Rosenblatt Securities reiterated their buy rating on shares of HubSpot Inc. (NYSE:HUBS) in a report published on Friday morning. They currently have a $67.00 price objective on the stock.
A number of other research firms have also issued reports on HUBS. Vetr lowered HubSpot from a strong-buy rating to a buy rating and set a $61.00 target price for the company. in a report on Monday, August 8th. Zacks Investment Research upgraded HubSpot from a hold rating to a buy rating and set a $65.00 target price for the company in a report on Tuesday, August 9th. RBC Capital Markets reiterated an outperform rating and issued a $70.00 target price (up from $62.00) on shares of HubSpot in a report on Sunday, October 2nd. Goldman Sachs Group Inc. assumed coverage on HubSpot in a report on Tuesday, October 4th. They issued a neutral rating and a $57.00 target price for the company. Finally, DA Davidson assumed coverage on HubSpot in a report on Tuesday, October 4th. They issued a buy rating and a $76.00 target price for the company. Four 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 stock has a consensus rating of Buy and an average target price of $63.41.
Shares of HubSpot (NYSE:HUBS) opened at 55.65 on Friday. HubSpot has a 1-year low of $27.00 and a 1-year high of $60.11. The stock’s market cap is $1.97 billion. The firm’s 50-day moving average price is $56.38 and its 200 day moving average price is $50.07.
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 analysts expect that HubSpot will post ($0.53) earnings per share for the current fiscal year.
In other HubSpot news, General Counsel John P. Kelleher sold 7,666 shares of HubSpot stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $50.64, for a total value of $388,206.24. Following the sale, the general counsel now owns 69,889 shares of the company’s stock, valued at approximately $3,539,178.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Dharmesh Shah sold 40,000 shares of HubSpot stock in a transaction that occurred on Thursday, July 14th. The shares were sold at an average price of $51.00, for a total value of $2,040,000.00. Following the completion of the sale, the chief technology officer now directly owns 1,833,510 shares in the company, valued at approximately $93,509,010. 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 stock. Hamilton Lane Advisors LLC raised its stake in shares of HubSpot by 8.4% in the second quarter. Hamilton Lane Advisors LLC now owns 99,996 shares of the company’s stock worth $4,776,000 after buying an additional 7,710 shares in the last quarter. Alpha Windward LLC acquired a new stake in shares of HubSpot during the second quarter worth $383,000. Brookside Capital Management LLC acquired a new stake in shares of HubSpot during the first quarter worth $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 worth $932,000 after buying an additional 680 shares in the last quarter. Finally, 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 worth $31,427,000 after buying an additional 360,869 shares in the last quarter. 88.33% of the stock is currently owned by institutional investors.
HubSpot Company Profile