Oppenheimer Reiterates “Outperform” Rating for HubSpot (NYSE:HUBS)

HubSpot (NYSE:HUBS)‘s stock had its “outperform” rating restated by equities researchers at Oppenheimer in a report issued on Thursday, Benzinga reports. They currently have a $625.00 price objective on the software maker’s stock. Oppenheimer’s target price would suggest a potential upside of 18.62% from the stock’s current price.

Several other research firms have also recently weighed in on HUBS. Needham & Company LLC reissued a “buy” rating and set a $730.00 price objective on shares of HubSpot in a report on Thursday. Bank of America decreased their price objective on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Raymond James decreased their price objective on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company decreased their price objective on shares of HubSpot from $650.00 to $625.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $700.00 target price on shares of HubSpot in a report on Thursday. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $610.79.

HubSpot Stock Performance

Shares of NYSE HUBS opened at $526.88 on Thursday. The firm’s 50 day moving average price is $489.80 and its 200-day moving average price is $566.48. The company has a market cap of $26.85 billion, a PE ratio of -198.82, a P/E/G ratio of 3,140.82 and a beta of 1.63. HubSpot has a 52-week low of $407.23 and a 52-week high of $693.85.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $637.20 million during the quarter, compared to analysts’ expectations of $619.28 million. During the same period in the previous year, the company earned ($1.17) earnings per share. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. On average, analysts forecast that HubSpot will post 0.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares in the company, valued at $33,009,441.57. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the transaction, the chief executive officer now owns 67,203 shares in the company, valued at $33,009,441.57. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kathryn Bueker sold 1,135 shares of HubSpot stock in a transaction dated 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 sale, the chief financial officer now directly owns 44,715 shares in the company, valued at $26,507,052. The disclosure for this sale can be found here. Insiders sold 38,012 shares of company stock worth $21,300,253 in the last three months. 4.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in HubSpot by 14.3% during the first quarter. GAMMA Investing LLC now owns 120 shares of the software maker’s stock valued at $75,000 after purchasing an additional 15 shares in the last quarter. First Affirmative Financial Network grew its stake in shares of HubSpot by 3.8% in the 1st quarter. First Affirmative Financial Network now owns 493 shares of the software maker’s stock worth $309,000 after buying an additional 18 shares in the last quarter. Lindbrook Capital LLC increased its holdings in shares of HubSpot by 17.9% in the 1st quarter. Lindbrook Capital LLC now owns 138 shares of the software maker’s stock worth $86,000 after buying an additional 21 shares during the last quarter. Eagle Wealth Strategies LLC raised its position in shares of HubSpot by 5.8% during the 1st quarter. Eagle Wealth Strategies LLC now owns 386 shares of the software maker’s stock valued at $246,000 after buying an additional 21 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its holdings in shares of HubSpot by 19.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock valued at $91,000 after acquiring an additional 25 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

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.