HubSpot, Inc. (HUBS) Price Target Increased to $93.00 by Analysts at Morgan Stanley
HubSpot, Inc. (NYSE:HUBS) had its price objective hoisted by stock analysts at Morgan Stanley from $90.00 to $93.00 in a note issued to investors on Monday. The firm currently has an “overweight” rating on the software maker’s stock. Morgan Stanley’s price target would indicate a potential upside of 10.12% from the company’s previous close.
Other research analysts have also recently issued research reports about the company. BidaskClub raised HubSpot from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 2nd. TheStreet raised HubSpot from a “d” rating to a “c-” rating in a research report on Monday, October 9th. Zacks Investment Research cut HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Summit Redstone reaffirmed a “hold” rating on shares of HubSpot in a research report on Thursday, August 3rd. Finally, UBS AG reaffirmed an “outperform” rating and set a $82.00 price target (up previously from $80.00) on shares of HubSpot in a research report on Wednesday, September 27th. Two investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. HubSpot presently has a consensus rating of “Buy” and an average price target of $79.74.
HubSpot (NYSE HUBS) traded down 0.82% during midday trading on Monday, hitting $84.45. The stock had a trading volume of 256,595 shares. The stock’s 50-day moving average is $79.09 and its 200-day moving average is $71.53. HubSpot has a 1-year low of $44.90 and a 1-year high of $86.90. The stock’s market capitalization is $3.13 billion.
HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $85.80 million. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. The business’s revenue was up 37.1% on a year-over-year basis. On average, equities research analysts anticipate that HubSpot will post $0.10 EPS for the current fiscal year.
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In other HubSpot news, insider Hunter Madeley sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $72.80, for a total value of $72,800.00. Following the transaction, the insider now directly owns 66,887 shares in the company, valued at approximately $4,869,373.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John Kinzer sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $78.75, for a total value of $787,500.00. Following the completion of the transaction, the chief financial officer now owns 85,947 shares in the company, valued at $6,768,326.25. The disclosure for this sale can be found here. Insiders have sold a total of 63,000 shares of company stock worth $4,589,420 in the last three months. 12.10% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. ETF Managers Group LLC bought a new position in HubSpot in the 2nd quarter worth about $110,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in HubSpot by 136.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,720 shares of the software maker’s stock worth $113,000 after acquiring an additional 994 shares during the last quarter. Sei Investments Co. increased its stake in HubSpot by 41.3% in the 2nd quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock worth $142,000 after acquiring an additional 631 shares during the last quarter. Independent Portfolio Consultants Inc. increased its stake in HubSpot by 168.8% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,903 shares of the software maker’s stock worth $191,000 after acquiring an additional 1,823 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in HubSpot by 18.5% in the 2nd 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. Institutional investors and hedge funds own 96.09% of the company’s stock.
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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