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

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

Several other analysts have also recently commented on the company. Raymond James raised their target price on HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Bank of America boosted their price target on shares of HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Stifel Nicolaus increased their price objective on shares of HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a report on Thursday, February 13th. BMO Capital Markets boosted their target price on HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, Barclays raised HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 price target for the company in a research note on Wednesday, March 12th. Five equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $853.32.

HubSpot Trading Up 1.1 %

HUBS stock opened at $604.89 on Wednesday. The stock’s 50 day simple moving average is $715.33 and its 200 day simple moving average is $654.03. HubSpot has a 12-month low of $434.84 and a 12-month high of $881.13. The firm has a market cap of $31.55 billion, a P/E ratio of 6,721.75, a P/E/G ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. On average, research analysts forecast that HubSpot will post 1.01 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the sale, the insider now directly owns 524,751 shares of the company’s stock, valued at $425,048,310. This trade represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lorrie M. Norrington sold 572 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 1,125 shares of the company’s stock, valued at $811,800. This represents a 33.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,425 shares of company stock valued at $15,866,151 in the last quarter. Insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new stake in HubSpot in the 3rd quarter valued at $25,000. Elequin Capital LP acquired a new position in HubSpot during the 4th quarter worth about $27,000. Larson Financial Group LLC raised its position in HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after purchasing an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after purchasing an additional 19 shares during the period. Finally, Coppell Advisory Solutions LLC raised its holdings in HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after purchasing an additional 22 shares during the last quarter. 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.