HubSpot Inc. (HUBS) Rating Reiterated by Rosenblatt Securities
HubSpot Inc. (NYSE:HUBS)‘s stock had its “buy” rating reiterated by investment analysts at Rosenblatt Securities in a research report issued to clients and investors on Friday. They currently have a $67.00 target price on the stock. Rosenblatt Securities’ target price points to a potential upside of 16.42% from the company’s current price.
Several other brokerages also recently weighed in on HUBS. Vetr downgraded HubSpot from a “strong-buy” rating to a “buy” rating and set a $61.00 price target for the company. in a report on Monday, August 8th. Zacks Investment Research raised HubSpot from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Tuesday, August 9th. RBC Capital Markets reissued an “outperform” rating and issued a $70.00 price target (up previously from $62.00) on shares of HubSpot in a report on Sunday, October 2nd. Goldman Sachs Group Inc. began coverage on HubSpot in a report on Tuesday. They issued a “neutral” rating and a $57.00 price target for the company. Finally, DA Davidson began coverage on HubSpot in a report on Tuesday. They issued a “buy” rating and a $76.00 price target for the company. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $63.41.
Shares of HubSpot (NYSE:HUBS) traded down 0.78% during trading on Friday, reaching $57.55. The company’s stock had a trading volume of 196,435 shares. The stock’s market capitalization is $2.03 billion. HubSpot has a 12-month low of $27.00 and a 12-month high of $60.11. The firm’s 50-day moving average is $56.33 and its 200-day moving average is $49.88.
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HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, August 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.08. HubSpot had a negative return on equity of 36.88% and a negative net margin of 20.03%. The company had revenue of $65 million for the quarter, compared to analyst estimates of $61.67 million. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. The firm’s quarterly revenue was up 51.4% compared to the same quarter last year. Equities analysts expect that HubSpot will post ($0.53) earnings per share for the current year.
In other news, CEO Brian Halligan sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $57.16, for a total value of $1,143,200.00. Following the completion of the sale, the chief executive officer now directly owns 784,154 shares in the company, valued at $44,822,242.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Dharmesh Shah sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, July 14th. The shares were sold at an average price of $51.00, for a total value of $2,040,000.00. Following the completion of the sale, the chief technology officer now owns 1,833,510 shares of the company’s stock, valued at $93,509,010. The disclosure for this sale can be found here. 18.50% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in HubSpot by 150.5% in the second quarter. BlackRock Inc. now owns 2,981 shares of the company’s stock worth $129,000 after buying an additional 1,791 shares during the period. Teacher Retirement System of Texas boosted its stake in HubSpot by 67.7% in the second quarter. Teacher Retirement System of Texas now owns 3,146 shares of the company’s stock worth $137,000 after buying an additional 1,270 shares during the period. BNP Paribas Arbitrage SA boosted its stake in HubSpot by 100.3% in the third quarter. BNP Paribas Arbitrage SA now owns 2,638 shares of the company’s stock worth $152,000 after buying an additional 1,321 shares during the period. Glenmede Trust Co. NA acquired a new stake in HubSpot during the second quarter worth approximately $188,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in HubSpot during the second quarter worth approximately $200,000. Institutional investors and hedge funds own 88.33% of the company’s stock.
HubSpot Company Profile
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.
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