HubSpot (NYSE:HUBS) Earns Overweight Rating from Analysts at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of HubSpot (NYSE:HUBS) in a report published on Tuesday, Marketbeat reports. The firm issued an overweight rating and a $685.00 target price on the software maker’s stock.

A number of other equities analysts have also weighed in on the stock. Macquarie lowered their price target on shares of HubSpot from $730.00 to $660.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Canaccord Genuity Group lowered their price target on shares of HubSpot from $765.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Stifel Nicolaus lowered their price target on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research report on Monday, July 14th. BMO Capital Markets lowered their price target on shares of HubSpot from $650.00 to $600.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $900.00 target price on shares of HubSpot in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus price target of $723.11.

HubSpot Trading Up 1.2%

HUBS opened at $445.64 on Tuesday. The firm has a market capitalization of $23.48 billion, a PE ratio of -1,937.58, a PEG ratio of 15.18 and a beta of 1.58. HubSpot has a twelve month low of $418.34 and a twelve month high of $881.13. The firm’s 50-day moving average price is $485.39 and its 200 day moving average price is $546.08.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.07. The firm had revenue of $760.87 million for the quarter, compared to analyst estimates of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. HubSpot’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.94 earnings per share. As a group, analysts predict that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In other news, CFO Kathryn Bueker sold 119 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $500.00, for a total value of $59,500.00. Following the sale, the chief financial officer directly owned 40,563 shares of the company’s stock, valued at approximately $20,281,500. The trade was a 0.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $506.52, for a total transaction of $4,305,420.00. Following the completion of the sale, the director directly owned 522,185 shares in the company, valued at $264,497,146.20. This trade represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,096 shares of company stock valued at $24,062,137 over the last 90 days. Insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in HubSpot by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 5,391,241 shares of the software maker’s stock worth $3,000,926,000 after buying an additional 144,507 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in HubSpot by 17.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker’s stock worth $2,805,070,000 after purchasing an additional 714,980 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in HubSpot by 37.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock worth $530,115,000 after purchasing an additional 251,853 shares during the last quarter. Geode Capital Management LLC lifted its stake in HubSpot by 4.3% during the second quarter. Geode Capital Management LLC now owns 925,938 shares of the software maker’s stock worth $513,886,000 after purchasing an additional 38,096 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in HubSpot by 548.6% during the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock worth $442,341,000 after purchasing an additional 672,158 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other 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.