HubSpot (NYSE:HUBS): Needham Reiterates Buy Rating Today, Has a Target of $80.0/Share

January 21, 2018 - By Hazel Jackson

 HubSpot (NYSE:HUBS): Needham Reiterates Buy Rating Today, Has a Target of $80.0/Share

Investors sentiment decreased to 1.25 in Q3 2017. Its down 0.70, from 1.95 in 2017Q2. It dropped, as 21 investors sold HubSpot, Inc. shares while 47 reduced holdings. 32 funds opened positions while 53 raised stakes. 34.61 million shares or 2.22% less from 35.40 million shares in 2017Q2 were reported.

First Allied Advisory Service reported 0.11% of its portfolio in HubSpot, Inc. (NYSE:HUBS). Millennium Mgmt Limited Com owns 91,398 shares for 0.01% of their portfolio. Dupont Capital Management Corporation reported 7,386 shares. Art Advisors Limited Liability Corp invested in 0.06% or 12,899 shares. Jennison Assocs reported 539,838 shares. Fred Alger Mgmt holds 422,363 shares. Rhumbline Advisers holds 0.01% or 38,180 shares in its portfolio. Price T Rowe Assocs Md holds 0% or 7,994 shares. Great Lakes invested 0.04% in HubSpot, Inc. (NYSE:HUBS). Etrade Capital Mngmt Llc holds 0.01% or 2,416 shares in its portfolio. Amer has invested 0.01% in HubSpot, Inc. (NYSE:HUBS). Huntington Comml Bank invested in 0% or 437 shares. Legal General Gp Public Limited Liability holds 0% or 13,969 shares in its portfolio. Axa has invested 0.03% of its portfolio in HubSpot, Inc. (NYSE:HUBS). Moreover, Symmetry Peak Mngmt Limited has 0.35% invested in HubSpot, Inc. (NYSE:HUBS).

Since August 1, 2017, it had 0 insider buys, and 7 sales for $6.80 million activity. Another trade for 15,000 shares valued at $1.01 million was sold by Kinzer John. Shares for $2.21M were sold by Halligan Brian on Friday, December 15. $1.47 million worth of HubSpot, Inc. (NYSE:HUBS) shares were sold by Shah Dharmesh.

HubSpot (NYSE:HUBS) Rating Reaffirmed

Equity research analysts at Needham now has a $80.0 TP on HubSpot (NYSE:HUBS). Needham and their recent TP means a potential downside of -19.23 % from the company’s stock close price. The rating has been disclosed to clients in analysts report on Monday morning.

Investors sentiment decreased to 1.25 in Q3 2017. Its down 0.70, from 1.95 in 2017Q2. It dropped, as 21 investors sold HubSpot, Inc. shares while 47 reduced holdings. 32 funds opened positions while 53 raised stakes. 34.61 million shares or 2.22% less from 35.40 million shares in 2017Q2 were reported.

First Allied Advisory Service reported 0.11% of its portfolio in HubSpot, Inc. (NYSE:HUBS). Millennium Mgmt Limited Com owns 91,398 shares for 0.01% of their portfolio. Dupont Capital Management Corporation reported 7,386 shares. Art Advisors Limited Liability Corp invested in 0.06% or 12,899 shares. Jennison Assocs reported 539,838 shares. Fred Alger Mgmt holds 422,363 shares. Rhumbline Advisers holds 0.01% or 38,180 shares in its portfolio. Price T Rowe Assocs Md holds 0% or 7,994 shares. Great Lakes invested 0.04% in HubSpot, Inc. (NYSE:HUBS). Etrade Capital Mngmt Llc holds 0.01% or 2,416 shares in its portfolio. Amer has invested 0.01% in HubSpot, Inc. (NYSE:HUBS). Huntington Comml Bank invested in 0% or 437 shares. Legal General Gp Public Limited Liability holds 0% or 13,969 shares in its portfolio. Axa has invested 0.03% of its portfolio in HubSpot, Inc. (NYSE:HUBS). Moreover, Symmetry Peak Mngmt Limited has 0.35% invested in HubSpot, Inc. (NYSE:HUBS).

Since August 1, 2017, it had 0 insider buys, and 7 sales for $6.80 million activity. Another trade for 15,000 shares valued at $1.01 million was sold by Kinzer John. Shares for $2.21M were sold by Halligan Brian on Friday, December 15. $1.47 million worth of HubSpot, Inc. (NYSE:HUBS) shares were sold by Shah Dharmesh.

HubSpot, Inc. (NYSE:HUBS) Ratings Coverage

Among 23 analysts covering Hubspot Inc (NYSE:HUBS), 20 have Buy rating, 0 Sell and 3 Hold. Therefore 87% are positive. Hubspot Inc has $103 highest and $42 lowest target. $80.66’s average target is -18.57% below currents $99.05 stock price. Hubspot Inc had 63 analyst reports since August 5, 2015 according to SRatingsIntel. The company was maintained on Thursday, July 14 by Morgan Stanley. Summit Research initiated the shares of HUBS in report on Monday, April 4 with “Hold” rating. Oppenheimer initiated HubSpot, Inc. (NYSE:HUBS) on Friday, December 2 with “Outperform” rating. Oppenheimer maintained HubSpot, Inc. (NYSE:HUBS) rating on Thursday, August 3. Oppenheimer has “Buy” rating and $8000 target. On Wednesday, August 9 the stock rating was maintained by Oppenheimer with “Buy”. The firm has “Buy” rating by Canaccord Genuity given on Friday, August 7. Stifel Nicolaus maintained the shares of HUBS in report on Wednesday, September 20 with “Buy” rating. The stock of HubSpot, Inc. (NYSE:HUBS) earned “Overweight” rating by Morgan Stanley on Monday, October 23. The firm earned “Buy” rating on Wednesday, August 12 by Vetr. The stock has “Overweight” rating by Morgan Stanley on Thursday, September 10.

The stock increased 2.86% or $2.75 during the last trading session, reaching $99.05. About 379,018 shares traded. HubSpot, Inc. (NYSE:HUBS) has risen 55.26% since January 21, 2017 and is uptrending. It has outperformed by 38.56% the S&P500.

Analysts await HubSpot, Inc. (NYSE:HUBS) to report earnings on February, 13. They expect $-0.24 earnings per share, up 38.46 % or $0.15 from last year’s $-0.39 per share. After $-0.18 actual earnings per share reported by HubSpot, Inc. for the previous quarter, Wall Street now forecasts 33.33 % negative EPS growth.

HubSpot, Inc. provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company has market cap of $3.70 billion. The Company’s software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, CRM, analytics, and reporting that enables businesses to attract visitors to their Websites, convert visitors into leads, and close leads into clients and delight customers. It currently has negative earnings. The firm also offers professional, and phone and email support services.

More recent HubSpot, Inc. (NYSE:HUBS) news were published by: Fool.com which released: “Why Shares of HubSpot, Inc. Popped 88% Last Year” on January 17, 2018. Also Seekingalpha.com published the news titled: “HubSpot: Likely To Disappoint In 2018” on December 26, 2017. Twst.com‘s news article titled: “HubSpot Inc.: HubSpot Announces Date of Fourth Quarter and Full Year 2017 …” with publication date: January 17, 2018 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.