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

Equities researchers at BNP Paribas started coverage on shares of HubSpot (NYSE:HUBS) in a report released on Tuesday. The brokerage set an “outperform” rating and a $700.00 price target on the software maker’s stock. BNP Paribas’ price target would indicate a potential upside of 34.95% from the stock’s current price.

Several other research firms also recently weighed in on HUBS. Macquarie assumed coverage on HubSpot in a research note on Monday, March 24th. They set an “outperform” rating and a $730.00 price target for the company. Raymond James boosted their price target on shares of HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. TD Cowen downgraded shares of HubSpot from a “buy” rating to a “hold” rating and raised their price objective for the stock from $680.00 to $725.00 in a report on Friday, January 17th. Morgan Stanley dropped their target price on HubSpot from $898.00 to $659.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Citigroup lifted their price target on HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and a consensus target price of $813.67.

HubSpot Stock Performance

NYSE HUBS opened at $518.70 on Tuesday. The company has a market capitalization of $27.05 billion, a PE ratio of 5,763.97, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. HubSpot has a 52-week low of $434.84 and a 52-week high of $881.13. The company has a 50-day simple moving average of $622.56 and a 200 day simple moving average of $660.98.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. As a group, analysts forecast that HubSpot will post 1.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the sale, the chief executive officer now directly owns 72,373 shares of the company’s stock, valued at $41,536,312.16. The trade was a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the transaction, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,882 shares of company stock valued at $17,993,757 over the last quarter. 4.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HubSpot

Institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. lifted its position in HubSpot by 14.9% in the first quarter. Blue Trust Inc. now owns 693 shares of the software maker’s stock valued at $396,000 after purchasing an additional 90 shares during the last quarter. Compass Capital Corp MA ADV raised its holdings in HubSpot by 39.8% during the 1st quarter. Compass Capital Corp MA ADV now owns 548 shares of the software maker’s stock valued at $308,000 after buying an additional 156 shares during the last quarter. Janney Capital Management LLC purchased a new stake in HubSpot during the 1st quarter valued at $6,628,000. Insigneo Advisory Services LLC grew its holdings in HubSpot by 32.7% in the 1st quarter. Insigneo Advisory Services LLC now owns 442 shares of the software maker’s stock worth $252,000 after acquiring an additional 109 shares during the last quarter. Finally, Sowell Financial Services LLC purchased a new position in shares of HubSpot in the first quarter valued at about $226,000. 90.39% of the stock is currently 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.