HubSpot, Inc. (NYSE:HUBS)‘s stock had its “buy” rating reaffirmed by investment analysts at Oppenheimer Holdings, Inc. in a research report issued on Wednesday.

HUBS has been the topic of several other reports. Morgan Stanley upped their target price on shares of HubSpot from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, July 20th. Cowen and Company restated a “market perform” rating and set a $69.00 target price (up from $63.00) on shares of HubSpot in a research report on Friday, August 4th. UBS AG restated a “buy” rating and set a $84.00 target price (up from $77.00) on shares of HubSpot in a research report on Thursday, August 3rd. Canaccord Genuity upped their target price on shares of HubSpot from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Finally, Stephens restated an “overweight” rating and set a $76.00 target price (up from $70.00) on shares of HubSpot in a research report on Thursday, May 4th. Four research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. HubSpot currently has a consensus rating of “Buy” and a consensus price target of $72.19.

HubSpot (NYSE HUBS) traded down 0.07% during midday trading on Wednesday, reaching $69.30. The company’s stock had a trading volume of 250,552 shares. HubSpot has a one year low of $44.90 and a one year high of $78.50. The firm’s market cap is $2.54 billion. The firm has a 50 day moving average price of $69.70 and a 200 day moving average price of $64.33.

HubSpot (NYSE:HUBS) last released its quarterly earnings data 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 business had revenue of $89.10 million during the quarter, compared to the consensus estimate of $85.80 million. During the same quarter in the prior year, the firm earned ($0.07) EPS. The business’s revenue was up 37.1% on a year-over-year basis. Equities research analysts forecast that HubSpot will post $0.05 EPS for the current fiscal year.

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In other news, insider Hunter Madeley sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $73.95, for a total transaction of $73,950.00. Following the transaction, the insider now directly owns 89,874 shares of the company’s stock, valued at $6,646,182.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian Halligan sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $64.75, for a total transaction of $1,618,750.00. Following the transaction, the chief executive officer now directly owns 806,787 shares in the company, valued at $52,239,458.25. The disclosure for this sale can be found here. Insiders sold a total of 57,899 shares of company stock worth $3,934,380 over the last three months. 18.50% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. Point72 Asia Hong Kong Ltd raised its position in shares of 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 period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of HubSpot by 136.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,720 shares of the software maker’s stock worth $113,000 after buying an additional 994 shares during the period. Sei Investments Co. raised its position in shares of 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 period. Ameritas Investment Partners Inc. bought a new position in shares of HubSpot during the first quarter worth approximately $151,000. Finally, Independent Portfolio Consultants Inc. raised its position in shares of 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 period. 92.23% 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 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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