HubSpot’s (HUBS) “Overweight” Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of HubSpot (NYSE:HUBS) in a report issued on Friday morning,Benzinga reports. Cantor Fitzgerald currently has a $775.00 target price on the software maker’s stock.

Several other research analysts also recently commented on HUBS. JPMorgan Chase & Co. decreased their target price on shares of HubSpot from $775.00 to $675.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th. Wells Fargo & Company initiated coverage on shares of HubSpot in a research note on Tuesday. They issued an “overweight” rating and a $685.00 target price on the stock. Stifel Nicolaus decreased their target price on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research note on Monday, July 14th. UBS Group reaffirmed an “outperform” rating on shares of HubSpot in a research note on Wednesday, September 3rd. Finally, KeyCorp decreased their target price on shares of HubSpot from $860.00 to $775.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $723.11.

HubSpot Stock Performance

HUBS stock opened at $452.93 on Friday. The company has a market capitalization of $23.87 billion, a PE ratio of -1,969.27, a price-to-earnings-growth ratio of 15.35 and a beta of 1.58. HubSpot has a one year low of $418.34 and a one year high of $881.13. The company’s 50 day moving average price is $483.26 and its two-hundred day moving average price is $545.08.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, topping the consensus estimate of $2.12 by $0.07. The firm had revenue of $760.87 million for the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The business’s revenue was up 19.4% compared to the same quarter last year. During the same period last year, the firm posted $1.94 earnings per share. On average, research analysts predict that HubSpot will post 1.01 EPS for the current year.

Insider Buying and Selling at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $506.52, for a total transaction of $4,305,420.00. Following the sale, the director owned 522,185 shares in the company, valued at approximately $264,497,146.20. The trade was a 1.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 477 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $500.00, for a total transaction of $238,500.00. Following the sale, the chief executive officer owned 62,291 shares in the company, valued at approximately $31,145,500. This trade represents a 0.76% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,096 shares of company stock worth $24,062,137. Corporate insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On HubSpot

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in HubSpot by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 5,391,241 shares of the software maker’s stock worth $3,000,926,000 after purchasing an additional 144,507 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in HubSpot by 17.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker’s stock worth $2,805,070,000 after purchasing an additional 714,980 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in HubSpot by 37.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock worth $530,115,000 after purchasing an additional 251,853 shares in the last quarter. Geode Capital Management LLC boosted its stake in HubSpot by 4.3% in the 2nd quarter. Geode Capital Management LLC now owns 925,938 shares of the software maker’s stock worth $513,886,000 after purchasing an additional 38,096 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in HubSpot by 548.6% in the 2nd quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock worth $442,341,000 after purchasing an additional 672,158 shares in the last quarter. Institutional investors 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.