HubSpot (NYSE:HUBS) Coverage Initiated at Bank of America

Analysts at Bank of America initiated coverage on shares of HubSpot (NYSE:HUBS) in a research report issued to clients and investors on Tuesday, MarketBeat reports. The firm set a “buy” rating and a $300.00 price target on the software maker’s stock. Bank of America‘s price objective indicates a potential upside of 23.47% from the company’s current price.

Several other research firms have also issued reports on HUBS. Royal Bank Of Canada decreased their target price on HubSpot from $800.00 to $400.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. Canaccord Genuity Group set a $485.00 price objective on shares of HubSpot in a research note on Thursday, February 12th. Barclays decreased their price objective on shares of HubSpot from $525.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. The Goldman Sachs Group lowered their target price on shares of HubSpot from $517.00 to $442.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Finally, Mizuho cut their target price on shares of HubSpot from $550.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $435.93.

HubSpot Stock Down 0.5%

HUBS stock opened at $242.98 on Tuesday. HubSpot has a twelve month low of $207.20 and a twelve month high of $682.57. The company has a market cap of $12.81 billion, a P/E ratio of 279.29, a price-to-earnings-growth ratio of 4.51 and a beta of 1.44. The business’s fifty day moving average is $259.28 and its 200-day moving average is $361.46.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 11th. The software maker reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The business had revenue of $846.75 million during the quarter, compared to analysts’ expectations of $830.65 million. During the same period in the previous year, the firm earned $2.32 earnings per share. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. Research analysts anticipate that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $262.75, for a total transaction of $2,233,375.00. Following the completion of the transaction, the director directly owned 370,558 shares of the company’s stock, valued at $97,364,114.50. This represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Erika Ashley Fisher sold 841 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total value of $200,166.41. Following the transaction, the insider owned 10,119 shares of the company’s stock, valued at approximately $2,408,423.19. The trade was a 7.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 26,691 shares of company stock worth $7,250,662. Corporate insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Large investors have recently bought and sold shares of the company. Strategic Advocates LLC bought a new stake in shares of HubSpot in the third quarter worth $25,000. Turning Point Benefit Group Inc. acquired a new position in shares of HubSpot during the 3rd quarter worth about $25,000. Goodman Advisory Group LLC bought a new position in shares of HubSpot in the 2nd quarter valued at about $27,000. Exane Asset Management bought a new position in shares of HubSpot in the 3rd quarter valued at about $30,000. Finally, Rakuten Securities Inc. increased its position in shares of HubSpot by 783.3% in the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after acquiring an additional 47 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Company Profile

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.