Oppenheimer Reiterates Outperform Rating for HubSpot (NYSE:HUBS)

Oppenheimer reiterated their outperform rating on shares of HubSpot (NYSE:HUBS) in a report issued on Thursday, Benzinga reports. Oppenheimer currently has a $625.00 target price on the software maker’s stock.

Several other equities research analysts have also recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of HubSpot from $650.00 to $625.00 and set an overweight rating on the stock in a research note on Thursday, August 8th. Truist Financial reiterated a buy rating and set a $600.00 price target (down previously from $700.00) on shares of HubSpot in a report on Thursday, August 8th. Royal Bank of Canada reiterated an outperform rating and set a $700.00 price target on shares of HubSpot in a report on Thursday. UBS Group reduced their price target on HubSpot from $580.00 to $550.00 and set a neutral rating on the stock in a report on Thursday, August 8th. Finally, Piper Sandler reiterated an overweight rating and set a $570.00 price target on shares of HubSpot in a report on Thursday. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, HubSpot presently has an average rating of Moderate Buy and an average target price of $610.79.

HubSpot Stock Down 0.6 %

Shares of HUBS opened at $526.88 on Thursday. HubSpot has a 52-week low of $407.23 and a 52-week high of $693.85. The firm’s fifty day moving average is $489.80 and its two-hundred day moving average is $566.20. The stock has a market cap of $26.85 billion, a PE ratio of -198.82, a price-to-earnings-growth ratio of 3,140.82 and a beta of 1.63.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The company had revenue of $637.20 million for the quarter, compared to analysts’ expectations of $619.28 million. During the same quarter in the previous year, the company posted ($1.17) EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, research analysts anticipate that HubSpot will post 0.01 earnings per share for the current year.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,877 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the completion of the transaction, the chief executive officer now owns 68,037 shares in the company, valued at approximately $40,332,333.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Kathryn Bueker sold 1,135 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total transaction of $672,828.00. Following the sale, the chief financial officer now owns 44,715 shares of the company’s stock, valued at approximately $26,507,052. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yamini Rangan sold 2,877 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total value of $1,705,485.60. Following the sale, the chief executive officer now owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The disclosure for this sale can be found here. Insiders have sold a total of 38,012 shares of company stock valued at $21,300,253 over the last 90 days. 4.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HubSpot

Several institutional investors have recently added to or reduced their stakes in HUBS. Gilbert & Cook Inc. lifted its stake in HubSpot by 60.0% during the fourth quarter. Gilbert & Cook Inc. now owns 1,965 shares of the software maker’s stock worth $1,141,000 after purchasing an additional 737 shares during the last quarter. Principal Securities Inc. purchased a new stake in HubSpot during the fourth quarter worth approximately $50,000. Dimensional Fund Advisors LP lifted its stake in HubSpot by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 71,428 shares of the software maker’s stock worth $41,470,000 after purchasing an additional 631 shares during the last quarter. Avantax Advisory Services Inc. purchased a new stake in HubSpot during the fourth quarter worth approximately $200,000. Finally, PNC Financial Services Group Inc. lifted its stake in HubSpot by 74.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,646 shares of the software maker’s stock worth $2,117,000 after purchasing an additional 1,560 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

About HubSpot

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.