HubSpot (NYSE:HUBS) Earns Outperform Rating from Analysts at BNP Paribas

BNP Paribas began coverage on shares of HubSpot (NYSE:HUBS) in a research note published on Tuesday morning, MarketBeat reports. The firm issued an outperform rating and a $700.00 target price on the software maker’s stock.

Several other analysts have also commented on HUBS. KeyCorp raised shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price objective on the stock in a research report on Thursday, February 13th. Wells Fargo & Company lifted their price target on shares of HubSpot from $835.00 to $940.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Barclays raised HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 price objective for the company in a report on Wednesday, March 12th. Mizuho dropped their price target on HubSpot from $900.00 to $700.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Finally, Morgan Stanley decreased their price objective on HubSpot from $898.00 to $659.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $789.11.

HubSpot Stock Performance

HUBS stock opened at $600.77 on Tuesday. The company has a market capitalization of $31.33 billion, a P/E ratio of 6,675.96, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. HubSpot has a 52-week low of $434.84 and a 52-week high of $881.13. The business has a 50-day simple moving average of $607.88 and a two-hundred day simple moving average of $660.06.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, sell-side analysts forecast that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the transaction, the insider now owns 524,751 shares in the company, valued at $425,048,310. The trade was a 1.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Yamini Rangan sold 2,382 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the sale, the chief executive officer now owns 72,373 shares of the company’s stock, valued at approximately $41,536,312.16. This represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,882 shares of company stock valued at $17,993,757. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several large investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of HubSpot in the third quarter worth approximately $25,000. Elequin Capital LP bought a new stake in HubSpot in the 4th quarter worth approximately $27,000. Larson Financial Group LLC raised its stake in HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after buying an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after buying an additional 19 shares during the period. Finally, Coppell Advisory Solutions LLC boosted its stake in shares of HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after buying an additional 22 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

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.