HubSpot Inc. (NYSE:HUBS) Receives $63.21 Consensus PT from Analysts
Shares of HubSpot Inc. (NYSE:HUBS) have been assigned an average recommendation of “Buy” from the nineteen research firms that are presently covering the company. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $63.53.
A number of analysts have weighed in on the company. Morgan Stanley reaffirmed a “buy” rating on shares of HubSpot in a research report on Sunday, July 17th. Zacks Investment Research cut HubSpot from a “buy” rating to a “hold” rating in a research report on Wednesday. Needham & Company LLC started coverage on HubSpot in a research report on Monday, June 13th. They set a “buy” rating and a $60.00 price objective for the company. KeyCorp raised their price target on HubSpot from $60.00 to $67.00 and gave the company an “overweight” rating in a report on Tuesday, September 13th. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $70.00 price target (up from $62.00) on shares of HubSpot in a report on Sunday.
Shares of HubSpot (NYSE:HUBS) opened at 58.25 on Monday. The stock’s market capitalization is $2.06 billion. 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.
HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.08. HubSpot had a negative return on equity of 36.88% and a negative net margin of 20.03%. The company earned $65 million during the quarter, compared to analysts’ expectations of $61.67 million. During the same period last year, the firm earned ($0.17) EPS. The firm’s revenue for the quarter was up 51.4% on a year-over-year basis. Equities analysts anticipate that HubSpot will post ($0.53) earnings per share for the current fiscal year.
In other news, insider Hunter Madeley sold 800 shares of HubSpot stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $56.34, for a total value of $45,072.00. Following the completion of the sale, the insider now owns 113,302 shares of the company’s stock, valued at $6,383,434.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO John Kinzer sold 10,000 shares of HubSpot stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $56.45, for a total value of $564,500.00. Following the completion of the sale, the chief financial officer now directly owns 96,339 shares of the company’s stock, valued at approximately $5,438,336.55. The disclosure for this sale can be found here. Company insiders own 18.50% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Primecap Management Co. CA acquired a new stake in shares of HubSpot during the first quarter worth approximately $22,464,000. Wellington Management Group LLP increased 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 worth $122,092,000 after buying an additional 478,539 shares in the last quarter. Granahan Investment Management Inc. MA increased 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. BlackRock Fund Advisors increased its stake in shares of HubSpot by 51.1% in the second quarter. BlackRock Fund Advisors now owns 704,347 shares of the company’s stock worth $30,583,000 after buying an additional 238,329 shares in the last quarter. Finally, Brookside Capital Management LLC acquired a new stake in shares of HubSpot during the first quarter worth approximately $9,387,000. 88.33% of the stock is owned by institutional investors and hedge funds.
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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