HUB24 (HUB) buy or hold?
Hi Guys, Purchased HUB at $59.55 and have picked up a 38% return to date. The stock has continued to rise but is it time to take profit or do you believe a hold is a better option? Thanks, Peter
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Answer
Hi Peter,
We’ve held HUB in our Active Growth Portfolio since early March, having also added to the position in April, and at this stage we have no plans to take profit. As a platform provider HUB’s revenue & profitability is a combination of stock market performance, capital/client inflows and controlling costs – at this stage we give HUB a tick to all three.
We did a deep dive into HUB a few years ago with an analyst James Bisinella, and one of the points that continues to resonate was about holding onto these growth stocks while they continue to grow, particular those in industries with big tailwinds, and we think HUB still has a great opportunity to grow. The Deep Dive cap be found here.
- We are long HUB24 (HUB) looking for a test of $90 through 2025.
