Cowen and Company Reaffirms “Market Perform” Rating for HubSpot, Inc. (NYSE:HUBS)

Cowen and Company reaffirmed their market perform rating on shares of HubSpot, Inc. (NYSE:HUBS) in a report published on Friday, August 4th. The firm currently has a $69.00 price target on the software maker’s stock, up from their previous price target of $63.00.

A number of other brokerages have also weighed in on HUBS. CIBC reissued a buy rating and set a $78.00 price objective on shares of HubSpot in a report on Thursday, May 4th. SunTrust Banks, Inc. began coverage on shares of HubSpot in a report on Monday, June 26th. They set a buy rating and a $81.00 price objective on the stock. Oppenheimer Holdings, Inc. set a $80.00 target price on shares of HubSpot and gave the company a buy rating in a research report on Thursday, August 3rd. Morgan Stanley boosted 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. Finally, Zacks Investment Research upgraded shares of HubSpot from a hold rating to a buy rating and set a $75.00 target price for the company in a research report on Monday, May 1st. Four investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. HubSpot presently has an average rating of Buy and a consensus target price of $72.19.

HubSpot (HUBS) traded up 0.22% during trading on Friday, reaching $68.20. The company had a trading volume of 187,270 shares. The stock’s market capitalization is $2.53 billion. HubSpot has a 12-month low of $44.90 and a 12-month high of $78.50. The stock has a 50 day moving average of $70.14 and a 200-day moving average of $65.61.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The firm had revenue of $89.10 million for the quarter, compared to analyst estimates of $85.80 million. HubSpot had a negative net margin of 13.17% and a negative return on equity of 27.99%. The business’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.07) earnings per share. On average, analysts forecast that HubSpot will post $0.05 earnings per share for the current fiscal year.

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In other news, CEO Brian Halligan sold 25,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $64.75, for a total value of $1,618,750.00. Following the completion of the sale, the chief executive officer now owns 806,787 shares of the company’s stock, valued at approximately $52,239,458.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Hunter Madeley sold 1,000 shares of the 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 directly owns 89,874 shares of the company’s stock, valued at approximately $6,646,182.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 62,899 shares of company stock valued at $4,248,830. 18.50% of the stock is 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 valued at $103,000 after buying an additional 1,032 shares in the last quarter. ETF Managers Group LLC bought a new position in shares of HubSpot during the second quarter valued at approximately $110,000. 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 valued at $113,000 after buying an additional 994 shares in the last quarter. 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 valued at $142,000 after buying an additional 631 shares in the last quarter. Finally, Ameritas Investment Partners Inc. bought a new position in shares of HubSpot during the first quarter valued at approximately $151,000. Hedge funds and other institutional investors own 96.19% of the company’s stock.

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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