HubSpot, Inc. (HUBS) Rating Reiterated by UBS AG

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Août 13, 2017

(NYSE:HUBS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The brokerage now has a $80.00 price objective on the software maker's stock, up from their previous price objective of $78.00. "(HUBS)" was first published by Sports Perspectives and is owned by of Sports Perspectives.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its stake in HubSpot by 2.5% in the fourth 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. Sei Investments Co. raised its position in HubSpot by 41.3% in the second quarter. The company's revenue was up 37.1% on a year-over-year basis. Ameritas Investment Partners Inc. purchased a new position in HubSpot during the first quarter valued at $151,000. Vanguard Group Inc. now owns 2,626,896 shares of the software maker's stock valued at $172,718,000 after buying an additional 97,869 shares in the last quarter. Finally, Guggenheim Capital LLC purchased a new stake in HubSpot during the fourth quarter worth $1,293,000. Finally, Amalgamated Bank acquired a new position in HubSpot during the first quarter worth approximately $214,000.

HubSpot, Inc. has a one year low of $44.90 and a one year high of $78.50. (NYSE:HUBS) traded up 2.20% during midday trading on Friday, reaching $67.35. The firm's market capitalization is $2.49 billion. The company has a 50-day moving average price of $69.85 and a 200-day moving average price of $64.98.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 2nd. The software maker reported $0.07 earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.01) by $0.08. The firm had revenue of $89.10 million during the quarter, compared to analysts' expectations of $85.80 million. HubSpot had a negative return on equity of 27.99% and a negative net margin of 13.17%. HubSpot's quarterly revenue was up 37.1% compared to the same quarter a year ago. During the same period previous year, the business posted ($0.07) earnings per share.

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. "(HUBS) Updates Q3 Earnings Guidance" was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this article on another publication, it was stolen and republished in violation of United States and global copyright & trademark legislation. The original version of this report can be accessed at Cowen and Company reaffirmed a "market perform" rating and issued a $69.00 target price (up from $63.00) on shares of HubSpot in a research report on Friday, August 4th. Oppenheimer Holdings, Inc. set a $78.00 price target on shares of HubSpot and gave the company a "buy" rating in a research report on Wednesday, May 3rd. Morgan Stanley upped their price target on HubSpot from $78.00 to $80.00 and gave the stock an "overweight" rating in a research note on Thursday, July 20th. SunTrust Banks, Inc. started coverage on shares of HubSpot in a report on Monday, June 26th. Four analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. They set a buy rating and a $81.00 price target for the company.

In other HubSpot news, Director Lorrie M. Norrington unloaded 4,899 stocks of HubSpot shares in a trade on early Fri, Jun 30th. The shares were sold at an average price of $64.75, for a total transaction of $1,618,750.00. Following the completion of the sale, the chief executive officer now directly owns 806,787 shares in the company, valued at $52,239,458.25. The information was declared in a document with the securities and exchange commission, which is available at the Security and Exchange Commission website.

In other HubSpot news, insider Hunter Madeley sold 1,000 shares of the firm's stock in a transaction dated Friday, June 2nd. The stock presently has a consensus rating of "Buy" and a consensus target price of $72.19. Bank of New York Mellon has an ownership of 965,891 stocks of the software maker's shares valued at $58,485,000 after scooping up an extra 192,602 shares through out the quarter. The disclosure for this sale can be found here. Wellington Management Group LLP now owns 3,647,348 shares of the software maker's stock valued at $220,847,000 after buying an additional 94,981 shares during the period. First Trust Advisors has an ownership of 796,410 stocks of the software maker's shares valued at $48,223,000 after scooping up an extra 766,089 shares through out the previous quarter, 92.23% of the shares is held by investment firms and many large funds.

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