Fintel reports that on May 23, 2023, Jefferies maintained coverage of HubSpot (NYSE: HUBS) with a Buy recommendation.
Analyst price forecast suggests 0.98% drop
As of May 11, 2023, the one-year average price target for HubSpot was 489.56. The forecast ranges from a low of $282.80 to a high of $577.50. The average price target represents a decline of 0.98% from its last reported closing price of 494.43.
Check out our ranking of companies with the biggest upward price target.
HubSpot’s projected annual revenue is 2,102 million, an increase of 14.43%. Projected annual non-GAAP EPS is 2.89.
What is fund sentiment?
There are 1244 funds or institutions reporting positions in HubSpot. This is an increase of 82 owner(s) or 7.06% last quarter. Average portfolio weight of all funds dedicated to HUBS is 0.36%, a decrease of 5.37%. The total number of shares held by institutions has decreased by 1.54% over the past three months to 51,749,000 shares. The HUBS put/call ratio is 1.11, indicating a bearish outlook.
What are the other shareholders doing?
Price T Rowe Associates owns 2,514,000 shares representing 5.07% ownership of the company. In its previous filing, the company said it held 4,523,000 shares, representing a decrease of 79.86%. The company decreases its portfolio allocation in HUBS by 23.28% in the last quarter.
Jpmorgan Chase owns 2,504,000 shares representing 5.04% ownership of the company. In its previous filing, the company said it owns 1,103,000 shares, representing a raise of 55.95%. The company decreases its portfolio allocation in HUBS by 60.94% in the last quarter.
PRNHX – T. Rowe Price New Horizons Fund holds 2,444,000 shares representing 4.92% ownership of the company. In its previous filing, the company said it held 2,646,000 shares, representing a decrease 8.25%. The company increase its portfolio allocation in HUBS by 1.29% in the last quarter.
Artisan Partners Limited Partnership holds 1,498,000 shares representing 3.02% ownership of the company. In its previous filing, the company said it held 1,669,000 shares, representing a decrease of 11.42%. The company increase its portfolio allocation in HUBS by 23.82% in the last quarter.
Clearbridge Investments holds 1,455,000 shares representing 2.93% ownership of the company. In its previous filing, the company said it held 1,371,000 shares, representing a raise 5.75%. The company increase its portfolio allocation in HUBS by 52.22% in the last quarter.
General information about HubSpot
(This description is provided by the company.)
HubSpot is a leading CRM platform that provides software and support to help businesses grow better. The platform includes marketing, sales, service, and website management products that start free and scale to meet the needs of its customers at any stage of growth. Today, over 100,000 customers in over 120 countries use HubSpot’s powerful, easy-to-use tools and integrations to attract, engage, and delight customers.
Key deposits for this company:
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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