Canaccord Genuity Raises HubSpot, Inc. (HUBS) Price Target to $0.00
HubSpot, Inc. (NYSE:HUBS) had its target price upped by analysts at Canaccord Genuity from $8,398.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the software maker’s stock.
A number of other equities analysts have also recently commented on HUBS. Needham & Company LLC raised their target price on HubSpot to $95.00 and gave the company a “buy” rating in a report on Thursday. UBS AG reiterated an “outperform” rating and issued a $91.00 price objective (up previously from $82.00) on shares of HubSpot in a research note on Thursday, October 26th. Cowen and Company lifted their price objective on HubSpot from $69.00 to $76.00 and gave the company a “market perform” rating in a research note on Thursday, September 28th. Oppenheimer Holdings, Inc. set a $91.00 price objective on HubSpot and gave the company a “buy” rating in a research note on Wednesday, October 25th. Finally, KeyCorp reiterated a “buy” rating and issued a $86.00 price objective on shares of HubSpot in a research note on Wednesday, September 27th. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. HubSpot currently has an average rating of “Buy” and an average target price of $82.67.
HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 1st. The software maker reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.15. HubSpot had a negative return on equity of 27.99% and a negative net margin of 13.17%. The company had revenue of $97.73 million during the quarter, compared to analysts’ expectations of $96.50 million. During the same period last year, the business posted ($0.05) EPS. HubSpot’s revenue for the quarter was up 38.4% on a year-over-year basis.
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In related news, CFO John Kinzer sold 15,000 shares of HubSpot 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 in the company, valued at $6,210,707.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Hunter Madeley sold 1,000 shares of HubSpot stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $72.80, for a total value of $72,800.00. Following the completion of the sale, the insider now owns 66,887 shares in the company, valued at $4,869,373.60. The disclosure for this sale can be found here. Insiders sold a total of 47,000 shares of company stock worth $3,425,100 over the last quarter. Company insiders own 12.10% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC boosted its position in HubSpot by 1.1% during the second quarter. FMR LLC now owns 5,481,280 shares of the software maker’s stock worth $360,394,000 after purchasing an additional 59,473 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of HubSpot by 2.7% in the first quarter. Wellington Management Group LLP now owns 3,647,348 shares of the software maker’s stock worth $220,847,000 after acquiring an additional 94,981 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of HubSpot by 3.9% in the second quarter. Vanguard Group Inc. now owns 2,626,896 shares of the software maker’s stock worth $172,718,000 after acquiring an additional 97,869 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of HubSpot by 145.0% in the second quarter. Bank of New York Mellon Corp now owns 2,366,568 shares of the software maker’s stock worth $155,602,000 after acquiring an additional 1,400,677 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of HubSpot by 109.4% in the fourth quarter. Alliancebernstein L.P. now owns 2,246,679 shares of the software maker’s stock worth $126,510,000 after acquiring an additional 1,173,585 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.
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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