HubSpot (NYSE:HUBS) Earns Outperform Rating from Analysts at Macquarie

Macquarie assumed coverage on shares of HubSpot (NYSE:HUBS) in a research report released on Monday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $730.00 target price on the software maker’s stock.

HUBS has been the subject of several other reports. TD Cowen downgraded shares of HubSpot from a “buy” rating to a “hold” rating and upped their price objective for the stock from $680.00 to $725.00 in a report on Friday, January 17th. Stifel Nicolaus upped their price target on shares of HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Citigroup lifted their price objective on HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. William Blair restated an “outperform” rating on shares of HubSpot in a research note on Thursday, February 13th. Finally, Scotiabank raised their target price on HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus price target of $848.58.

HubSpot Stock Down 2.9 %

NYSE HUBS opened at $609.02 on Monday. The company has a 50 day moving average price of $710.31 and a two-hundred day moving average price of $657.69. HubSpot has a 12-month low of $434.84 and a 12-month high of $881.13. The stock has a market capitalization of $31.76 billion, a PE ratio of 6,767.62, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. As a group, equities analysts anticipate that HubSpot will post 1.01 EPS for the current year.

Insider Activity

In related news, Director Lorrie M. Norrington sold 572 shares of HubSpot stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $721.60, for a total transaction of $412,755.20. Following the completion of the transaction, the director now directly owns 1,125 shares of the company’s stock, valued at $811,800. This trade represents a 33.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 524,751 shares in the company, valued at approximately $425,048,310. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,425 shares of company stock worth $15,866,151. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its position in HubSpot by 45.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the software maker’s stock worth $3,238,000 after acquiring an additional 1,450 shares during the last quarter. Siemens Fonds Invest GmbH grew its holdings in shares of HubSpot by 514.8% during the fourth quarter. Siemens Fonds Invest GmbH now owns 3,148 shares of the software maker’s stock worth $2,193,000 after purchasing an additional 2,636 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in shares of HubSpot in the fourth quarter valued at $219,000. Menard Financial Group LLC bought a new position in shares of HubSpot in the fourth quarter valued at about $404,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in HubSpot during the 4th quarter worth about $32,682,000. Institutional investors own 90.39% of the company’s stock.

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.