HubSpot Inc (HUBS) is Initiated by Piper Jaffray to Overweight, Price Target at $60

HubSpot Inc (HUBS) was Initiated by Piper Jaffray to “Overweight” and the brokerage firm has set the Price Target at $60. Piper Jaffray advised their investors in a research report released on Jun 1, 2016.

On the company’s financial health, HubSpot Inc reported $-0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.17. The company had revenue of $58.96 million for the quarter, compared to analysts expectations of $55.34 million. The company’s revenue was up 54.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.18 EPS.

HubSpot Inc opened for trading at $45.56 and hit $46.86 on the upside on Friday, eventually ending the session at $46.72, with a gain of 2.28% or 1.04 points. The heightened volatility saw the trading volume jump to 2,57,753 shares. Company has a market cap of $1,633 M.

In a different news, on May 26, 2016, David R Skok (director) sold 11,005 shares at $45.55 per share price. According to the SEC, on May 18, 2016, John Kinzer (Chief Financial Officer) sold 7,500 shares at $44.82 per share price. On May 4, 2016, Hunter Madeley (Chief Sales Officer) sold 800 shares at $46.72 per share price, according to the Form-4 filing with the securities and exchange commission.

HubSpot Inc. (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications which include social media search engine optimization blogging Website content management marketing automation email CRM analytics and reporting. HubSpot’s platform is a multi-tenant single code-based software-as-a-service delivered through Web browsers or mobile applications. HubSpot offers applications which include Content Optimization System (COS) Search Engine Optimization (SEO) Social Inbox Marketing Automation and Email Sidekick CRM Sync HubSpot CRM and Reporting and Analytics. The Company sells three product plans which include HubSpot Basic HubSpot Pro and HubSpot Enterprise. HubSpot offers professional services and support over the phone and via Web meeting technology.

HubSpot Inc

Leave a Reply

HubSpot Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on HubSpot Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.