HubSpot (NYSE:HUBS) Coverage Initiated by Analysts at Stephens

Stock analysts at Stephens began coverage on shares of HubSpot (NYSE:HUBS) in a research report issued on Wednesday. The brokerage set an “overweight” rating and a $769.00 price target on the software maker’s stock. Stephens’ price objective indicates a potential upside of 28.87% from the stock’s current price.

Several other research firms have also recently issued reports on HUBS. UBS Group raised HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th. BMO Capital Markets lifted their price objective on HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. TD Cowen lowered shares of HubSpot from a “buy” rating to a “hold” rating and lifted their target price for the company from $680.00 to $725.00 in a report on Friday, January 17th. Needham & Company LLC boosted their price objective on shares of HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, The Goldman Sachs Group boosted their price objective on shares of HubSpot from $783.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and an average target price of $860.00.

HubSpot Price Performance

HubSpot stock opened at $596.71 on Wednesday. HubSpot has a one year low of $434.84 and a one year high of $881.13. The business has a fifty day moving average price of $721.64 and a 200-day moving average price of $654.04. The firm has a market capitalization of $31.12 billion, a P/E ratio of 6,630.81, a PEG ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Sell-side analysts expect that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other HubSpot news, Director Lorrie M. Norrington sold 572 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $721.60, for a total value of $412,755.20. Following the transaction, the director now directly owns 1,125 shares in the company, valued at $811,800. This represents a 33.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the transaction, the insider now owns 524,751 shares in the company, valued at approximately $425,048,310. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,497 shares of company stock valued at $11,097,251 in the last ninety days. 4.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On HubSpot

Several institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in HubSpot by 5.4% in the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock valued at $178,000 after acquiring an additional 13 shares in the last quarter. Wedbush Securities Inc. boosted its stake in HubSpot by 3.4% in the fourth quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock valued at $274,000 after acquiring an additional 13 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in HubSpot by 2.4% in the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock valued at $445,000 after acquiring an additional 15 shares in the last quarter. Amalgamated Bank boosted its stake in HubSpot by 0.5% in the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock valued at $2,271,000 after acquiring an additional 16 shares in the last quarter. Finally, Avitas Wealth Management LLC boosted its stake in HubSpot by 0.8% in the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock valued at $1,420,000 after acquiring an additional 17 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Company Profile

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.