HubSpot (NYSE:HUBS) Earns Outperform Rating from Analysts at Credit Suisse Group

Credit Suisse Group started coverage on shares of HubSpot (NYSE:HUBSGet Rating) in a report published on Monday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $400.00 price objective on the software maker’s stock.

A number of other research firms have also issued reports on HUBS. Jefferies Financial Group reduced their price target on shares of HubSpot from $450.00 to $400.00 and set a buy rating for the company in a research report on Monday, October 24th. Macquarie started coverage on shares of HubSpot in a research report on Wednesday, November 2nd. They set an outperform rating and a $355.00 price objective on the stock. Truist Financial cut their price objective on shares of HubSpot from $500.00 to $400.00 in a research report on Friday, November 4th. Stifel Nicolaus cut their price objective on shares of HubSpot from $425.00 to $375.00 and set a buy rating on the stock in a research report on Thursday, September 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of HubSpot from $475.00 to $435.00 and set an overweight rating on the stock in a research report on Thursday, November 3rd. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $400.09.

HubSpot Price Performance

NYSE HUBS opened at $289.30 on Monday. The company has a 50 day simple moving average of $279.29 and a 200-day simple moving average of $309.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.34 and a quick ratio of 2.34. The firm has a market capitalization of $14.05 billion, a price-to-earnings ratio of -121.55 and a beta of 1.58. HubSpot has a 52-week low of $245.03 and a 52-week high of $862.00.

Insider Transactions at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, October 18th. The shares were sold at an average price of $284.70, for a total value of $2,419,950.00. Following the sale, the insider now owns 648,280 shares in the company, valued at $184,565,316. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 25,500 shares of company stock worth $7,429,680. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On HubSpot

A number of institutional investors have recently bought and sold shares of the business. Toroso Investments LLC acquired a new stake in HubSpot during the third quarter worth $414,000. B. Riley Wealth Advisors Inc. acquired a new stake in HubSpot during the third quarter worth $251,000. Seaport Global Advisors LLC boosted its stake in HubSpot by 4.4% during the third quarter. Seaport Global Advisors LLC now owns 1,049 shares of the software maker’s stock worth $283,000 after buying an additional 44 shares in the last quarter. National Pension Service boosted its stake in HubSpot by 0.6% during the third quarter. National Pension Service now owns 71,535 shares of the software maker’s stock worth $19,626,000 after buying an additional 455 shares in the last quarter. Finally, Grandeur Peak Global Advisors LLC boosted its stake in HubSpot by 1.7% during the third quarter. Grandeur Peak Global Advisors LLC now owns 39,398 shares of the software maker’s stock worth $10,642,000 after buying an additional 653 shares in the last quarter. Institutional investors and hedge funds own 91.05% of the company’s stock.

HubSpot Company Profile

(Get Rating)

HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

Featured Articles

Analyst Recommendations for HubSpot (NYSE:HUBS)

Receive News & Ratings for HubSpot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HubSpot and related companies with MarketBeat.com's FREE daily email newsletter.