HubSpot’s (HUBS) Outperform Rating Reaffirmed at Royal Bank Of Canada

HubSpot (NYSE:HUBS)‘s stock had its “outperform” rating reissued by research analysts at Royal Bank Of Canada in a report released on Thursday,Benzinga reports. They presently have a $400.00 price target on the software maker’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 80.62% from the stock’s previous close.

HUBS has been the subject of several other reports. Truist Financial decreased their price objective on shares of HubSpot from $650.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Mizuho decreased their price objective on shares of HubSpot from $550.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. Wall Street Zen raised shares of HubSpot from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 11th. Jefferies Financial Group decreased their price objective on shares of HubSpot from $560.00 to $325.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Finally, Stifel Nicolaus decreased their price objective on shares of HubSpot from $375.00 to $325.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Twenty-seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $422.31.

HubSpot Stock Up 1.3%

HUBS stock traded up $2.84 during midday trading on Thursday, hitting $221.46. The company’s stock had a trading volume of 369,306 shares, compared to its average volume of 1,694,520. The firm has a market capitalization of $11.68 billion, a P/E ratio of 254.34, a PEG ratio of 2.86 and a beta of 1.44. The firm has a 50-day simple moving average of $244.85 and a 200-day simple moving average of $341.01. HubSpot has a 52-week low of $187.45 and a 52-week high of $682.57.

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

Insider Buying and Selling at HubSpot

In related news, insider Erika Ashley Fisher sold 841 shares of HubSpot stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total transaction of $200,166.41. Following the sale, the insider directly owned 10,119 shares in the company, valued at $2,408,423.19. This trade represents a 7.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on 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 sale, the director owned 370,558 shares in the company, valued at $97,364,114.50. This represents a 2.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,691 shares of company stock worth $7,250,662 over the last quarter. 4.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On HubSpot

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BI Asset Management Fondsmaeglerselskab A S raised its stake in HubSpot by 16.1% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,671 shares of the software maker’s stock worth $652,000 after acquiring an additional 370 shares in the last quarter. Diversified Trust Co increased its stake in HubSpot by 139.3% in the first quarter. Diversified Trust Co now owns 7,009 shares of the software maker’s stock valued at $1,711,000 after purchasing an additional 4,080 shares during the period. World Investment Advisors raised its holdings in shares of HubSpot by 72.7% in the fourth quarter. World Investment Advisors now owns 786 shares of the software maker’s stock valued at $315,000 after buying an additional 331 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of HubSpot by 40.8% in the fourth quarter. Corient Private Wealth LLC now owns 2,967 shares of the software maker’s stock valued at $1,191,000 after buying an additional 860 shares during the last quarter. Finally, Reflection Asset Management purchased a new stake in shares of HubSpot in the fourth quarter valued at about $37,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.