HubSpot Inc. (NYSE:HUBS) had its target price hoisted by Royal Bank Of Canada from $62.00 to $70.00 in a research note issued to investors on Friday. Royal Bank Of Canada currently has an outperform rating on the stock.
A number of other brokerages also recently issued reports on HUBS. KeyCorp lifted their price target on HubSpot from $60.00 to $67.00 and gave the stock an overweight rating in a report on Tuesday, September 13th. Stephens initiated coverage on HubSpot in a report on Tuesday, August 30th. They set an overweight rating and a $65.00 price target for the company. Vetr downgraded HubSpot from a strong-buy rating to a buy rating and set a $60.75 price target for the company. in a report on Monday, August 1st. Zacks Investment Research raised HubSpot from a hold rating to a buy rating and set a $65.00 price target for the company in a report on Tuesday, August 9th. Finally, Morgan Stanley reaffirmed a buy rating on shares of HubSpot in a report on Friday, June 10th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $63.41.
Shares of HubSpot (NYSE:HUBS) opened at 58.25 on Friday. The company’s 50-day moving average price is $56.26 and its 200 day moving average price is $49.75. HubSpot has a 12-month low of $27.00 and a 12-month high of $60.11. The firm’s market capitalization is $2.06 billion.
HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 revenue was up 51.4% compared to the same quarter last year. During the same period last year, the business posted ($0.17) earnings per share. On average, equities research analysts forecast that HubSpot will post ($0.53) EPS for the current fiscal year.
In other HubSpot news, General Counsel John P. Kelleher sold 7,666 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $50.64, for a total transaction of $388,206.24. Following the transaction, the general counsel now owns 69,889 shares in the company, valued at approximately $3,539,178.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dharmesh Shah sold 40,000 shares of the business’s stock in a transaction that occurred 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 owns 1,819,407 shares in the company, valued at approximately $104,142,856.68. The disclosure for this sale can be found here. Company insiders own 18.50% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. Brookside Capital Management LLC purchased a new stake in shares of HubSpot during the first quarter valued at approximately $9,387,000. Jacobs Levy Equity Management Inc. raised its stake in shares of HubSpot by 3.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 21,370 shares of the company’s stock valued at $932,000 after buying an additional 680 shares during the period. Granahan Investment Management Inc. MA raised its stake in shares of HubSpot by 100.4% in the first quarter. Granahan Investment Management Inc. MA now owns 720,468 shares of the company’s stock valued at $31,427,000 after buying an additional 360,869 shares during the period. Wellington Management Group LLP raised its stake in shares of HubSpot by 20.6% in the first quarter. Wellington Management Group LLP now owns 2,798,986 shares of the company’s stock valued at $122,092,000 after buying an additional 478,539 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of HubSpot by 10.4% in the first quarter. Geode Capital Management LLC now owns 74,652 shares of the company’s stock valued at $3,256,000 after buying an additional 7,043 shares during the period. Institutional investors own 88.33% 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, which include social media, search engine optimization (SEO), blogging, Website content management, marketing automation, e-mail, customer relationship management (CRM), analytics and reporting.
Receive News & Ratings for HubSpot Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HubSpot Inc. and related companies with MarketBeat.com's FREE daily email newsletter.