for a total value of $72,800.00. Following the completion of the transaction, the insider now directly owns 66,887 shares of the company’s stock, valued at approximately $4,869,373.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian Halligan sold 25,000 shares of HubSpot stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $64.75, for a total value of $1,618,750.00. Following the completion of the transaction, the chief executive officer now directly owns 806,787 shares of the company’s stock, valued at $52,239,458.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,899 shares of company stock valued at $4,247,680. 18.50% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its position in HubSpot by 1.1% in the 2nd quarter. FMR LLC now owns 5,481,280 shares of the software maker’s stock valued at $360,394,000 after acquiring an additional 59,473 shares in the last quarter. Wellington Management Group LLP grew its position in HubSpot by 2.7% in the 1st quarter. Wellington Management Group LLP now owns 3,647,348 shares of the software maker’s stock valued at $220,847,000 after acquiring an additional 94,981 shares in the last quarter. Vanguard Group Inc. grew its position in HubSpot by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,626,896 shares of the software maker’s stock valued at $172,718,000 after acquiring an additional 97,869 shares in the last quarter. Bank of New York Mellon Corp grew its position in HubSpot by 145.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,366,568 shares of the software maker’s stock valued at $155,602,000 after acquiring an additional 1,400,677 shares in the last quarter. Finally, BlackRock Inc. grew its position in HubSpot by 82,588.5% in the 1st quarter. BlackRock Inc. now owns 2,130,883 shares of the software maker’s stock valued at $129,025,000 after acquiring an additional 2,128,306 shares in the last quarter. 96.08% of the stock is owned by institutional investors.
Shares of HubSpot (NYSE:HUBS) traded down 0.55% on Tuesday, reaching $72.55. 102,009 shares of the company were exchanged. The company’s market capitalization is $2.69 billion. HubSpot has a 52 week low of $44.90 and a 52 week high of $78.50. The company’s 50-day moving average is $70.85 and its 200-day moving average is $67.19.
HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The company had revenue of $89.10 million for the quarter, compared to analyst estimates of $85.80 million. HubSpot had a negative return on equity of 27.99% and a negative net margin of 13.17%. The firm’s revenue for the quarter was up 37.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.07) EPS. On average, equities analysts expect that HubSpot will post $0.05 EPS for the current fiscal year.
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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