HubSpot (NYSE:HUBS) Earns Buy Rating from Analysts at Redburn Atlantic

Redburn Atlantic started coverage on shares of HubSpot (NYSE:HUBS) in a report published on Wednesday, MarketBeat Ratings reports. The firm issued a buy rating on the software maker’s stock.

A number of other research analysts also recently issued reports on the stock. Needham & Company LLC boosted their price objective on shares of HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Evercore ISI boosted their price objective on shares of HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. BMO Capital Markets boosted their price objective on shares of HubSpot from $690.00 to $885.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. UBS Group boosted their price objective on shares of HubSpot from $740.00 to $775.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, Oppenheimer upped their target price on shares of HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus price target of $863.96.

HubSpot Stock Down 4.0 %

NYSE:HUBS opened at $771.11 on Wednesday. The company has a fifty day moving average of $738.68 and a 200 day moving average of $627.81. HubSpot has a 52 week low of $434.84 and a 52 week high of $881.13. The firm has a market capitalization of $40.22 billion, a P/E ratio of 8,568.89, a P/E/G ratio of 48.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 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, analysts anticipate that HubSpot will post 0.93 EPS for the current year.

Insider Buying and Selling at HubSpot

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the transaction, the chief technology officer now owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. This represents a 1.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 115 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total transaction of $82,085.85. Following the transaction, the chief executive officer now owns 61,179 shares in the company, valued at $43,668,958.41. This represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,612 shares of company stock worth $28,993,612. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new position in HubSpot during the 3rd quarter valued at about $25,000. Elequin Capital LP bought a new position in shares of HubSpot in the 4th quarter worth approximately $27,000. Larson Financial Group LLC lifted its stake in shares of 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 period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of HubSpot by 73.1% in the 4th 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 lifted its stake in shares of HubSpot by 91.7% in 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 period. 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.