HubSpot (NYSE:HUBS) Given “Outperform” Rating at Oppenheimer

Oppenheimer restated their outperform rating on shares of HubSpot (NYSE:HUBS) in a report published on Thursday, Benzinga reports. They currently have a $625.00 price objective on the software maker’s stock.

Several other equities analysts have also issued reports on the stock. Canaccord Genuity Group decreased their price target on shares of HubSpot from $700.00 to $600.00 and set a buy rating for the company in a report on Thursday, August 8th. KeyCorp upgraded HubSpot from an underweight rating to a sector weight rating and set a $460.00 price target for the company in a report on Thursday, August 8th. Barclays cut their price objective on HubSpot from $575.00 to $500.00 and set an equal weight rating on the stock in a report on Friday, August 9th. Stifel Nicolaus lowered their target price on HubSpot from $700.00 to $600.00 and set a buy rating for the company in a research note on Tuesday, July 30th. Finally, Bank of America cut their price target on shares of HubSpot from $650.00 to $580.00 and set a buy rating on the stock in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat, HubSpot currently has an average rating of Moderate Buy and a consensus price target of $610.79.

HubSpot Stock Performance

Shares of HUBS stock opened at $526.88 on Thursday. The firm’s 50 day moving average price is $489.80 and its two-hundred day moving average price is $565.89. The stock has a market cap of $26.85 billion, a PE ratio of -198.82, a PEG ratio of 3,140.82 and a beta of 1.63. HubSpot has a 52-week low of $407.23 and a 52-week high of $693.85.

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

Insiders Place Their Bets

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

Hedge Funds Weigh In On HubSpot

Several institutional investors and hedge funds have recently modified their holdings of HUBS. Vanguard Group Inc. grew its stake in HubSpot by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock valued at $2,781,013,000 after buying an additional 119,999 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of HubSpot by 10.1% during the fourth quarter. Hsbc Holdings PLC now owns 22,402 shares of the software maker’s stock worth $13,022,000 after purchasing an additional 2,057 shares during the period. Stifel Financial Corp lifted its holdings in HubSpot by 15.1% during the 4th quarter. Stifel Financial Corp now owns 33,248 shares of the software maker’s stock worth $19,302,000 after purchasing an additional 4,371 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in HubSpot by 74.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,646 shares of the software maker’s stock valued at $2,117,000 after purchasing an additional 1,560 shares during the period. Finally, M&G Plc acquired a new position in HubSpot in the 1st quarter valued at $8,533,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.