KeyBanc Reiterates Their Buy Rating on HubSpot

By Carrie Williams

KeyBanc analyst Brent Bracelin reiterated a Buy rating on HubSpot (NYSE: HUBS) yesterday and set a price target of $80. The company’s shares closed on Friday at $72.55.

According to, Bracelin is a 5-star analyst with an average return of 14.6% and a 78.5% success rate. Bracelin covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Riverbed Technology, and Medidata Solutions.

Currently, the analyst consensus on HubSpot is Strong Buy and the average price target is $77.09, representing a 6.3% upside.

In a report issued on July 24, RBC Capital also reiterated a Buy rating on the stock with a $78 price target.

Based on HubSpot’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $82.25 million and GAAP net loss of $8.08 million. In comparison, last year the company earned revenue of $64.97 million and had a GAAP net loss of $11.06 million.

Based on the recent corporate insider activity of 124 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HUBS in relation to earlier this year. Most recently, in May 2017, John Kinzer, the CFO of HUBS bought 6,944 shares for a total of $99,994.

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HubSpot, Inc. provides cloud-based marketing and sales software platform that enables businesses to deliver an inbound experience. Its software platform features integrated applications to help businesses to convert visitors into leads, close leads into customers and customers to become promoters of those businesses.