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

HubSpot (NYSE:HUBS - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $730.00 target price on the software maker's stock. Needham & Company LLC's price target indicates a potential upside of 24.33% from the company's current price.

A number of other analysts have also recently issued reports on HUBS. Royal Bank of Canada increased their target price on HubSpot from $625.00 to $700.00 and gave the stock an "outperform" rating in a research note on Thursday, February 15th. Stifel Nicolaus raised their price objective on shares of HubSpot from $700.00 to $750.00 and gave the stock a "buy" rating in a report on Monday, April 8th. Wolfe Research upped their target price on shares of HubSpot from $660.00 to $715.00 and gave the stock an "outperform" rating in a research note on Thursday, February 15th. KeyCorp started coverage on HubSpot in a research note on Thursday, March 21st. They issued an "underweight" rating and a $520.00 price target on the stock. Finally, Truist Financial boosted their price target on HubSpot from $600.00 to $700.00 and gave the company a "buy" rating in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $637.27.

HubSpot Trading Down 0.5 %

Shares of NYSE HUBS traded down $2.90 during midday trading on Thursday, reaching $587.15. 2,071,287 shares of the stock were exchanged, compared to its average volume of 519,989. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.96 and a quick ratio of 1.96. HubSpot has a 12 month low of $407.23 and a 12 month high of $693.85. The business has a 50-day simple moving average of $628.65 and a two-hundred day simple moving average of $567.79. The company has a market capitalization of $29.89 billion, a price-to-earnings ratio of -165.29 and a beta of 1.57.

HubSpot (NYSE:HUBS - Get Free Report) last posted its earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.22. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. The firm had revenue of $581.91 million for the quarter, compared to analyst estimates of $557.48 million. As a group, equities research analysts expect that HubSpot will post -0.98 EPS for the current year.

Insider Transactions at HubSpot

In other HubSpot news, insider Dawson Alyssa Harvey sold 1,086 shares of the company's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $618.25, for a total value of $671,419.50. Following the transaction, the insider now directly owns 7,783 shares in the company, valued at $4,811,839.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Dawson Alyssa Harvey sold 1,086 shares of the company's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $618.25, for a total value of $671,419.50. Following the transaction, the insider now owns 7,783 shares of the company's stock, valued at $4,811,839.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Yamini Rangan sold 8,817 shares of HubSpot stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $620.00, for a total value of $5,466,540.00. Following the sale, the chief executive officer now directly owns 88,977 shares of the company's stock, valued at $55,165,740. The disclosure for this sale can be found here. In the last three months, insiders sold 21,393 shares of company stock worth $13,421,401. 4.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On HubSpot

Hedge funds have recently added to or reduced their stakes in the stock. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of HubSpot by 11.0% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,282 shares of the software maker's stock worth $631,000 after acquiring an additional 127 shares in the last quarter. Strs Ohio increased its stake in shares of HubSpot by 1,203.0% in the 4th quarter. Strs Ohio now owns 20,001 shares of the software maker's stock valued at $11,611,000 after purchasing an additional 18,466 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of HubSpot by 19.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 22,546 shares of the software maker's stock worth $13,089,000 after buying an additional 3,671 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of HubSpot during the 4th quarter worth $2,312,000. Finally, Pathstone Family Office LLC acquired a new stake in HubSpot in the third quarter valued at about $677,000. 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.