Evercore ISI started coverage on shares of HubSpot, Inc. (NYSE:HUBS) in a research report sent to investors on Monday morning. The firm issued an outperform rating and a $90.00 target price on the software maker’s stock.
Other equities research analysts also recently issued reports about the company. Cowen and Company reiterated a market perform rating and set a $69.00 target price (up from $63.00) on shares of HubSpot in a report on Friday, August 4th. SunTrust Banks, Inc. assumed coverage on HubSpot in a report on Monday, June 26th. They set a buy rating and a $81.00 target price on the stock. Oppenheimer Holdings, Inc. set a $80.00 target price on HubSpot and gave the company a buy rating in a report on Thursday, August 3rd. UBS AG reiterated a buy rating and set a $84.00 target price (up from $77.00) on shares of HubSpot in a report on Thursday, August 3rd. Finally, Canaccord Genuity raised their target price on HubSpot from $80.00 to $83.00 and gave the company a buy rating in a report on Thursday, August 3rd. Four analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $73.60.
Shares of HubSpot (NYSE HUBS) opened at 75.95 on Monday. The stock’s market capitalization is $2.81 billion. The company’s 50 day moving average is $70.80 and its 200-day moving average is $67.71. HubSpot has a 1-year low of $44.90 and a 1-year high of $78.50.
HubSpot (NYSE:HUBS) last announced its 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. The business had revenue of $89.10 million for the quarter, compared to the consensus estimate of $85.80 million. HubSpot had a negative return on equity of 27.99% and a negative net margin of 13.17%. The company’s revenue was up 37.1% on a year-over-year basis. During the same period last year, the business posted ($0.07) EPS. Equities analysts anticipate that HubSpot will post $0.05 earnings per share for the current fiscal year.
In related news, insider Hunter Madeley sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $63.70, for a total transaction of $63,700.00. Following the completion of the transaction, the insider now owns 87,211 shares in the company, valued at approximately $5,555,340.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Kinzer sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $67.23, for a total value of $1,008,450.00. Following the transaction, the chief financial officer now owns 92,380 shares of the company’s stock, valued at approximately $6,210,707.40. The disclosure for this sale can be found here. Insiders sold a total of 37,899 shares of company stock valued at $2,628,930 over the last quarter. Company insiders own 18.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. ETF Managers Group LLC acquired a new position in HubSpot during the 2nd quarter valued at approximately $110,000. Point72 Asia Hong Kong Ltd boosted its position in HubSpot by 153.1% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,706 shares of the software maker’s stock valued at $103,000 after purchasing an additional 1,032 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in HubSpot by 136.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,720 shares of the software maker’s stock valued at $113,000 after purchasing an additional 994 shares during the period. Sei Investments Co. boosted its position in HubSpot by 41.3% during the 2nd quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock valued at $142,000 after purchasing an additional 631 shares during the period. Finally, Ameritas Investment Partners Inc. acquired a new position in HubSpot during the 1st quarter valued at approximately $151,000. Institutional investors and hedge funds own 96.08% 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.
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