Equities research analysts at Evercore ISI assumed coverage on shares of HubSpot, Inc. (NYSE:HUBS) in a research report issued to clients and investors on Monday. The firm set an “outperform” rating and a $90.00 price target on the software maker’s stock. Evercore ISI’s price target would suggest a potential upside of 23.20% from the company’s previous close.
Other equities analysts have also issued reports about the company. SunTrust Banks, Inc. started coverage on HubSpot in a research note on Monday, June 26th. They issued a “buy” rating and a $81.00 price objective on the stock. UBS AG reaffirmed a “buy” rating and issued a $84.00 price objective (up from $77.00) on shares of HubSpot in a research note on Thursday, August 3rd. Canaccord Genuity lifted their price objective on HubSpot from $80.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Oppenheimer Holdings, Inc. set a $80.00 price objective on HubSpot and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, BidaskClub lowered HubSpot from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Four equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. HubSpot has an average rating of “Buy” and a consensus target price of $73.60.
Shares of HubSpot (NYSE:HUBS) traded up 2.60% during mid-day trading on Monday, hitting $74.95. 49,443 shares of the stock traded hands. HubSpot has a one year low of $44.90 and a one year high of $78.50. The stock has a 50 day moving average price of $70.70 and a 200-day moving average price of $67.48. The company’s market cap is $2.78 billion.
HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.07 earnings per share 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 analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) EPS. On average, analysts forecast that HubSpot will post $0.05 earnings per share for the current fiscal year.
In other HubSpot news, Director Lorrie M. Norrington sold 4,899 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $65.25, for a total value of $319,659.75. Following the transaction, the director now directly owns 2,164 shares of the company’s stock, valued at approximately $141,201. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Hunter Madeley sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $63.70, for a total value of $63,700.00. Following the completion of the transaction, the insider now directly owns 87,211 shares in the company, valued at $5,555,340.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,899 shares of company stock worth $2,628,930. 18.50% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC raised its position in shares of HubSpot by 1.1% in the 2nd quarter. FMR LLC now owns 5,481,280 shares of the software maker’s stock valued at $360,394,000 after purchasing an additional 59,473 shares in the last quarter. Wellington Management Group LLP raised its position in shares of HubSpot by 2.7% in the 1st quarter. Wellington Management Group LLP now owns 3,647,348 shares of the software maker’s stock valued at $220,847,000 after purchasing an additional 94,981 shares in the last quarter. Vanguard Group Inc. raised its position in shares of HubSpot by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,626,896 shares of the software maker’s stock valued at $172,718,000 after purchasing an additional 97,869 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of HubSpot by 145.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,366,568 shares of the software maker’s stock valued at $155,602,000 after purchasing an additional 1,400,677 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of HubSpot by 82,588.5% in the 1st quarter. BlackRock Inc. now owns 2,130,883 shares of the software maker’s stock valued at $129,025,000 after purchasing an additional 2,128,306 shares in the last quarter. 96.08% of the stock is currently owned by institutional investors.
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.
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