Stock analysts at Goldman Sachs Group Inc. began coverage on shares of HubSpot Inc. (NYSE:HUBS) in a research note issued to investors on Tuesday. The firm set a “neutral” rating and a $57.00 price target on the stock. Goldman Sachs Group Inc.’s price objective suggests a potential downside of 2.15% from the company’s current price.
A number of other brokerages have also issued reports on HUBS. Stifel Nicolaus started coverage on HubSpot in a report on Tuesday, July 19th. They issued a “buy” rating and a $61.00 price target for the company.
Rosenblatt Securities boosted their price target on HubSpot from $61.00 to $67.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Needham & Company LLC assumed coverage on HubSpot in a report on Monday, June 13th. They issued a “buy” rating and a $60.00 price target for the company. Morgan Stanley restated a “buy” rating on shares of HubSpot in a report on Friday, June 10th. Finally, Royal Bank Of Canada upped their target price on HubSpot from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, September 30th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $63.41.
Shares of HubSpot (NYSE:HUBS) opened at 58.25 on Tuesday. HubSpot has a 12-month low of $27.00 and a 12-month high of $60.11. The firm has a 50 day moving average price of $56.26 and a 200-day moving average price of $49.75. The company’s market cap is $2.06 billion.
HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.08. The firm earned $65 million during the quarter, compared to analyst estimates of $61.67 million. HubSpot had a negative return on equity of 36.88% and a negative net margin of 20.03%. HubSpot’s quarterly revenue was up 51.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.17) earnings per share. On average, equities analysts expect that HubSpot will post ($0.53) earnings per share for the current fiscal year.
In related news, insider Dharmesh Shah sold 40,000 shares of the company’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $57.24, for a total value of $2,289,600.00. Following the transaction, the insider now directly owns 1,819,407 shares of the company’s stock, valued at approximately $104,142,856.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Hunter Madeley sold 800 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $53.58, for a total value of $42,864.00. Following the sale, the insider now directly owns 115,508 shares in the company, valued at $6,188,918.64. The disclosure for this sale can be found here. 18.50% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of HubSpot by 150.5% in the second quarter. BlackRock Inc. now owns 2,981 shares of the company’s stock valued at $129,000 after buying an additional 1,791 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of HubSpot by 67.7% in the second quarter. Teacher Retirement System of Texas now owns 3,146 shares of the company’s stock valued at $137,000 after buying an additional 1,270 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of HubSpot by 100.3% in the third quarter. BNP Paribas Arbitrage SA now owns 2,638 shares of the company’s stock valued at $152,000 after buying an additional 1,321 shares in the last quarter. Glenmede Trust Co. NA bought a new stake in shares of HubSpot during the second quarter valued at $188,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of HubSpot during the second quarter valued at $200,000. 88.33% of the stock is currently owned by institutional investors.
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications, which include social media, search engine optimization (SEO), blogging, Website content management, marketing automation, e-mail, customer relationship management (CRM), analytics and reporting.
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