HubSpot (NYSE:HUBS) Earns Buy Rating from Analysts at Redburn Atlantic

Investment analysts at Redburn Atlantic assumed coverage on shares of HubSpot (NYSE:HUBS) in a report issued on Wednesday,Briefing.com Automated Import reports. The firm set a “buy” rating on the software maker’s stock.

Several other brokerages also recently issued reports on HUBS. Oppenheimer upped their target price on shares of HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Raymond James lifted their target price on HubSpot from $750.00 to $980.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Citigroup lifted their price objective on HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Stifel Nicolaus upped their target price on shares of HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, UBS Group increased their price objective on shares of HubSpot from $740.00 to $775.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $863.96.

HubSpot Stock Down 3.4 %

Shares of NYSE HUBS traded down $26.93 on Wednesday, reaching $776.42. 142,159 shares of the company’s stock traded hands, compared to its average volume of 474,655. The business’s 50 day simple moving average is $738.68 and its two-hundred day simple moving average is $627.81. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13. The company has a market cap of $40.49 billion, a price-to-earnings ratio of 8,661.21, a price-to-earnings-growth ratio of 48.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Analysts forecast that HubSpot will post 0.93 earnings per share for the current fiscal year.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $729.65, for a total transaction of $6,202,025.00. Following the sale, the insider now directly owns 513,698 shares of the company’s stock, valued at $374,819,745.70. This represents a 1.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the transaction, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,612 shares of company stock valued at $28,993,612 in the last 90 days. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Elequin Capital LP purchased a new position in HubSpot during the fourth quarter worth $27,000. Larson Financial Group LLC grew its holdings in HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after purchasing an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after purchasing an additional 19 shares during the period. Coppell Advisory Solutions LLC raised its position in HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after purchasing an additional 22 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in HubSpot in the third quarter worth about $25,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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.