HubSpot’s (HUBS) Outperform Rating Reiterated at Oppenheimer

Oppenheimer restated their outperform rating on shares of HubSpot (NYSE:HUBS) in a research report report published on Thursday, Benzinga reports. The firm currently has a $625.00 price target on the software maker’s stock.

A number of other analysts have also recently weighed in on HUBS. KeyCorp upgraded shares of HubSpot from an underweight rating to a sector weight rating and set a $460.00 price target on the stock in a report on Thursday, August 8th. Evercore ISI lowered their price target on shares of HubSpot from $650.00 to $550.00 and set an in-line rating on the stock in a report on Thursday, August 8th. Barclays lowered their price target on shares of HubSpot from $575.00 to $500.00 and set an equal weight rating on the stock in a report on Friday, August 9th. UBS Group lowered their price target on shares of HubSpot from $580.00 to $550.00 and set a neutral rating on the stock in a report on Thursday, August 8th. Finally, Wells Fargo & Company lowered their price target on shares of HubSpot from $650.00 to $625.00 and set an overweight rating on the stock in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $610.79.

HubSpot Price Performance

Shares of HubSpot stock opened at $526.88 on Thursday. HubSpot has a 1 year low of $407.23 and a 1 year high of $693.85. The firm’s 50-day moving average is $489.80 and its two-hundred day moving average is $566.20. The stock has a market cap of $26.85 billion, a price-to-earnings ratio of -198.82, a PEG ratio of 3,140.82 and a beta of 1.63.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $619.28 million. During the same period in the prior year, the business earned ($1.17) EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. On average, equities analysts expect that HubSpot will post 0.01 earnings per share for the current year.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the transaction, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 sale, the insider now owns 9,735 shares of the company’s stock, valued at approximately $4,548,484.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the chief executive officer now directly owns 67,203 shares in the company, valued at approximately $33,009,441.57. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,012 shares of company stock valued at $21,300,253. 4.50% of the stock is owned by insiders.

Institutional Investors Weigh In On HubSpot

Hedge funds and other institutional investors have recently made changes to their positions in the company. Riverview Trust Co acquired a new stake in shares of HubSpot during the 1st quarter worth approximately $27,000. Geneos Wealth Management Inc. grew its stake in HubSpot by 1,125.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock valued at $31,000 after acquiring an additional 45 shares during the period. International Assets Investment Management LLC acquired a new stake in HubSpot in the 2nd quarter valued at $35,000. Crewe Advisors LLC grew its stake in HubSpot by 525.0% in the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after acquiring an additional 63 shares during the period. Finally, SYSTM Wealth Solutions LLC grew its stake in HubSpot by 54.0% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 77 shares of the software maker’s stock valued at $48,000 after acquiring an additional 27 shares during the period. 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.