HubSpot (NYSE:HUBS) Research Coverage Started at BTIG Research

BTIG Research started coverage on shares of HubSpot (NYSE:HUBS) in a report released on Monday morning. The firm issued a buy rating and a $500.00 target price on the software maker’s stock.

Other equities analysts also recently issued research reports about the stock. Needham & Company LLC lowered their target price on shares of HubSpot from $900.00 to $700.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Mizuho reduced their price target on shares of HubSpot from $700.00 to $550.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Stifel Nicolaus dropped their price objective on shares of HubSpot from $600.00 to $550.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Oppenheimer cut their price objective on HubSpot from $750.00 to $550.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Finally, Wall Street Zen upgraded HubSpot from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and an average target price of $614.26.

HubSpot Stock Performance

Shares of HUBS stock opened at $399.00 on Monday. The stock has a fifty day simple moving average of $392.79 and a two-hundred day simple moving average of $459.90. The firm has a market capitalization of $20.90 billion, a PE ratio of -4,987.53, a PEG ratio of 9.29 and a beta of 1.46. HubSpot has a 52-week low of $344.41 and a 52-week high of $881.13.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Thursday, November 6th. The software maker reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.08. The firm had revenue of $809.52 million during the quarter, compared to analyst estimates of $786.80 million. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The business’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.18 earnings per share. On average, sell-side analysts forecast that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Activity at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $366.99, for a total value of $3,119,415.00. Following the completion of the sale, the director owned 496,308 shares in the company, valued at approximately $182,140,072.92. The trade was a 1.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 25,500 shares of company stock worth $10,058,565 over the last 90 days. Company insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Institutional investors and hedge funds have recently bought and sold shares of the company. QRG Capital Management Inc. increased its stake in shares of HubSpot by 5.9% during the second quarter. QRG Capital Management Inc. now owns 434 shares of the software maker’s stock valued at $242,000 after buying an additional 24 shares during the period. Fifth Third Bancorp grew its holdings in HubSpot by 2.5% during the 3rd quarter. Fifth Third Bancorp now owns 1,076 shares of the software maker’s stock worth $503,000 after acquiring an additional 26 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in HubSpot by 4.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 597 shares of the software maker’s stock worth $332,000 after acquiring an additional 27 shares in the last quarter. Insigneo Advisory Services LLC increased its position in HubSpot by 6.3% during the 2nd quarter. Insigneo Advisory Services LLC now owns 470 shares of the software maker’s stock valued at $262,000 after purchasing an additional 28 shares during the period. Finally, GPS Wealth Strategies Group LLC raised its holdings in shares of HubSpot by 5.7% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 522 shares of the software maker’s stock valued at $244,000 after purchasing an additional 28 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.