HubSpot’s (HUBS) Overweight Rating Reaffirmed at Stephens

HubSpot Inc (NYSE:HUBS)‘s stock had its “overweight” rating restated by investment analysts at Stephens in a research note issued on Thursday, May 4th. They presently have a $76.00 price target on the software maker’s stock, up from their prior price target of $70.00. Stephens’ target price points to a potential upside of 13.94% from the stock’s current price.

Several other analysts have also recently commented on the stock. Guggenheim initiated coverage on shares of HubSpot in a research note on Thursday, April 13th. They set a “buy” rating and a $70.00 price objective for the company. Zacks Investment Research cut shares of HubSpot from a “hold” rating to a “sell” rating in a research note on Friday, February 17th. Raymond James Financial, Inc. restated an “outperform” rating on shares of HubSpot in a research note on Tuesday, March 21st. Piper Jaffray Companies set a $65.00 target price on shares of HubSpot and gave the company a “buy” rating in a report on Wednesday, January 25th. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $63.00 target price (up from $53.00) on shares of HubSpot in a report on Thursday, May 4th. Two analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $68.68.

Analyst Recommendations for HubSpot (NYSE:HUBS)

Shares of HubSpot (NYSE:HUBS) traded up 2.40% during midday trading on Thursday, hitting $68.30. 334,475 shares of the stock traded hands. The firm’s market capitalization is $2.50 billion. The company’s 50-day moving average is $65.30 and its 200 day moving average is $57.47. HubSpot has a 52 week low of $41.63 and a 52 week high of $74.80.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Tuesday, May 2nd. The software maker reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.11. HubSpot had a negative net margin of 16.95% and a negative return on equity of 34.53%. The business had revenue of $82.25 million during the quarter, compared to analysts’ expectations of $79.33 million. Analysts anticipate that HubSpot will post ($0.08) earnings per share for the current year.

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In other HubSpot news, General Counsel John P. Kelleher sold 547 shares of the company’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $60.55, for a total value of $33,120.85. Following the transaction, the general counsel now owns 38,555 shares of the company’s stock, valued at $2,334,505.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dharmesh Shah sold 7,000 shares of the company’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $62.02, for a total transaction of $434,140.00. Following the completion of the transaction, the insider now directly owns 1,763,283 shares in the company, valued at approximately $109,358,811.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 130,241 shares of company stock worth $8,263,401. Corporate insiders own 18.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of HUBS. Westpac Banking Corp boosted its position in HubSpot by 19.9% in the third quarter. Westpac Banking Corp now owns 9,002 shares of the software maker’s stock worth $519,000 after buying an additional 1,494 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of HubSpot by 1.0% in the third quarter. California State Teachers Retirement System now owns 61,129 shares of the software maker’s stock worth $3,522,000 after buying an additional 600 shares during the period. Ameriprise Financial Inc. raised its stake in shares of HubSpot by 63.2% in the third quarter. Ameriprise Financial Inc. now owns 97,248 shares of the software maker’s stock worth $5,604,000 after buying an additional 37,659 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of HubSpot by 32.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 558,375 shares of the software maker’s stock worth $32,174,000 after buying an additional 137,652 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of HubSpot by 10.3% in the third quarter. Rhumbline Advisers now owns 29,981 shares of the software maker’s stock worth $1,728,000 after buying an additional 2,796 shares during the period. 85.89% of the stock is currently owned by institutional investors.

About HubSpot

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.

12 Month Chart for NYSE:HUBS

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