HubSpot, Inc. (NYSE:HUBS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of HubSpot, Inc. (NYSE:HUBS) have been given an average recommendation of “Moderate Buy” by the twenty-five analysts that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and twenty-one have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $614.33.

Several analysts have issued reports on HUBS shares. Royal Bank of Canada restated an “outperform” rating and issued a $700.00 target price on shares of HubSpot in a research note on Thursday, September 19th. Needham & Company LLC reiterated a “buy” rating and set a $730.00 price objective on shares of HubSpot in a research note on Monday, October 14th. Wells Fargo & Company decreased their price objective on HubSpot from $650.00 to $625.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Stifel Nicolaus boosted their price objective on HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Truist Financial reiterated a “buy” rating and set a $600.00 price objective (down from $700.00) on shares of HubSpot in a research note on Thursday, August 8th.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Kathryn Bueker sold 1,804 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $550.00, for a total transaction of $992,200.00. Following the completion of the transaction, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at approximately $22,692,450. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the transaction, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,937 shares of company stock valued at $3,194,673 over the last three months. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Hedge funds and other institutional investors have recently modified their holdings of the company. Jennison Associates LLC raised its stake in HubSpot by 62.1% in the first quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock worth $988,406,000 after buying an additional 604,554 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in HubSpot by 10.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock worth $1,211,535,000 after buying an additional 176,336 shares in the last quarter. Fred Alger Management LLC raised its stake in HubSpot by 516.2% in the second quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker’s stock worth $96,307,000 after buying an additional 136,793 shares in the last quarter. International Assets Investment Management LLC raised its stake in HubSpot by 214,342.4% in the third quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock worth $672,590,000 after buying an additional 126,462 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in HubSpot by 88.7% in the second quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock worth $142,468,000 after buying an additional 113,555 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

HubSpot Price Performance

Shares of HUBS opened at $555.22 on Friday. The firm has a market cap of $28.30 billion, a PE ratio of -209.52, a PEG ratio of 7,068.33 and a beta of 1.64. The stock’s fifty day moving average price is $523.23 and its two-hundred day moving average price is $548.31. HubSpot has a 1 year low of $408.62 and a 1 year high of $693.85.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.30. The firm had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The business’s revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the company posted ($1.17) earnings per share.

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.