Needham analyst Joshua Reilly maintained a Buy rating on HubSpot (HUBS – Research Report) today and set a price target of $380.00. The company’s shares opened today at $348.34.
Reilly covers the Technology sector, focusing on stocks such as HubSpot, Jamf Holding, and Asure. According to TipRanks, Reilly has an average return of -3.6% and a 33.73% success rate on recommended stocks.
Currently, the analyst consensus on HubSpot is a Strong Buy with an average price target of $373.24, a 7.15% upside from current levels. In a report released yesterday, Bank of America Securities also maintained a Buy rating on the stock with a $380.00 price target.
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Based on HubSpot’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $443.96 million and a GAAP net loss of $31.41 million. In comparison, last year the company earned a revenue of $339.2 million and had a GAAP net loss of $13.74 million
Based on the recent corporate insider activity of 58 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. Last month, Brian Halligan, the Executive Chair of HUBS bought 12,452.00 shares for a total of $200,975.28.
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.
Read More on HUBS:
- HubSpot price target raised to $390 from $325 at Stifel
- HubSpot price target lowered to $350 from $400 at Piper Sandler
- HubSpot Executive Chair sells $2.4M in common stock
- TipRanks ‘Perfect 10’ List: These 3 Top-Rated Stocks Could Shine in 2023
- HubSpot price target lowered to $350 from $390 at Mizuho
