HubSpot (HUBS) Receiving Favorable Media Coverage, Report Shows
Press coverage about HubSpot (NYSE:HUBS) has been trending positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. HubSpot earned a coverage optimism score of 0.27 on Accern’s scale. Accern also gave news coverage about the software maker an impact score of 45.631453684308 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- DealerTrack Technologies (TRAK) versus HubSpot (HUBS) Head-To-Head Survey (americanbankingnews.com)
- Trustmark National Bank Trust Department Cuts Position in Raytheon Company (RTN) (topactu.net)
- Extra Space Storage Inc (EXR) Releases FY17 Earnings Guidance (vothemes.com)
- Shares Seesawing on Volume: HubSpot Inc (HUBS) – Evergreen Caller (evergreencaller.com)
- IHS Markit Score Update: Drop in demand for ETFs holding HubSpot Inc is a negative sign for its shares (finance.yahoo.com)
Several equities research analysts have weighed in on the stock. Cowen and Company restated a “market perform” rating and issued a $69.00 price objective (up previously from $63.00) on shares of HubSpot in a research report on Friday, August 4th. Oppenheimer Holdings, Inc. set a $80.00 price objective on shares of HubSpot and gave the company a “buy” rating in a research report on Thursday, August 3rd. UBS AG restated a “buy” rating and issued a $84.00 price objective (up previously from $77.00) on shares of HubSpot in a research report on Thursday, August 3rd. Canaccord Genuity raised their price objective 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, Summit Redstone restated a “hold” rating on shares of HubSpot in a research report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $72.19.
Shares of HubSpot (NYSE HUBS) traded up 2.20% during midday trading on Friday, hitting $67.35. 262,752 shares of the stock traded hands. HubSpot has a 52 week low of $44.90 and a 52 week high of $78.50. The firm’s 50-day moving average is $69.85 and its 200 day moving average is $64.98. The company’s market capitalization is $2.49 billion.
HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.08. The company had revenue of $89.10 million during the quarter, compared to the consensus estimate of $85.80 million. HubSpot had a negative net margin of 13.17% and a negative return on equity of 27.99%. The company’s quarterly revenue was up 37.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.07) EPS. Equities analysts forecast that HubSpot will post $0.05 earnings per share for the current year.
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 completion of the sale, the insider now owns 89,874 shares of the company’s stock, valued at approximately $6,646,182.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO John Kinzer sold 10,000 shares of HubSpot stock in a transaction on Monday, May 15th. The shares were sold at an average price of $69.40, for a total transaction of $694,000.00. Following the completion of the sale, the chief financial officer now directly owns 81,658 shares of the company’s stock, valued at approximately $5,667,065.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,899 shares of company stock valued at $3,934,380. Insiders own 18.50% 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 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.
Receive News & Ratings for HubSpot Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HubSpot Inc. and related companies with MarketBeat.com's FREE daily email newsletter.