A number of other research firms have also recently weighed in on HUBS. Zacks Investment Research cut HubSpot from a hold rating to a sell rating in a research report on Friday, February 17th. Stifel Nicolaus reiterated a buy rating and set a $64.00 target price (up previously from $62.00) on shares of HubSpot in a research report on Thursday, February 16th. William Blair reiterated an outperform rating on shares of HubSpot in a research report on Thursday, February 16th. Needham & Company LLC reiterated a buy rating and set a $65.00 target price on shares of HubSpot in a research report on Thursday, February 16th. Finally, Oppenheimer Holdings Inc. set a $70.00 target price on HubSpot and gave the stock a buy rating in a research report on Tuesday, February 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the stock. HubSpot currently has a consensus rating of Buy and a consensus price target of $63.24.
HubSpot (NYSE:HUBS) opened at 60.55 on Tuesday. HubSpot has a 12-month low of $39.01 and a 12-month high of $66.10. The firm’s market cap is $2.19 billion. The company has a 50-day moving average price of $59.65 and a 200-day moving average price of $54.79.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Tuesday, February 14th. The company reported ($0.13) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.07. HubSpot had a negative return on equity of 34.53% and a negative net margin of 16.95%. The company had revenue of $76.40 million for the quarter, compared to analysts’ expectations of $74.26 million. During the same period last year, the firm earned ($0.12) earnings per share. HubSpot’s quarterly revenue was up 43.9% on a year-over-year basis. On average, equities analysts predict that HubSpot will post ($0.25) earnings per share for the current year.
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In related news, CEO Brian Halligan sold 25,000 shares of the firm’s stock in a transaction dated Thursday, March 23rd. The stock was sold at an average price of $60.05, for a total transaction of $1,501,250.00. Following the transaction, the chief executive officer now owns 845,683 shares of the company’s stock, valued at $50,783,264.15. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel John P. Kelleher sold 546 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $52.07, for a total value of $28,430.22. Following the transaction, the general counsel now directly owns 52,920 shares in the company, valued at approximately $2,755,544.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 180,928 shares of company stock worth $10,808,568. Corporate insiders own 18.50% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. GW&K Investment Management LLC bought a new position in HubSpot during the third quarter worth about $36,268,000. Hamilton Lane Advisors LLC raised its stake in shares of HubSpot by 40.1% in the third quarter. Hamilton Lane Advisors LLC now owns 140,068 shares of the company’s stock worth $8,071,000 after buying an additional 40,072 shares in the last quarter. Lebenthal Lisanti Capital Growth LLC raised its stake in shares of HubSpot by 84.1% in the third quarter. Lebenthal Lisanti Capital Growth LLC now owns 14,625 shares of the company’s stock worth $843,000 after buying an additional 6,680 shares in the last quarter. Solaris Asset Management LLC raised its stake in shares of HubSpot by 1.9% in the third quarter. Solaris Asset Management LLC now owns 2,879 shares of the company’s stock worth $166,000 after buying an additional 54 shares in the last quarter. Finally, Brighton Jones LLC acquired a new stake in shares of HubSpot during the third quarter worth $447,000. 85.89% of the stock is currently owned by hedge funds and other institutional investors.
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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