BNP Paribas Initiates Coverage on HubSpot (NYSE:HUBS)

Research analysts at BNP Paribas assumed coverage on shares of HubSpot (NYSE:HUBS) in a research report issued on Tuesday, MarketBeat Ratings reports. The firm set an “outperform” rating and a $700.00 price target on the software maker’s stock. BNP Paribas’ price objective would suggest a potential upside of 23.51% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. Scotiabank increased their price objective on HubSpot from $825.00 to $900.00 and gave the stock a “sector outperform” rating in a research report on Thursday, February 13th. Truist Financial cut their price target on shares of HubSpot from $900.00 to $720.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Piper Sandler boosted their price objective on shares of HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. TD Cowen downgraded shares of HubSpot from a “buy” rating to a “hold” rating and lifted their price target for the company from $680.00 to $725.00 in a research report on Friday, January 17th. Finally, Macquarie began coverage on HubSpot in a report on Monday, March 24th. They issued an “outperform” rating and a $730.00 price target on the stock. Five research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and a consensus target price of $794.67.

HubSpot Stock Performance

Shares of HUBS opened at $566.75 on Tuesday. HubSpot has a 1 year low of $434.84 and a 1 year high of $881.13. The stock has a market capitalization of $29.56 billion, a P/E ratio of 6,297.92, a P/E/G ratio of 41.44 and a beta of 1.82. The company’s fifty day moving average is $612.11 and its two-hundred day moving average is $659.52.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. Sell-side analysts predict that HubSpot will post 1.01 EPS for the current year.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 2,382 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the transaction, the chief executive officer now directly owns 72,373 shares of the company’s stock, valued at approximately $41,536,312.16. The trade was a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the sale, the insider now directly owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,882 shares of company stock valued at $17,993,757 over the last quarter. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB purchased a new stake in shares of HubSpot during the third quarter worth about $25,000. Oddo BHF Asset Management Sas acquired a new position in shares of HubSpot in the 3rd quarter valued at approximately $740,000. GAMMA Investing LLC boosted its stake in shares of HubSpot by 16.9% during the 4th quarter. GAMMA Investing LLC now owns 221 shares of the software maker’s stock valued at $154,000 after buying an additional 32 shares during the last quarter. Everence Capital Management Inc. bought a new stake in shares of HubSpot in the fourth quarter worth $1,010,000. Finally, Nordea Investment Management AB increased its stake in shares of HubSpot by 7.7% in the fourth quarter. Nordea Investment Management AB now owns 4,268 shares of the software maker’s stock worth $2,987,000 after buying an additional 306 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other 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.