Needham & Company LLC Reiterates Buy Rating for HubSpot (NYSE:HUBS)

HubSpot (NYSE:HUBS)‘s stock had its “buy” rating restated by analysts at Needham & Company LLC in a research note issued on Monday, Benzinga reports. They presently have a $730.00 target price on the software maker’s stock. Needham & Company LLC’s price target would suggest a potential upside of 30.50% from the stock’s previous close.

A number of other brokerages also recently weighed in on HUBS. Barclays lowered their price objective on shares of HubSpot from $575.00 to $500.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Wells Fargo & Company lowered their target price on HubSpot from $650.00 to $625.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $700.00 price target on shares of HubSpot in a report on Thursday, September 19th. Raymond James lowered their price objective on HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Evercore ISI cut their target price on HubSpot from $650.00 to $550.00 and set an “in-line” rating on the stock in a research note 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $611.83.

HubSpot Stock Up 1.1 %

Shares of HubSpot stock opened at $559.40 on Monday. The business has a 50-day moving average price of $504.35 and a 200 day moving average price of $556.89. HubSpot has a fifty-two week low of $407.23 and a fifty-two week high of $693.85. The firm has a market cap of $28.51 billion, a P/E ratio of -211.09, a P/E/G ratio of 7,193.98 and a beta of 1.64.

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

Insider Activity at HubSpot

In other news, CFO Kathryn Bueker sold 1,804 shares of HubSpot stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $992,200.00. Following the transaction, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at $22,692,450. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Kathryn Bueker sold 1,804 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $992,200.00. Following the completion of the sale, the chief financial officer now owns 41,259 shares in the company, valued at $22,692,450. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total value of $4,014,295.00. Following the transaction, the insider now owns 518,152 shares in the company, valued at $244,707,645.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,821 shares of company stock worth $7,388,384 in the last quarter. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On HubSpot

A number of large investors have recently made changes to their positions in HUBS. Jennison Associates LLC lifted its position in HubSpot by 62.1% in the 1st quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock worth $988,406,000 after buying an additional 604,554 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of HubSpot by 10.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock worth $1,211,535,000 after acquiring an additional 176,336 shares in the last quarter. Fred Alger Management LLC grew its stake in HubSpot by 516.2% in the second quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker’s stock valued at $96,307,000 after purchasing an additional 136,793 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of HubSpot by 2.6% during the 4th 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 in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of HubSpot by 88.7% during the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock valued at $142,468,000 after buying an additional 113,555 shares during the last quarter. Institutional investors and hedge funds 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.