HubSpot, Inc. (NYSE:HUBS)‘s stock had its “sector weight” rating reissued by investment analysts at KeyCorp in a report issued on Friday.

A number of other brokerages also recently weighed in on HUBS. UBS AG reissued an “outperform” rating and issued a $80.00 price objective (up from $78.00) on shares of HubSpot in a research note on Wednesday, August 9th. SunTrust Banks, Inc. initiated coverage on HubSpot in a research note on Monday, June 26th. They issued a “buy” rating and a $81.00 price objective on the stock. Zacks Investment Research downgraded HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Needham & Company LLC reissued a “buy” rating and issued a $80.00 price objective on shares of HubSpot in a research note on Tuesday, September 19th. Finally, Oppenheimer Holdings, Inc. set a $80.00 price target on HubSpot and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Two research 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. The company presently has an average rating of “Buy” and a consensus price target of $79.47.

Shares of HubSpot (NYSE:HUBS) traded down 1.64% during mid-day trading on Friday, reaching $84.10. 32,135 shares of the company’s stock traded hands. HubSpot has a 1-year low of $44.90 and a 1-year high of $86.90. The firm has a 50-day moving average price of $76.49 and a 200-day moving average price of $70.17. The company’s market capitalization is $3.11 billion.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.07 earnings per share for the quarter, beating the Zacks’ 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 last year, the business earned ($0.07) EPS. The firm’s revenue was up 37.1% compared to the same quarter last year. On average, equities research analysts forecast that HubSpot will post $0.09 earnings per share for the current fiscal year.

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In other news, insider Hunter Madeley sold 16,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $72.77, for a total transaction of $1,164,320.00. Following the completion of the sale, the insider now owns 84,549 shares in the company, valued at $6,152,630.73. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO John Kinzer sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $78.75, for a total value of $787,500.00. Following the sale, the chief financial officer now owns 85,947 shares of the company’s stock, valued at approximately $6,768,326.25. The disclosure for this sale can be found here. In the last three months, insiders sold 63,000 shares of company stock worth $4,589,420. Insiders own 12.10% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC raised its position in shares of HubSpot by 74.6% during the second quarter. Lord Abbett & CO. LLC now owns 474,251 shares of the software maker’s stock worth $31,182,000 after acquiring an additional 202,640 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its position in shares of HubSpot by 102.6% during the second quarter. Dynamic Technology Lab Private Ltd now owns 9,901 shares of the software maker’s stock worth $651,000 after acquiring an additional 5,013 shares during the last quarter. Verition Fund Management LLC raised its position in shares of HubSpot by 37.8% during the second quarter. Verition Fund Management LLC now owns 5,099 shares of the software maker’s stock worth $335,000 after acquiring an additional 1,399 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of HubSpot by 18.5% during the second quarter. Ameritas Investment Partners Inc. now owns 2,955 shares of the software maker’s stock worth $194,000 after acquiring an additional 462 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in shares of HubSpot by 5.0% during the second quarter. California State Teachers Retirement System now owns 59,663 shares of the software maker’s stock worth $3,923,000 after acquiring an additional 2,834 shares during the last quarter. Institutional investors own 96.08% of the company’s stock.

About HubSpot

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.

Analyst Recommendations for HubSpot (NYSE:HUBS)

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