HubSpot, Inc. (HUBS) Upgraded to C- at TheStreet

TheStreet upgraded shares of HubSpot, Inc. (NYSE:HUBS) from a d rating to a c- rating in a research note issued to investors on Monday.

Several other research firms have also issued reports on HUBS. Zacks Investment Research upgraded HubSpot from a hold rating to a buy rating and set a $95.00 target price for the company in a research report on Tuesday, October 3rd. Cowen and Company boosted their target price on HubSpot from $69.00 to $76.00 and gave the stock a market perform rating in a research report on Thursday, September 28th. Needham & Company LLC restated a buy rating and set a $80.00 target price on shares of HubSpot in a research report on Tuesday, September 19th. Morgan Stanley boosted their target price on HubSpot from $84.00 to $88.00 and gave the stock an overweight rating in a research report on Monday, September 25th. Finally, UBS AG restated an outperform rating and set a $82.00 target price (up from $80.00) on shares of HubSpot in a research report on Wednesday, September 27th. Two analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. HubSpot currently has a consensus rating of Buy and a consensus target price of $79.47.

Shares of HubSpot (NYSE:HUBS) opened at 85.50 on Monday. The firm’s market cap is $3.17 billion. The company’s 50-day moving average price is $76.49 and its 200 day moving average price is $70.17. HubSpot has a 1-year low of $44.90 and a 1-year high of $86.90.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, August 2nd. The software maker reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.08. The company had revenue of $89.10 million during 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 for the quarter was up 37.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.07) EPS. On average, analysts predict that HubSpot will post $0.09 EPS for the current year.

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In other HubSpot news, insider Hunter Madeley sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $84.35, for a total value of $84,350.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 completion of the sale, the chief financial officer now owns 92,380 shares in the company, valued at approximately $6,210,707.40. The disclosure for this sale can be found here. Insiders sold a total of 63,000 shares of company stock worth $4,589,420 in the last 90 days. Company insiders own 12.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HUBS. Point72 Asia Hong Kong Ltd lifted its stake in HubSpot by 153.1% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,706 shares of the software maker’s stock valued at $103,000 after acquiring an additional 1,032 shares in the last quarter. ETF Managers Group LLC bought a new stake in HubSpot in the 2nd quarter valued at approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in HubSpot by 136.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,720 shares of the software maker’s stock valued at $113,000 after acquiring an additional 994 shares in the last quarter. Sei Investments Co. lifted its stake in HubSpot by 41.3% in the 2nd quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock valued at $142,000 after acquiring an additional 631 shares in the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in HubSpot in the 1st quarter valued at approximately $151,000. Hedge funds and other institutional investors own 96.08% of the company’s stock.

About HubSpot

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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