HubSpot (NYSE:HUBS) Earns Outperform Rating from William Blair

HubSpot (NYSE:HUBS)‘s stock had its “outperform” rating restated by investment analysts at William Blair in a research report issued on Thursday,RTT News reports.

A number of other analysts also recently issued reports on HUBS. Royal Bank of Canada raised their price objective on HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Canaccord Genuity Group raised their price objective on HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. raised their price objective on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research report on Tuesday. Mizuho raised their price objective on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Wells Fargo & Company lifted their target price on HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $857.75.

HubSpot Stock Down 0.9 %

NYSE HUBS opened at $812.44 on Thursday. HubSpot has a 52 week low of $434.84 and a 52 week high of $881.13. The business’s fifty day simple moving average is $734.12 and its 200-day simple moving average is $619.11. The firm has a market cap of $41.94 billion, a PE ratio of -3,008.92, a P/E/G ratio of 43.94 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 the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. Research analysts expect that HubSpot will post 0.42 EPS for the current year.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 3,057 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathryn Bueker sold 1,796 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $1,260,055.64. Following the completion of the sale, the chief financial officer now owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. This represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,112 shares of company stock worth $51,432,627 over the last 90 days. 4.50% of the stock is owned by insiders.

Institutional Investors Weigh In On HubSpot

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV lifted its stake in HubSpot by 28.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,087 shares of the software maker’s stock valued at $1,454,000 after buying an additional 463 shares during the last quarter. Comerica Bank lifted its stake in HubSpot by 3.7% in the fourth quarter. Comerica Bank now owns 13,886 shares of the software maker’s stock valued at $9,675,000 after buying an additional 501 shares during the last quarter. AQR Capital Management LLC lifted its stake in HubSpot by 19.2% in the fourth quarter. AQR Capital Management LLC now owns 208,237 shares of the software maker’s stock valued at $145,094,000 after buying an additional 33,566 shares during the last quarter. Lido Advisors LLC raised its stake in shares of HubSpot by 78.8% during the fourth quarter. Lido Advisors LLC now owns 1,976 shares of the software maker’s stock worth $1,377,000 after purchasing an additional 871 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of HubSpot by 18.0% during the fourth quarter. Northern Trust Corp now owns 345,535 shares of the software maker’s stock worth $240,758,000 after purchasing an additional 52,792 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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.