UBS AG restated their buy rating on shares of HubSpot, Inc. (NYSE:HUBS) in a research report report published on Thursday. UBS AG currently has a $84.00 price target on the software maker’s stock, up from their prior price target of $77.00.

Several other research firms have also commented on HUBS. Morgan Stanley upped their price target on shares of HubSpot from $78.00 to $80.00 and gave the company an overweight rating in a report on Thursday, July 20th. Canaccord Genuity upped their price target on shares of HubSpot from $80.00 to $83.00 and gave the company a buy rating in a report on Thursday. Stephens reaffirmed an overweight rating and issued a $76.00 price target (up from $70.00) on shares of HubSpot in a report on Thursday, May 4th. Cowen and Company reaffirmed a market perform rating and issued a $63.00 price target (up from $53.00) on shares of HubSpot in a report on Thursday, May 4th. Finally, Stifel Nicolaus reaffirmed a buy rating and issued a $75.00 price target (up from $64.00) on shares of HubSpot in a report on Thursday, May 4th. Three research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $71.86.

Shares of HubSpot (NYSE:HUBS) traded down 0.35% during trading on Thursday, reaching $71.85. The company had a trading volume of 477,557 shares. The company’s 50 day moving average is $69.39 and its 200-day moving average is $64.17. The stock’s market capitalization is $2.63 billion. HubSpot has a 1-year low of $44.90 and a 1-year high of $78.50.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.08. HubSpot had a negative net margin of 13.17% and a negative return on equity of 27.99%. The company had revenue of $89.10 million for the quarter, compared to analyst estimates of $85.80 million. During the same period in the prior year, the company earned ($0.07) earnings per share. The firm’s revenue was up 37.1% on a year-over-year basis. On average, equities research analysts anticipate that HubSpot will post $0.03 earnings per share for the current year.

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In related news, Director Lorrie M. Norrington sold 4,899 shares of the company’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $65.25, for a total transaction of $319,659.75. Following the completion of the transaction, the director now owns 2,164 shares in the company, valued at approximately $141,201. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Hunter Madeley sold 16,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $72.77, for a total transaction of $1,164,320.00. Following the transaction, the insider now owns 84,549 shares of the company’s stock, valued at approximately $6,152,630.73. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,899 shares of company stock valued at $3,934,380. Insiders own 18.50% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Point72 Asia Hong Kong Ltd increased its stake in HubSpot by 153.1% in the first quarter. Point72 Asia Hong Kong Ltd now owns 1,706 shares of the software maker’s stock worth $103,000 after buying an additional 1,032 shares during the last quarter. Sei Investments Co. increased its stake in HubSpot by 41.3% in the second quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock worth $142,000 after buying an additional 631 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in HubSpot during the first quarter worth approximately $151,000. Independent Portfolio Consultants Inc. increased its stake in HubSpot by 168.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,903 shares of the software maker’s stock worth $191,000 after buying an additional 1,823 shares during the last quarter. Finally, Amalgamated Bank acquired a new stake in HubSpot during the first quarter worth approximately $214,000. Institutional investors own 92.57% of the company’s stock.

About HubSpot

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.

Analyst Recommendations for HubSpot (NYSE:HUBS)

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