HubSpot (NYSE:HUBS) Earns “Overweight” Rating from Cantor Fitzgerald

HubSpot (NYSE:HUBS)‘s stock had its “overweight” rating restated by Cantor Fitzgerald in a note issued to investors on Friday,Benzinga reports. They currently have a $775.00 price target on the software maker’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 71.11% from the stock’s current price.

A number of other equities analysts have also commented on HUBS. Wall Street Zen raised shares of HubSpot from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Sanford C. Bernstein raised shares of HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 target price on the stock in a report on Wednesday, September 3rd. KeyCorp cut their price target on HubSpot from $860.00 to $775.00 and set an “overweight” rating for the company in a research note on Thursday, August 7th. Stifel Nicolaus reduced their price target on HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research report on Monday, July 14th. Finally, Barclays dropped their price objective on HubSpot from $745.00 to $675.00 and set an “overweight” rating for the company in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and a consensus price target of $723.11.

HubSpot Trading Up 1.7%

Shares of NYSE HUBS opened at $452.93 on Friday. The firm has a market cap of $23.87 billion, a P/E ratio of -1,969.27, a price-to-earnings-growth ratio of 15.58 and a beta of 1.58. The business’s 50 day moving average is $483.26 and its 200-day moving average is $544.68. HubSpot has a 1-year low of $418.34 and a 1-year high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, beating 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 positive return on equity of 1.74% and a negative net margin of 0.42%.The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.94 EPS. Analysts forecast that HubSpot will post 1.01 EPS for the current year.

Insiders Place Their Bets

In related news, CTO Dharmesh Shah sold 4,747 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $501.60, for a total value of $2,381,095.20. Following the sale, the chief technology officer directly owned 1,271,058 shares of the company’s stock, valued at $637,562,692.80. This trade represents a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Yamini Rangan sold 477 shares of HubSpot stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $500.00, for a total value of $238,500.00. Following the completion of the transaction, the chief executive officer owned 62,291 shares in the company, valued at approximately $31,145,500. This represents a 0.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,096 shares of company stock valued at $24,062,137 in the last quarter. Corporate insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Merit Financial Group LLC increased its holdings in shares of HubSpot by 185.2% during the first quarter. Merit Financial Group LLC now owns 2,467 shares of the software maker’s stock worth $1,409,000 after buying an additional 1,602 shares in the last quarter. Congress Asset Management Co. increased its holdings in HubSpot by 343.1% in the 1st quarter. Congress Asset Management Co. now owns 1,533 shares of the software maker’s stock worth $876,000 after purchasing an additional 1,187 shares in the last quarter. Sivia Capital Partners LLC bought a new position in HubSpot in the first quarter valued at about $228,000. Clean Yield Group acquired a new stake in shares of HubSpot during the first quarter valued at about $41,000. Finally, Wedmont Private Capital bought a new stake in shares of HubSpot during the first quarter worth about $223,000. Institutional investors 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.