HubSpot (NYSE:HUBS) Rating Reiterated by Needham & Company LLC

HubSpot (NYSE:HUBS)‘s stock had its “buy” rating reiterated by research analysts at Needham & Company LLC in a report issued on Thursday, Benzinga reports. They currently have a $730.00 price target on the software maker’s stock. Needham & Company LLC’s price objective points to a potential upside of 38.55% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Oppenheimer lowered their price target on shares of HubSpot from $725.00 to $625.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Citigroup decreased their target price on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Truist Financial reaffirmed a “buy” rating and issued a $600.00 target price (down previously from $700.00) on shares of HubSpot in a research report on Thursday, August 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $570.00 target price on shares of HubSpot in a research report on Thursday, August 8th. Finally, Barclays decreased their target price on shares of HubSpot from $575.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $610.79.

HubSpot Stock Down 0.6 %

HUBS stock opened at $526.88 on Thursday. HubSpot has a 52 week low of $407.23 and a 52 week high of $693.85. The company has a fifty day simple moving average of $489.80 and a two-hundred day simple moving average of $566.48. The firm has a market capitalization of $26.85 billion, a P/E ratio of -198.82, a price-to-earnings-growth ratio of 3,140.82 and a beta of 1.63.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The business had revenue of $637.20 million for the quarter, compared to the consensus estimate of $619.28 million. During the same quarter last year, the firm posted ($1.17) EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, analysts anticipate that HubSpot will post 0.01 EPS for the current year.

Insider Transactions at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,877 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the completion of the sale, the chief executive officer now directly owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other HubSpot news, CEO Yamini Rangan sold 2,877 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the completion of the sale, the chief executive officer now directly owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dawson Alyssa Harvey sold 384 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total value of $179,416.32. Following the sale, the insider now directly owns 9,735 shares of the company’s stock, valued at $4,548,484.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,012 shares of company stock worth $21,300,253. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new stake in shares of HubSpot in the second quarter valued at about $3,689,000. Sycomore Asset Management lifted its stake in shares of HubSpot by 9.5% in the second quarter. Sycomore Asset Management now owns 2,988 shares of the software maker’s stock valued at $1,699,000 after purchasing an additional 260 shares during the period. Cetera Investment Advisers lifted its stake in shares of HubSpot by 17.8% in the second quarter. Cetera Investment Advisers now owns 4,706 shares of the software maker’s stock valued at $2,776,000 after purchasing an additional 712 shares during the period. Quarry LP acquired a new stake in shares of HubSpot in the second quarter valued at about $146,000. Finally, NewEdge Advisors LLC lifted its stake in shares of HubSpot by 2.2% in the second quarter. NewEdge Advisors LLC now owns 3,344 shares of the software maker’s stock valued at $1,972,000 after purchasing an additional 72 shares during the period. 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.