Stephens Initiates Coverage on HubSpot (NYSE:HUBS)

Equities research analysts at Stephens began coverage on shares of HubSpot (NYSE:HUBS - Get Free Report) in a report released on Wednesday, MarketBeat Ratings reports. The firm set an "overweight" rating and a $769.00 price target on the software maker's stock. Stephens' target price indicates a potential upside of 27.13% from the stock's previous close.

Other research analysts also recently issued reports about the stock. Bank of America increased their target price on shares of HubSpot from $780.00 to $850.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Raymond James increased their target price 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. Jefferies Financial Group increased their target price on shares of HubSpot from $860.00 to $900.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Scotiabank increased their target price on shares of HubSpot from $825.00 to $900.00 and gave the company a "sector outperform" rating in a research report on Thursday, February 13th. Finally, Piper Sandler raised their price objective on shares of HubSpot from $640.00 to $808.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $853.32.

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HubSpot Price Performance

Shares of HUBS traded up $6.67 during midday trading on Wednesday, reaching $604.89. The stock had a trading volume of 644,974 shares, compared to its average volume of 604,950. HubSpot has a 1-year low of $434.84 and a 1-year high of $881.13. The company's fifty day simple moving average is $715.33 and its two-hundred day simple moving average is $656.27. The company has a market cap of $31.55 billion, a price-to-earnings ratio of 6,721.75, a PEG ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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%. On average, sell-side analysts forecast that HubSpot will post 1.01 earnings per share for the current year.

Insider Activity at HubSpot

In related news, CFO Kathryn Bueker sold 1,796 shares of the firm's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $1,260,055.64. Following the completion of the sale, the chief financial officer now owns 38,560 shares in the company, valued at $27,053,310.40. This trade represents a 4.45 % 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, Director Lorrie M. Norrington sold 572 shares of HubSpot stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $721.60, for a total transaction of $412,755.20. Following the transaction, the director now owns 1,125 shares of the company's stock, valued at approximately $811,800. The trade was a 33.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,425 shares of company stock worth $15,866,151 over the last 90 days. Company insiders own 4.50% of the company's stock.

Hedge Funds Weigh In On HubSpot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HUBS. Victory Capital Management Inc. raised its position in HubSpot by 1.7% during the third quarter. Victory Capital Management Inc. now owns 24,620 shares of the software maker's stock worth $13,088,000 after acquiring an additional 416 shares during the last quarter. CIBC Asset Management Inc raised its position in HubSpot by 5.2% during the third quarter. CIBC Asset Management Inc now owns 1,890 shares of the software maker's stock worth $1,005,000 after acquiring an additional 93 shares during the last quarter. Thrivent Financial for Lutherans raised its position in HubSpot by 10.8% during the third quarter. Thrivent Financial for Lutherans now owns 33,559 shares of the software maker's stock worth $17,840,000 after acquiring an additional 3,270 shares during the last quarter. Swiss National Bank raised its position in HubSpot by 0.8% during the third quarter. Swiss National Bank now owns 143,700 shares of the software maker's stock worth $76,391,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Quest Partners LLC raised its position in HubSpot by 125.6% during the third quarter. Quest Partners LLC now owns 871 shares of the software maker's stock worth $463,000 after acquiring an additional 485 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

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.