Shares of HubSpot, Inc. (NYSE:HUBS) have been assigned an average rating of “Buy” from the twenty-five analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, twenty-one have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $79.47.
Several equities research analysts have commented on HUBS shares. SunTrust Banks, Inc. started coverage on HubSpot in a report on Monday, June 26th. They issued a “buy” rating and a $81.00 target price on the stock. Morgan Stanley boosted their target price on HubSpot from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, July 20th. Oppenheimer Holdings, Inc. set a $80.00 target price on HubSpot and gave the stock a “buy” rating in a report on Thursday, August 3rd. Canaccord Genuity boosted their target price on HubSpot from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Finally, UBS AG reissued a “buy” rating and issued a $84.00 target price (up from $77.00) on shares of HubSpot in a report on Thursday, August 3rd.
In other HubSpot news, insider Hunter Madeley sold 1,000 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $84.35, for a total value of $84,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dharmesh Shah sold 20,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the sale, the insider now owns 1,716,316 shares of the company’s stock, valued at approximately $126,320,857.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,000 shares of company stock valued at $4,589,420. 12.10% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of HUBS. UBS Asset Management Americas Inc. increased its position in HubSpot by 147.3% in the first quarter. UBS Asset Management Americas Inc. now owns 12,862 shares of the software maker’s stock worth $779,000 after buying an additional 7,662 shares in the last quarter. Ameriprise Financial Inc. increased its position in HubSpot by 1.7% in the first quarter. Ameriprise Financial Inc. now owns 75,500 shares of the software maker’s stock worth $4,571,000 after buying an additional 1,273 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in HubSpot by 91.6% in the first quarter. Parametric Portfolio Associates LLC now owns 55,414 shares of the software maker’s stock worth $3,355,000 after buying an additional 26,491 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in HubSpot in the first quarter worth about $151,000. Finally, Prudential Financial Inc. purchased a new stake in HubSpot in the first quarter worth about $259,000. Institutional investors and hedge funds own 96.08% of the company’s stock.
Shares of HubSpot (NYSE:HUBS) traded up 2.03% during trading on Friday, hitting $85.50. The company had a trading volume of 477,011 shares. The firm’s market capitalization is $3.17 billion. The company’s 50 day moving average is $76.49 and its 200 day moving average is $70.17. HubSpot has a 1-year low of $44.90 and a 1-year high of $86.90.
HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 2nd. The software maker reported $0.07 EPS for the quarter, topping 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 the consensus estimate of $85.80 million. During the same period in the previous year, the company posted ($0.07) earnings per share. The company’s revenue for the quarter was up 37.1% compared to the same quarter last year. Analysts anticipate that HubSpot will post $0.09 earnings per share for the current fiscal year.
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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