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

Stephens began coverage on shares of HubSpot (NYSE:HUBS) in a research report released on Wednesday morning, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $769.00 target price on the software maker’s stock.

Several other research firms have also weighed in on HUBS. Stifel Nicolaus increased their target price on HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. StockNews.com lowered shares of HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Citigroup upped their target price on shares of HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Piper Sandler lifted their price target on shares of HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, Canaccord Genuity Group upped their price objective on shares of HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and an average target price of $860.00.

HubSpot Trading Up 1.2 %

Shares of NYSE HUBS opened at $603.92 on Wednesday. HubSpot has a 1 year low of $434.84 and a 1 year high of $881.13. The firm’s 50-day moving average is $719.54 and its 200-day moving average is $653.69. The firm has a market capitalization of $31.50 billion, a PE ratio of 6,710.96, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last announced 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 net margin of 0.17% and a negative return on equity of 0.07%. As a group, equities research analysts anticipate that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lorrie M. Norrington sold 572 shares of the stock in a transaction on Friday, December 27th. The stock was sold at an average price of $721.60, for a total value of $412,755.20. Following the completion of the transaction, the director now owns 1,125 shares in the company, valued at approximately $811,800. This represents a 33.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,997 shares of company stock worth $16,260,831 over the last three months. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several hedge funds and other institutional investors have recently made changes to their positions in HUBS. Farther Finance Advisors LLC lifted its position in HubSpot by 5.4% in the 4th 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. increased its holdings in HubSpot by 3.4% during the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock worth $274,000 after purchasing an additional 13 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of HubSpot by 2.4% in the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock worth $445,000 after purchasing an additional 15 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of 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 purchasing an additional 16 shares in the last quarter. Finally, Avitas Wealth Management LLC boosted its position in shares of HubSpot by 0.8% during the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock valued at $1,420,000 after buying an additional 17 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

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.