HubSpot (NYSE:HUBS) Earns Outperform Rating from Raymond James

Raymond James restated their outperform rating on shares of HubSpot (NYSE:HUBS) in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a $825.00 target price on the software maker’s stock, down from their prior target price of $980.00.

A number of other brokerages have also recently commented on HUBS. Piper Sandler increased their price target on HubSpot from $535.00 to $645.00 and gave the company a “neutral” rating in a research note on Friday. Scotiabank lowered their target price on HubSpot from $900.00 to $750.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company lowered their target price on HubSpot from $940.00 to $700.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Canaccord Genuity Group raised their target price on HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Morgan Stanley raised their target price on HubSpot from $659.00 to $752.00 and gave the stock an “overweight” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $772.56.

HubSpot Price Performance

NYSE HUBS opened at $602.31 on Friday. The business has a fifty day moving average price of $584.93 and a two-hundred day moving average price of $668.28. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The stock has a market capitalization of $31.70 billion, a PE ratio of 6,693.08, a PEG ratio of 41.44 and a beta of 1.78.

HubSpot (NYSE:HUBS) last announced 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, sell-side analysts expect that HubSpot will post 1.01 earnings per share for the current year.

Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the sale, the chief executive officer now directly owns 72,373 shares in the company, valued at $41,536,312.16. This represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the company’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 sale, the insider now owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. The trade was a 1.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,562 shares of company stock worth $18,401,757 over the last three months. Company insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

Several institutional investors have recently added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB purchased a new stake in HubSpot during the third quarter valued at about $25,000. Elequin Capital LP bought a new position in shares of HubSpot during the fourth quarter valued at about $27,000. Larson Financial Group LLC raised its stake in shares of HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after acquiring an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after acquiring an additional 19 shares during the last quarter. Finally, Coppell Advisory Solutions LLC raised 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 valued at $32,000 after acquiring an additional 22 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

About HubSpot

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.