HubSpot, Inc. (HUBS) Price Target Raised to $93.00 at Oppenheimer Holdings, Inc.
HubSpot, Inc. (NYSE:HUBS) had its price objective increased by investment analysts at Oppenheimer Holdings, Inc. from $91.00 to $93.00 in a research note issued on Thursday. The firm presently has an “outperform” rating on the software maker’s stock. Oppenheimer Holdings, Inc.’s price target would suggest a potential upside of 7.45% from the company’s previous close.
Several other brokerages have also recently commented on HUBS. UBS AG reiterated an “outperform” rating and set a $80.00 target price (up previously from $78.00) on shares of HubSpot in a research report on Wednesday, August 9th. Morgan Stanley upped their target price on shares of HubSpot from $90.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, October 23rd. Needham & Company LLC reiterated a “buy” rating and set a $80.00 target price on shares of HubSpot in a research report on Tuesday, September 19th. Zacks Investment Research cut shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Canaccord Genuity upped their target price on shares of HubSpot from $8,398.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $83.78.
HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, November 1st. The software maker reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.12) by $0.15. The company had revenue of $97.73 million during the quarter, compared to analysts’ expectations of $96.50 million. HubSpot had a negative net margin of 13.17% and a negative return on equity of 27.99%. The business’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.05) EPS.
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In other HubSpot news, insider Hunter Madeley sold 1,000 shares of the stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $84.35, for a total transaction of $84,350.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John Kinzer sold 10,000 shares of the 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 transaction, 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 quarter, insiders have sold 47,000 shares of company stock valued at $3,425,100. Corporate insiders own 12.10% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its holdings in HubSpot by 1.1% during the 2nd 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. Vanguard Group Inc. increased its holdings in HubSpot by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,626,896 shares of the software maker’s stock worth $172,718,000 after purchasing an additional 97,869 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in HubSpot by 145.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,366,568 shares of the software maker’s stock worth $155,602,000 after purchasing an additional 1,400,677 shares in the last quarter. BlackRock Inc. increased its holdings in HubSpot by 82,588.5% during the 1st quarter. BlackRock Inc. now owns 2,130,883 shares of the software maker’s stock worth $129,025,000 after purchasing an additional 2,128,306 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in HubSpot by 3.5% during the 3rd quarter. First Trust Advisors LP now owns 892,071 shares of the software maker’s stock worth $74,979,000 after purchasing an additional 30,290 shares in the last quarter. Hedge funds and other institutional investors own 96.10% 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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