HubSpot (NYSE:HUBS) Now Covered by Analysts at BTIG Research

Research analysts at BTIG Research initiated coverage on shares of HubSpot (NYSE:HUBS) in a report released on Monday. The firm set a “buy” rating and a $500.00 price target on the software maker’s stock. BTIG Research’s target price would suggest a potential upside of 29.87% from the company’s current price.

A number of other analysts also recently weighed in on HUBS. Rothschild Redb downgraded shares of HubSpot from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Mizuho cut their price target on shares of HubSpot from $700.00 to $550.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Barclays cut their price target on HubSpot from $675.00 to $575.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. The Goldman Sachs Group lowered their target price on HubSpot from $717.00 to $612.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, Wall Street Zen raised shares of HubSpot from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and a consensus target price of $613.45.

HubSpot Stock Performance

Shares of HUBS stock traded up $2.78 during midday trading on Monday, reaching $385.01. 549,197 shares of the company were exchanged, compared to its average volume of 597,528. The company has a market cap of $20.17 billion, a P/E ratio of -4,802.59, a PEG ratio of 8.97 and a beta of 1.46. HubSpot has a 12 month low of $344.41 and a 12 month high of $881.13. The company’s 50 day moving average price is $397.40 and its two-hundred day moving average price is $462.44.

HubSpot (NYSE:HUBS) last released its earnings results on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.08. The business had revenue of $809.52 million for the quarter, compared to the consensus estimate of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.18 EPS. As a group, sell-side analysts predict that HubSpot will post 1.01 earnings per share for the current year.

Insider Buying and Selling at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $366.99, for a total value of $3,119,415.00. Following the transaction, the director owned 496,308 shares in the company, valued at approximately $182,140,072.92. This trade represents a 1.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 25,500 shares of company stock valued at $10,058,565 in the last three months. 4.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Jennison Associates LLC raised its position in HubSpot by 548.6% in the 2nd quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock valued at $442,341,000 after buying an additional 672,158 shares during the last quarter. Norges Bank bought a new position in HubSpot during the second quarter valued at $269,941,000. Vanguard Group Inc. raised its stake in HubSpot by 6.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock valued at $2,683,659,000 after acquiring an additional 345,524 shares during the period. AQR Capital Management LLC raised its position in shares of HubSpot by 89.2% in the third quarter. AQR Capital Management LLC now owns 546,436 shares of the software maker’s stock valued at $255,623,000 after purchasing an additional 257,577 shares during the period. Finally, Atreides Management LP purchased a new stake in shares of HubSpot during the third quarter worth $113,878,000. 90.39% of the stock is owned by institutional investors and hedge funds.

About HubSpot

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.