HubSpot Inc. (HUBS) Earns Neutral Rating from Analysts at Goldman Sachs Group Inc.
Goldman Sachs Group Inc. initiated coverage on shares of HubSpot Inc. (NYSE:HUBS) in a report released on Tuesday morning. The brokerage issued a neutral rating and a $57.00 price target on the stock.
Several other research analysts also recently issued reports on the stock. Morgan Stanley reiterated a buy rating on shares of HubSpot in a research report on Sunday, July 17th. Needham & Company LLC began coverage on shares of HubSpot in a research report on Monday, June 13th. They set a buy rating and a $60.00 price target on the stock. KeyCorp upped their price target on shares of HubSpot from $60.00 to $67.00 and gave the stock an overweight rating in a research report on Tuesday, September 13th. RBC Capital Markets reiterated an outperform rating and set a $70.00 price target (up previously from $62.00) on shares of HubSpot in a research report on Sunday, October 2nd. Finally, Stifel Nicolaus upped their price target on shares of HubSpot from $61.00 to $62.00 and gave the stock a buy rating in a research report on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $63.41.
Shares of HubSpot (NYSE:HUBS) traded up 0.43% during trading on Tuesday, hitting $58.25. 14,507 shares of the stock traded hands. HubSpot has a 1-year low of $27.00 and a 1-year high of $60.11. The company’s market cap is $2.06 billion. The company has a 50 day moving average of $56.29 and a 200-day moving average of $49.81.
HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.08. HubSpot had a negative net margin of 20.03% and a negative return on equity of 36.88%. The company had revenue of $65 million for the quarter, compared to the consensus estimate of $61.67 million. During the same quarter in the previous year, the company earned ($0.17) EPS. The firm’s revenue for the quarter was up 51.4% compared to the same quarter last year. On average, equities analysts anticipate that HubSpot will post ($0.53) EPS for the current fiscal year.
In related news, CTO Dharmesh Shah sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, July 14th. The stock was sold at an average price of $51.00, for a total value of $2,040,000.00. Following the completion of the transaction, the chief technology officer now directly owns 1,833,510 shares in the company, valued at approximately $93,509,010. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Halligan sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $57.16, for a total value of $1,143,200.00. Following the completion of the transaction, the chief executive officer now owns 784,154 shares of the company’s stock, valued at $44,822,242.64. The disclosure for this sale can be found here. 18.50% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its position in 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 period. BlackRock Inc. increased its position in 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 period. Teacher Retirement System of Texas increased its position in 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 period. Glenmede Trust Co. NA purchased a new position in HubSpot during the second quarter worth $188,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in HubSpot during the second quarter worth $200,000. Institutional investors and hedge funds own 88.33% of the company’s stock.
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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