HubSpot (HUBS) Receives a Buy from Raymond James


Raymond James analyst Brian Peterson maintained a Buy rating on HubSpot (NYSE: HUBS) today and set a price target of $150. The company’s shares opened today at $125.85.

According to TipRanks.com, Peterson is a top 25 analyst with an average return of 35.9% and a 86.2% success rate. Peterson covers the Technology sector, focusing on stocks such as Manhattan Associates, Coupa Software Inc, and Castlight Health.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for HubSpot with a $137.70 average price target, which is a 9.4% upside from current levels. In a report issued on August 7, Oppenheimer also assigned a Buy rating to the stock with a $128 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 negative 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.

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