In a report issued on August 2, Kirk Materne from Evercore ISI maintained a Hold rating on HubSpot (NYSE: HUBS), with a price target of $125. The company’s shares closed on Friday at $120.70.
According to TipRanks.com, Materne is a 5-star analyst with an average return of 28.2% and a 82.9% success rate. Materne covers the Technology sector, focusing on stocks such as Ultimate Software, Salesforce.com, and Oracle Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for HubSpot with a $138.10 average price target, a 14.4% upside from current levels. In a report issued on July 31, RBC Capital also maintained a Hold rating on the stock with a $138 price target.
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Based on HubSpot’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $18.23 million. In comparison, last year the company had a GAAP net loss of $9.52 million.
Based on the recent corporate insider activity of 127 insiders, corporate insider sentiment is neutral on the stock. Most recently, in May 2018, John Kinzer, the CFO of HUBS bought 208 shares for a total of $7,230.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
HubSpot, Inc. provides cloud-based marketing and sales software platform that enables businesses to deliver an inbound experience. It operates through the following geographical segments: Americas, Europe, and Asia Pacific. The company was founded by Brian Halligan and Dharmesh Shah on April 4, 2005 and is headquartered in Cambridge, MA.
