Macquarie Begins Coverage on HubSpot (NYSE:HUBS)

Equities research analysts at Macquarie began coverage on shares of HubSpot (NYSE:HUBS) in a research report issued on Monday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $730.00 price target on the software maker’s stock. Macquarie’s price objective indicates a potential upside of 16.77% from the company’s current price.

Several other analysts have also recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. KeyCorp upgraded HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price target for the company in a research report on Thursday, February 13th. UBS Group upgraded HubSpot from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 19th. Piper Sandler upped their target price on HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, StockNews.com lowered HubSpot from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $848.58.

HubSpot Trading Down 0.3 %

NYSE:HUBS opened at $625.15 on Monday. The stock has a 50 day moving average of $712.30 and a two-hundred day moving average of $658.03. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13. The firm has a market cap of $32.60 billion, a P/E ratio of 6,946.88, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80.

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

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 3,057 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the transaction, the chief executive officer now owns 54,079 shares in the company, valued at $37,941,285.61. The trade was a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the sale, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,425 shares of company stock worth $15,866,151. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in HubSpot in the third quarter valued at approximately $25,000. Elequin Capital LP acquired a new stake in shares of HubSpot in the 4th quarter valued at $27,000. Larson Financial Group LLC raised its holdings 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 valued at $30,000 after purchasing an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of HubSpot by 73.1% during 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 last quarter. Finally, Coppell Advisory Solutions LLC grew its stake in shares of HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after purchasing an additional 22 shares in the last quarter. Hedge funds and other 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.