HubSpot (NYSE:HUBS) Stock Rating Reaffirmed by Needham & Company LLC

HubSpot (NYSE:HUBS)‘s stock had its “buy” rating restated by Needham & Company LLC in a report issued on Monday, Benzinga reports. They presently have a $730.00 target price on the software maker’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 33.29% from the stock’s previous close.

Several other equities research analysts have also commented on the company. UBS Group dropped their price target on HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Evercore ISI decreased their target price on HubSpot from $650.00 to $550.00 and set an “in-line” rating for the company in a research report on Thursday, August 8th. Barclays decreased their target price on HubSpot from $575.00 to $500.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. KeyCorp raised HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 target price for the company in a research report on Thursday, August 8th. Finally, Wells Fargo & Company decreased their target price on HubSpot from $650.00 to $625.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and a consensus price target of $611.83.

HubSpot Trading Down 2.2 %

Shares of HUBS stock opened at $547.66 on Monday. HubSpot has a twelve month low of $407.23 and a twelve month high of $693.85. The company has a market capitalization of $27.91 billion, a P/E ratio of -206.66, a price-to-earnings-growth ratio of 7,193.98 and a beta of 1.64. The business’s 50 day moving average is $508.40 and its two-hundred day moving average is $555.87.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. The company had revenue of $637.20 million for the quarter, compared to the consensus estimate of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. HubSpot’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.17) earnings per share.

Insider Activity

In other news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the transaction, the chief executive officer now owns 67,203 shares in the company, valued at $33,009,441.57. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Dawson Alyssa Harvey sold 384 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the transaction, the insider now directly owns 9,735 shares of the company’s stock, valued at approximately $4,548,484.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the transaction, the chief executive officer now directly owns 67,203 shares in the company, valued at $33,009,441.57. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,321 shares of company stock worth $3,374,089 in the last quarter. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of HubSpot by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock worth $2,781,013,000 after purchasing an additional 119,999 shares during the period. PNC Financial Services Group Inc. lifted its holdings in HubSpot by 74.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,646 shares of the software maker’s stock valued at $2,117,000 after buying an additional 1,560 shares during the period. M&G Plc acquired a new position in HubSpot in the first quarter valued at $8,533,000. Headlands Technologies LLC acquired a new position in shares of HubSpot during the second quarter valued at about $3,135,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of HubSpot by 34.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,775 shares of the software maker’s stock valued at $9,257,000 after purchasing an additional 3,750 shares during the period. 90.39% of the stock is owned by institutional investors.

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.