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

Stephens began coverage on shares of HubSpot (NYSE:HUBS) in a research report issued on Wednesday. The brokerage set an “overweight” rating and a $769.00 price target on the software maker’s stock. Stephens’ price target indicates a potential upside of 28.87% from the company’s current price.

HUBS has been the subject of a number of other research reports. Jefferies Financial Group raised their price target on shares of HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. UBS Group raised shares of HubSpot from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 19th. Morgan Stanley raised their target price on shares of HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. raised their target price on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, Wells Fargo & Company raised their target price on shares of HubSpot from $835.00 to $940.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and a consensus target price of $860.00.

HubSpot Trading Down 2.7 %

NYSE HUBS opened at $596.71 on Wednesday. The company has a fifty day simple moving average of $721.64 and a two-hundred day simple moving average of $654.04. The stock has a market cap of $31.12 billion, a P/E ratio of 6,630.81, a P/E/G ratio of 41.44 and a beta of 1.80. HubSpot has a 12-month low of $434.84 and a 12-month high of $881.13.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results 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 negative return on equity of 0.07% and a net margin of 0.17%. As a group, sell-side analysts forecast that HubSpot will post 1.01 earnings per share for the current year.

Insider Activity

In related news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the transaction, the insider now directly owns 524,751 shares in the company, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Lorrie M. Norrington sold 572 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $690.00, for a total transaction of $394,680.00. Following the transaction, the director now owns 1,697 shares in the company, valued at $1,170,930. The trade was a 25.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,497 shares of company stock worth $11,097,251 over the last 90 days. 4.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On HubSpot

A number of institutional investors and hedge funds have recently bought and sold shares of HUBS. Wellington Management Group LLP boosted its holdings in HubSpot by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker’s stock valued at $1,029,262,000 after purchasing an additional 74,990 shares during the last quarter. Geode Capital Management LLC boosted its holdings in HubSpot by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker’s stock valued at $577,572,000 after purchasing an additional 9,922 shares during the last quarter. Groupama Asset Managment boosted its holdings in HubSpot by 3.8% in the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker’s stock valued at $506,412,000 after purchasing an additional 26,799 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in HubSpot by 18.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker’s stock valued at $471,068,000 after purchasing an additional 104,800 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in HubSpot by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock valued at $469,987,000 after purchasing an additional 24,799 shares during the last quarter. 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.