Morgan Stanley Maintains HubSpot Inc to Overweight with Price Target $60.00

Brokerage firm Morgan Stanley Maintains its rating on HubSpot Inc(NYSE:HUBS). In a research note issued to the investors, the brokerage major Raises the price-target to $60.00 per share. The shares have been rated Overweight. The rating by Morgan Stanley was issued on Jul 14, 2016.

In a different note, RBC Capital said it Initiates Coverage on HubSpot Inc, according to a research note issued on Jun 10, 2016. The shares have been rated ‘Outperform’ by the firm. William Blair said it Initiates Coverage on HubSpot Inc, according to a research note issued on Jun 9, 2016. The shares have been rated ‘Outperform’ by the firm. Piper Jaffray said it Initiates Coverage on HubSpot Inc, according to a research note issued on Jun 1, 2016. The shares have been rated ‘Overweight’ by the firm. On May 5, 2016, Morgan Stanley said it Maintains its rating on HubSpot Inc. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Overweight’ by the firm.

HubSpot Inc (HUBS) made into the market gainers list on Mondays trading session with the shares advancing 0.47% or 0.24 points. Due to strong positive momentum, the stock ended at $51.76, which is also near the day’s high of $52.26. The stock began the session at $51.41 and the volume stood at 2,07,786 shares. The 52-week high of the shares is $60.11 and the 52 week low is $27. The company has a current market capitalization of $1,809 M and it has 3,49,43,502 shares in outstanding.

HubSpot Inc(HUBS) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $58.96M. Analysts had an estimated revenue of $55.31M. Earnings per share were $-0.11. Analysts had estimated an EPS of $-0.18.

Several Insider Transactions has been reported to the SEC. On Jul 7, 2016, Hunter Madeley (Chief Sales Officer) sold 800 shares at $42.12 per share price.Also, On Jul 6, 2016, Brian Halligan (Chief Executive Officer) sold 20,000 shares at $42.34 per share price.On Jun 3, 2016, J Donald Sherman (President and COO) sold 10,000 shares at $48.76 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.

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