HubSpot’s (HUBS) Buy Rating Reiterated at 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 presently have a $67.00 price target on the stock. Rosenblatt Securities’ price objective would indicate a potential upside of 16.42% from the company’s previous close.
HUBS has been the topic of a number of other reports. KeyCorp lifted their target price on HubSpot from $60.00 to $67.00 and gave the stock an “overweight” rating in a report on Tuesday, September 13th. Stephens started coverage on HubSpot in a report on Tuesday, August 30th. They set an “overweight” rating and a $65.00 target price on the stock. Royal Bank Of Canada lifted their target price on HubSpot from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, September 30th. Vetr lowered HubSpot from a “strong-buy” rating to a “buy” rating and set a $60.75 target price on the stock. in a report on Monday, August 1st. Finally, Zacks Investment Research raised HubSpot from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Tuesday, August 9th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. HubSpot has a consensus rating of “Buy” and a consensus target price of $63.41.
HubSpot (NYSE:HUBS) traded down 0.78% on Friday, hitting $57.55. 196,435 shares of the stock were exchanged. HubSpot has a 52 week low of $27.00 and a 52 week high of $60.11. The company’s market cap is $2.03 billion. The company’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 released its earnings results on Wednesday, August 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.08. The firm had revenue of $65 million for the quarter, compared to analyst estimates of $61.67 million. HubSpot had a negative return on equity of 36.88% and a negative net margin of 20.03%. HubSpot’s revenue was up 51.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.17) earnings per share. On average, analysts predict that HubSpot will post ($0.53) earnings per share for the current year.
In related news, CTO Dharmesh Shah sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 14th. The stock was sold at an average price of $51.00, for a total value of $2,040,000.00. Following the transaction, the chief technology officer now directly owns 1,833,510 shares of the company’s stock, valued at approximately $93,509,010. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Halligan sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $57.16, for a total value of $1,143,200.00. Following the completion of the transaction, the chief executive officer now directly owns 784,154 shares in the company, valued at $44,822,242.64. The disclosure for this sale can be found here. Insiders own 18.50% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of HUBS. Hamilton Lane Advisors LLC increased its position in shares of HubSpot by 8.4% in the second quarter. Hamilton Lane Advisors LLC now owns 99,996 shares of the company’s stock worth $4,776,000 after buying an additional 7,710 shares during the last quarter. Alpha Windward LLC bought a new position in shares of HubSpot during the second quarter worth $383,000. Brookside Capital Management LLC bought a new position in shares of HubSpot during the first quarter worth $9,387,000. Jacobs Levy Equity Management Inc. increased its position in shares of HubSpot by 3.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 21,370 shares of the company’s stock worth $932,000 after buying an additional 680 shares during the last quarter. Finally, Granahan Investment Management Inc. MA increased its position in shares of HubSpot by 100.4% in the first quarter. Granahan Investment Management Inc. MA now owns 720,468 shares of the company’s stock worth $31,427,000 after buying an additional 360,869 shares during the last quarter. 88.33% of the stock is currently owned by institutional investors and hedge funds.
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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