HubSpot (NYSE:HUBS) Given “Buy” Rating at BTIG Research
by Amy Steele · The Cerbat GemHubSpot (NYSE:HUBS – Get Free Report)‘s stock had its “buy” rating reaffirmed by analysts at BTIG Research in a research report issued on Tuesday,Benzinga reports. They presently have a $300.00 price objective on the software maker’s stock. BTIG Research’s target price would suggest a potential upside of 30.61% from the company’s current price.
A number of other brokerages have also commented on HUBS. Bank of America initiated coverage on shares of HubSpot in a research note on Tuesday, March 31st. They set a “buy” rating and a $300.00 price target for the company. Piper Sandler decreased their price target on shares of HubSpot from $280.00 to $260.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Wall Street Zen lowered shares of HubSpot from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Jefferies Financial Group decreased their price target on shares of HubSpot from $560.00 to $325.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Finally, Wells Fargo & Company decreased their price target on shares of HubSpot from $600.00 to $350.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Twenty-seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and an average price target of $422.31.
Check Out Our Latest Stock Analysis on HubSpot
HubSpot Stock Up 3.2%
NYSE:HUBS opened at $229.70 on Tuesday. The firm has a market capitalization of $12.11 billion, a P/E ratio of 264.02, a P/E/G ratio of 3.07 and a beta of 1.44. The company has a fifty day moving average of $244.63 and a 200-day moving average of $334.96. HubSpot has a twelve month low of $187.45 and a twelve month high of $682.57.
HubSpot (NYSE:HUBS – Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. The business had revenue of $846.75 million during the quarter, compared to analyst estimates of $830.65 million. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. HubSpot’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.32 EPS. On average, analysts anticipate that HubSpot will post 3.62 EPS for the current fiscal year.
Insiders Place Their Bets
In other HubSpot news, insider Erika Ashley Fisher sold 841 shares of HubSpot stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total transaction of $200,166.41. Following the transaction, the insider directly owned 10,119 shares of the company’s stock, valued at $2,408,423.19. The trade was a 7.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $262.75, for a total transaction of $2,233,375.00. Following the transaction, the director directly owned 370,558 shares in the company, valued at $97,364,114.50. This represents a 2.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,191 shares of company stock worth $4,671,932 over the last ninety days. Insiders own 4.00% of the company’s stock.
Hedge Funds Weigh In On HubSpot
Hedge funds have recently bought and sold shares of the company. Strategic Advocates LLC purchased a new position in HubSpot during the 3rd quarter worth $25,000. Turning Point Benefit Group Inc. purchased a new position in HubSpot during the 3rd quarter worth $25,000. Exane Asset Management purchased a new position in HubSpot during the 3rd quarter worth $30,000. Rakuten Securities Inc. boosted its holdings in HubSpot by 783.3% during the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after acquiring an additional 47 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its holdings in HubSpot by 80.5% during the 3rd quarter. Westside Investment Management Inc. now owns 74 shares of the software maker’s stock worth $33,000 after acquiring an additional 33 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.
HubSpot Company Profile
HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.
The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.