HubSpot’s (HUBS) Buy Rating Reiterated at Needham & Company LLC
HubSpot, Inc. (NYSE:HUBS)‘s stock had its “buy” rating restated by stock analysts at Needham & Company LLC in a research note issued on Tuesday. They currently have a $80.00 price objective on the software maker’s stock. Needham & Company LLC’s price target would indicate a potential upside of 5.33% from the company’s current price.
Other research analysts also recently issued reports about the stock. SunTrust Banks, Inc. started coverage on shares of HubSpot in a research report on Monday, June 26th. They set a “buy” rating and a $81.00 target price on the stock. UBS AG restated a “buy” rating and set a $84.00 target price (up from $77.00) on shares of HubSpot in a research report on Thursday, August 3rd. Canaccord Genuity upped their target price on shares of HubSpot from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. set a $80.00 target price on shares of HubSpot and gave the company a “buy” rating in a research report on Thursday, August 3rd. Finally, BidaskClub downgraded shares of HubSpot from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Four investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. HubSpot presently has a consensus rating of “Buy” and an average target price of $74.35.
Shares of HubSpot (HUBS) traded up 1.284% during trading on Tuesday, hitting $76.925. 119,137 shares of the stock traded hands. HubSpot has a 1-year low of $44.90 and a 1-year high of $78.50. The company’s market cap is $2.85 billion. The company has a 50 day moving average of $70.80 and a 200-day moving average of $67.71.
HubSpot (NYSE:HUBS) last released its earnings results 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. HubSpot had a negative net margin of 13.17% and a negative return on equity of 27.99%. The company had revenue of $89.10 million for the quarter, compared to the consensus estimate of $85.80 million. During the same period in the prior year, the company posted ($0.07) EPS. The company’s revenue was up 37.1% compared to the same quarter last year. On average, equities analysts anticipate that HubSpot will post $0.05 EPS for the current fiscal year.
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In related news, insider Hunter Madeley sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $63.70, for a total transaction of $63,700.00. Following the completion of the sale, the insider now directly owns 87,211 shares of the company’s stock, valued at approximately $5,555,340.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO John Kinzer sold 15,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $67.23, for a total value of $1,008,450.00. Following the sale, the chief financial officer now directly owns 92,380 shares of the company’s stock, valued at $6,210,707.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,899 shares of company stock valued at $2,628,930. 18.50% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of HUBS. Point72 Asia Hong Kong Ltd increased its stake in HubSpot by 153.1% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,706 shares of the software maker’s stock worth $103,000 after purchasing an additional 1,032 shares in the last quarter. ETF Managers Group LLC bought a new stake in HubSpot during the 2nd quarter worth approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in HubSpot by 136.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,720 shares of the software maker’s stock worth $113,000 after purchasing an additional 994 shares in the last quarter. Sei Investments Co. increased its stake in HubSpot by 41.3% during the 2nd quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock worth $142,000 after purchasing an additional 631 shares in the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in HubSpot during the 1st quarter worth approximately $151,000. 96.08% of the stock is owned by institutional investors and hedge funds.
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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