HubSpot, Inc. (NYSE:HUBS) Receives Average Recommendation of “Buy” from Analysts
HubSpot, Inc. (NYSE:HUBS) has been assigned an average rating of “Buy” from the twenty-three analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and twenty-one have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $70.45.
A number of research firms have recently weighed in on HUBS. Morgan Stanley upped their target price on shares of HubSpot from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday. SunTrust Banks, Inc. began coverage on shares of HubSpot in a research report on Monday, June 26th. They issued a “buy” rating and a $81.00 target price on the stock. CIBC reaffirmed a “buy” rating and issued a $78.00 target price on shares of HubSpot in a research report on Thursday, May 4th. Stephens reaffirmed an “overweight” rating and issued a $76.00 target price (up from $70.00) on shares of HubSpot in a research report on Thursday, May 4th. Finally, Cowen and Company reissued a “market perform” rating and set a $63.00 price objective (up from $53.00) on shares of HubSpot in a research report on Thursday, May 4th.
In other HubSpot news, CEO Brian Halligan sold 25,000 shares of HubSpot stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $64.75, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Hunter Madeley sold 1,000 shares of HubSpot stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $73.95, for a total transaction of $73,950.00. Following the transaction, the insider now directly owns 89,874 shares of the company’s stock, valued at $6,646,182.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,446 shares of company stock valued at $3,260,644. 18.50% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Profund Advisors LLC purchased a new position in HubSpot during the first quarter valued at approximately $1,053,000. Nationwide Fund Advisors raised its position in HubSpot by 16.2% in the first quarter. Nationwide Fund Advisors now owns 107,735 shares of the software maker’s stock valued at $6,523,000 after buying an additional 14,988 shares during the last quarter. Capital Impact Advisors LLC purchased a new position in HubSpot during the first quarter valued at approximately $1,738,000. Juncture Wealth Strategies LLC purchased a new position in HubSpot during the first quarter valued at approximately $241,000. Finally, Fox Run Management L.L.C. raised its position in HubSpot by 42.0% in the first quarter. Fox Run Management L.L.C. now owns 12,353 shares of the software maker’s stock valued at $748,000 after buying an additional 3,653 shares during the last quarter. 92.45% of the stock is owned by institutional investors.
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HubSpot (NYSE:HUBS) traded down 0.82% on Monday, hitting $73.00. 228,106 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $69.48 and a 200-day moving average price of $62.77. The stock’s market cap is $2.67 billion. HubSpot has a 52-week low of $44.90 and a 52-week high of $78.50.
HubSpot (NYSE:HUBS) last released its earnings results on Tuesday, May 2nd. The software maker reported ($0.22) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.11. The firm had revenue of $82.25 million for the quarter, compared to the consensus estimate of $79.33 million. HubSpot had a negative net margin of 14.78% and a negative return on equity of 35.75%. Analysts predict that HubSpot will post ($0.08) 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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