HubSpot Inc (HUBS) is Initiated by RBC Capital Mkts to Outperform, Price Target at $62

HubSpot Inc (HUBS) was Initiated by RBC Capital Mkts to “Outperform” and the brokerage firm has set the Price Target at $62. RBC Capital Mkts advised their investors in a research report released on Jun 10, 2016.

Many Wall Street Analysts have commented on HubSpot Inc. Piper Jaffray Initiated HubSpot Inc on Jun 1, 2016 to “Overweight”, Price Target of the shares are set at $60.

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 closed down -2.68 points or -5.14% at $49.47 with 5,13,494 shares getting traded on Thursday. Post opening the session at $50.7, the shares hit an intraday low of $48.97 and an intraday high of $51.83 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 6, 2016, Hunter Madeley (Chief Sales Officer) sold 800 shares at $50.49 per share price. According to the SEC, on Jun 3, 2016, J Donald Sherman (President and COO) sold 10,000 shares at $48.76 per share price. On May 26, 2016, David R Skok (director) sold 11,005 shares at $45.55 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

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