HubSpot (NYSE:HUBS) Rating Reiterated by Royal Bank of Canada

HubSpot (NYSE:HUBS)‘s stock had its “outperform” rating reiterated by equities research analysts at Royal Bank of Canada in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $700.00 target price on the software maker’s stock. Royal Bank of Canada’s target price suggests a potential upside of 32.86% from the company’s current price.

HUBS has been the subject of a number of other reports. UBS Group lowered their target price on HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Canaccord Genuity Group reduced their target price on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Raymond James decreased their price target on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Truist Financial restated a “buy” rating and issued a $600.00 price objective (down previously from $700.00) on shares of HubSpot in a research report on Thursday, August 8th. Finally, Oppenheimer reduced their price objective on HubSpot from $725.00 to $625.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $610.79.

HubSpot Stock Down 0.6 %

Shares of HUBS stock opened at $526.88 on Thursday. The company has a market capitalization of $26.85 billion, a P/E ratio of -198.82, a P/E/G ratio of 3,140.82 and a beta of 1.63. HubSpot has a 12-month low of $407.23 and a 12-month high of $693.85. The firm has a 50-day moving average price of $489.80 and a 200 day moving average price of $566.48.

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

Insider Buying and Selling at HubSpot

In related news, CFO Kathryn Bueker sold 1,135 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total value of $672,828.00. Following the completion of the transaction, the chief financial officer now directly owns 44,715 shares in the company, valued at approximately $26,507,052. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Kathryn Bueker sold 1,135 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $672,828.00. Following the completion of the transaction, the chief financial officer now directly owns 44,715 shares of the company’s stock, valued at approximately $26,507,052. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now directly owns 67,203 shares in the company, valued at approximately $33,009,441.57. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,012 shares of company stock valued at $21,300,253. Company insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Riverview Trust Co bought a new stake in HubSpot during the first quarter worth $27,000. Geneos Wealth Management Inc. raised its holdings in shares of HubSpot by 1,125.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock valued at $31,000 after purchasing an additional 45 shares during the period. International Assets Investment Management LLC acquired a new stake in HubSpot in the 2nd quarter valued at about $35,000. Crewe Advisors LLC grew its holdings in HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after purchasing an additional 63 shares during the period. Finally, SYSTM Wealth Solutions LLC increased its position in HubSpot by 54.0% during the first quarter. SYSTM Wealth Solutions LLC now owns 77 shares of the software maker’s stock worth $48,000 after buying an additional 27 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.