KeyBanc analyst Brent Bracelin maintained a Hold rating on HubSpot (HUBS) today. The company’s shares closed yesterday at $172, close to its 52-week high of $172.54.
According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 25.7% and a 76.3% success rate. Bracelin covers the Technology sector, focusing on stocks such as Salesforce.com, Everbridge Inc, and Veeva Systems.
Currently, the analyst consensus on HubSpot is a Strong Buy with an average price target of $183.63, implying a 6.8% upside from current levels. In a report released today, RBC Capital also maintained a Hold rating on the stock with a $167 price target.
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Based on HubSpot’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $18.66 million. In comparison, last year the company had a GAAP net loss of $11.54 million.
Based on the recent corporate insider activity of 141 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HUBS in relation to earlier this year. Earlier this month, Brian Halligan, the CEO of HUBS bought 99,958 shares for a total of $152,936.
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.
