HubSpot (NYSE:HUBS) Earns Outperform Rating from Royal Bank of Canada

HubSpot (NYSE:HUBS)‘s stock had its “outperform” rating reissued by equities researchers at Royal Bank of Canada in a research note issued to investors on Thursday, Benzinga reports. They presently have a $700.00 target price on the software maker’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 36.13% from the stock’s current price.

Several other equities analysts also recently issued reports on the stock. Oppenheimer reduced their price target on shares of HubSpot from $725.00 to $625.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Raymond James reduced their price target on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Canaccord Genuity Group reduced their price objective on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a report on Thursday, August 8th. UBS Group reduced their price objective on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, BMO Capital Markets reduced their price objective on shares of HubSpot from $635.00 to $570.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $610.79.

HubSpot Stock Up 2.1 %

HUBS stock traded up $10.44 during trading on Thursday, hitting $514.20. 54,744 shares of the company’s stock traded hands, compared to its average volume of 616,273. HubSpot has a 52 week low of $407.23 and a 52 week high of $693.85. The stock has a fifty day moving average price of $487.98 and a two-hundred day moving average price of $567.44. The stock has a market capitalization of $26.20 billion, a price-to-earnings ratio of -194.04, a price-to-earnings-growth ratio of 3,140.82 and a beta of 1.63.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The company had revenue of $637.20 million during the quarter, compared to the consensus estimate of $619.28 million. During the same quarter in the previous year, the company posted ($1.17) earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, equities research analysts expect that HubSpot will post 0.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $586.85, for a total transaction of $14,671,250.00. Following the sale, the chief technology officer now owns 1,348,929 shares in the company, valued at approximately $791,618,983.65. The transaction was disclosed in a filing with the SEC, which is available through this link. In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $586.85, for a total transaction of $14,671,250.00. Following the sale, the chief technology officer now owns 1,348,929 shares in the company, valued at approximately $791,618,983.65. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kathryn Bueker sold 1,135 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $672,828.00. Following the completion of the transaction, the chief financial officer now owns 44,715 shares in the company, valued at approximately $26,507,052. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,012 shares of company stock worth $21,300,253. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

A number of large investors have recently made changes to their positions in HUBS. Wellington Management Group LLP increased its holdings in shares of HubSpot by 50.3% in the 4th quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock valued at $1,088,119,000 after purchasing an additional 626,977 shares during the period. Jennison Associates LLC increased its holdings in shares of HubSpot by 62.1% in the 1st quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock valued at $988,406,000 after purchasing an additional 604,554 shares during the period. Twin Focus Capital Partners LLC increased its holdings in shares of HubSpot by 92,828.2% in the 4th quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock valued at $283,230,000 after purchasing an additional 487,348 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of HubSpot in the 4th quarter valued at about $114,983,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of HubSpot by 10.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock valued at $1,211,535,000 after buying an additional 176,336 shares in the last quarter. Institutional investors and hedge funds 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.