HubSpot Inc (HUBS) is Reiterated by RBC Capital Mkts to Outperform, Raises Price Target to $ 70

HubSpot Inc (HUBS) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 70 from a previous price target of $62 . RBC Capital Mkts advised their investors in a research report released on Sep 30, 2016.

Many Wall Street Analysts have commented on HubSpot Inc. Company shares were Reiterated by Rosenblatt on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 67 from a previous price target of $61 .Stifel Initiated HubSpot Inc on Jul 19, 2016 to “Buy”, Price Target of the shares are set at $61.Company shares were Reiterated by Piper Jaffray on Jul 14, 2016 to “Overweight”, Firm has raised the Price Target to $ 65 from a previous price target of $60 .

On the company’s financial health, HubSpot Inc reported $-0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.15. The company had revenue of $65.00 million for the quarter, compared to analysts expectations of $61.65 million. The company’s revenue was up 51.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.17 EPS.

HubSpot Inc opened for trading at $55.29 and hit $55.88 on the upside on Tuesday, eventually ending the session at $55.29, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 4,02,943 shares. Company has a market cap of $1,954 M.

In a different news, on Sep 6, 2016, Hunter Madeley (Chief Sales Officer) sold 800 shares at $56.34 per share price. According to the SEC, on Sep 6, 2016, J Donald Sherman (President and COO) sold 10,000 shares at $54.90 per share price. On Sep 6, 2016, John P. Kelleher (General Counsel) sold 347 shares at $54.90 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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