HubSpot (NYSE:HUBS) Coverage Initiated by Analysts at Bank of America

Bank of America started coverage on shares of HubSpot (NYSE:HUBS) in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $300.00 target price on the software maker’s stock.

A number of other brokerages have also recently commented on HUBS. Sanford C. Bernstein reissued an “outperform” rating on shares of HubSpot in a research report on Thursday, February 12th. Mizuho reduced their price objective on HubSpot from $550.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. Zacks Research upgraded HubSpot from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Cantor Fitzgerald boosted their target price on HubSpot from $280.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Finally, Stifel Nicolaus cut their target price on HubSpot from $550.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $435.93.

HubSpot Price Performance

NYSE:HUBS opened at $243.92 on Tuesday. The firm’s 50-day moving average price is $260.46 and its 200-day moving average price is $362.30. The company has a market capitalization of $12.86 billion, a PE ratio of 280.37, a P/E/G ratio of 3.55 and a beta of 1.40. HubSpot has a 1-year low of $207.20 and a 1-year high of $682.57.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. The company had revenue of $846.75 million during the quarter, compared to analysts’ expectations of $830.65 million. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. HubSpot’s revenue was up 20.4% on a year-over-year basis. During the same period last year, the company posted $2.32 EPS. Equities analysts anticipate that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Activity at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the sale, the director directly owned 487,344 shares in the company, valued at approximately $147,850,422.72. This trade represents a 1.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Erika Ashley Fisher sold 841 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total value of $200,166.41. Following the sale, the insider owned 10,119 shares in the company, valued at approximately $2,408,423.19. This represents a 7.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,691 shares of company stock worth $7,250,662 over the last ninety days. 4.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HubSpot

Several institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its position in HubSpot by 36.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,581,922 shares of the software maker’s stock worth $1,838,727,000 after buying an additional 1,224,424 shares during the last quarter. Capital World Investors bought a new position in HubSpot during the 4th quarter valued at about $259,930,000. AQR Capital Management LLC boosted its holdings in shares of HubSpot by 117.6% during the 4th quarter. AQR Capital Management LLC now owns 1,188,981 shares of the software maker’s stock valued at $477,138,000 after acquiring an additional 642,545 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in shares of HubSpot by 32.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,935,587 shares of the software maker’s stock worth $776,714,000 after acquiring an additional 476,740 shares during the period. Finally, Alyeska Investment Group L.P. grew its stake in shares of HubSpot by 408.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 560,088 shares of the software maker’s stock worth $224,763,000 after acquiring an additional 449,864 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Company Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.