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

Macquarie assumed coverage on shares of HubSpot (NYSE:HUBS) in a research note published on Monday morning, Marketbeat.com reports. The firm issued an outperform rating and a $730.00 price objective on the software maker’s stock.

Other equities research analysts have also issued research reports about the company. The Goldman Sachs Group raised their target price on HubSpot from $783.00 to $900.00 and gave the stock a “buy” rating 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 research note on Thursday, February 13th. Royal Bank of Canada raised their price objective on HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and boosted their target price for the company from $680.00 to $725.00 in a report on Friday, January 17th. Finally, StockNews.com lowered HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus target price of $848.58.

HubSpot Stock Up 3.3 %

Shares of NYSE:HUBS opened at $626.39 on Monday. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The stock has a market cap of $32.67 billion, a price-to-earnings ratio of 6,960.61, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. The firm’s 50 day moving average price is $713.86 and its 200 day moving average price is $657.13.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. On average, equities analysts anticipate that HubSpot will post 1.01 EPS for the current year.

Insider Transactions at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now owns 527,233 shares in the company, valued at $320,283,502.84. This trade represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Yamini Rangan sold 3,057 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the transaction, the chief executive officer now owns 54,079 shares in the company, valued at $37,941,285.61. The trade was a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,425 shares of company stock valued at $15,866,151. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of HubSpot in the fourth quarter valued at $420,345,000. Wellington Management Group LLP lifted its stake in HubSpot by 52.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after buying an additional 480,796 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in HubSpot during the 4th quarter valued at $157,019,000. Wealthfront Advisers LLC raised its holdings in shares of HubSpot by 3,090.2% in the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock worth $93,049,000 after acquiring an additional 129,357 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of HubSpot in the fourth quarter valued at $79,135,000. 90.39% of the stock is owned by institutional investors and hedge funds.

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.