HubSpot Inc. (NYSE:HUBS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm presently has a $61.00 price objective on the stock. Zacks Investment Research’s price objective indicates a potential upside of 5.63% from the company’s previous close.
According to Zacks, “HubSpot, Inc. is an inbound marketing software platform that helps companies to attract visitors to their Websites, convert visitors into leads, and close leads into customers. Its software platform consists of integrated applications, such as social media, search engine optimization, blogging, and Website content management, marketing automation, email, and analytics and reporting. The Company provides marketing tools at grader.com and hosts a marketing community at inboundmarketing.com. HubSpot, Inc. is headquartered in Cambridge, Massachusetts. “
HUBS has been the subject of several other research reports. Vetr lowered shares of HubSpot from a “strong-buy” rating to a “buy” rating and set a $61.00 price objective for the company. in a research note on Monday, August 8th. RBC Capital Markets reiterated an “outperform” rating and issued a $70.00 price objective (up previously from $62.00) on shares of HubSpot in a research note on Sunday, October 2nd. Goldman Sachs Group Inc. started coverage on shares of HubSpot in a research note on Tuesday, October 4th. They issued a “neutral” rating and a $57.00 price objective for the company. DA Davidson started coverage on shares of HubSpot in a research note on Tuesday, October 4th. They issued a “buy” rating and a $76.00 price objective for the company. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $67.00 price objective on shares of HubSpot in a research note on Friday, October 7th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. HubSpot presently has a consensus rating of “Buy” and an average target price of $62.65.
Shares of HubSpot (NYSE:HUBS) traded up 0.09% during midday trading on Wednesday, hitting $57.75. 109,397 shares of the stock traded hands. The firm has a 50-day moving average price of $54.60 and a 200-day moving average price of $52.34. HubSpot has a 52 week low of $27.00 and a 52 week high of $60.11. The stock’s market capitalization is $2.06 billion.
HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, November 2nd. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.08. HubSpot had a negative net margin of 16.95% and a negative return on equity of 34.53%. The business had revenue of $70.60 million for the quarter, compared to the consensus estimate of $67.93 million. During the same period last year, the company earned ($0.27) EPS. The firm’s revenue was up 48.0% compared to the same quarter last year. On average, equities analysts predict that HubSpot will post ($0.44) earnings per share for the current fiscal year.
In other HubSpot news, CEO Brian Halligan sold 20,000 shares of the company’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $57.16, for a total transaction of $1,143,200.00. Following the sale, the chief executive officer now directly owns 784,154 shares of the company’s stock, valued at $44,822,242.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider J Donald Sherman sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $54.90, for a total transaction of $549,000.00. Following the sale, the insider now directly owns 95,985 shares in the company, valued at $5,269,576.50. The disclosure for this sale can be found here. 18.50% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in HUBS. 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 worth $129,000 after buying an additional 1,791 shares during 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 worth $137,000 after buying an additional 1,270 shares during 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 worth $152,000 after buying an additional 1,321 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of HubSpot during the third quarter worth about $156,000. Finally, Solaris Asset Management LLC increased 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 during the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.
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.