HubSpot, Inc. (HUBS) Raised to C- at TheStreet
A number of other analysts have also recently issued reports on the company. Morgan Stanley lifted their price objective on HubSpot from $78.00 to $80.00 and gave the company an overweight rating in a research report on Thursday, July 20th. SunTrust Banks, Inc. started coverage on HubSpot in a research report on Monday, June 26th. They set a buy rating and a $81.00 price objective for the company. Evercore ISI started coverage on HubSpot in a research report on Friday, September 8th. They set an outperform rating and a $90.00 price objective for the company. Summit Redstone reissued a hold rating on shares of HubSpot in a research report on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. set a $80.00 price objective on HubSpot and gave the company a buy rating in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $79.47.
HubSpot (NYSE HUBS) opened at 83.80 on Monday. The company’s 50-day moving average price is $76.03 and its 200 day moving average price is $70.06. The stock’s market capitalization is $3.10 billion. HubSpot has a 52-week low of $44.90 and a 52-week high of $86.90.
HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The firm had revenue of $89.10 million during the quarter, compared to analysts’ expectations of $85.80 million. HubSpot had a negative return on equity of 27.99% and a negative net margin of 13.17%. The business’s revenue for the quarter was up 37.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.07) earnings per share. On average, equities research analysts anticipate that HubSpot will post $0.09 earnings per share for the current year.
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In related news, CFO John Kinzer sold 15,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $67.23, for a total transaction of $1,008,450.00. Following the transaction, the chief financial officer now directly owns 92,380 shares in the company, valued at $6,210,707.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Hunter Madeley sold 16,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $72.77, for a total value of $1,164,320.00. Following the transaction, the insider now owns 84,549 shares in the company, valued at $6,152,630.73. The disclosure for this sale can be found here. Insiders have sold 63,000 shares of company stock worth $4,589,420 over the last 90 days. Corporate insiders own 12.10% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC grew its stake in shares of HubSpot by 74.6% in the 2nd quarter. Lord Abbett & CO. LLC now owns 474,251 shares of the software maker’s stock valued at $31,182,000 after purchasing an additional 202,640 shares during the period. Dynamic Technology Lab Private Ltd grew its stake in shares of HubSpot by 102.6% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 9,901 shares of the software maker’s stock valued at $651,000 after purchasing an additional 5,013 shares during the period. Verition Fund Management LLC grew its stake in shares of HubSpot by 37.8% in the 2nd quarter. Verition Fund Management LLC now owns 5,099 shares of the software maker’s stock valued at $335,000 after purchasing an additional 1,399 shares during the period. Ameritas Investment Partners Inc. grew its stake in shares of HubSpot by 18.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,955 shares of the software maker’s stock valued at $194,000 after purchasing an additional 462 shares during the period. Finally, California State Teachers Retirement System grew its stake in shares of HubSpot by 5.0% in the 2nd quarter. California State Teachers Retirement System now owns 59,663 shares of the software maker’s stock valued at $3,923,000 after purchasing an additional 2,834 shares during the period. Institutional investors own 96.08% of the company’s stock.
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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