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

Shares of HubSpot, Inc. (NYSE:HUBS) have been given a consensus rating of “Moderate Buy” by the twenty-seven brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $633.69.

Several equities analysts have issued reports on the company. Wells Fargo & Company dropped their price target on HubSpot from $750.00 to $650.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. Piper Sandler dropped their target price on shares of HubSpot from $655.00 to $570.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Stifel Nicolaus reduced their price target on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a report on Thursday, May 9th. TD Cowen decreased their price target on shares of HubSpot from $700.00 to $680.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Finally, Barclays cut their price objective on shares of HubSpot from $600.00 to $575.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 9th.

HubSpot Price Performance

HUBS stock opened at $479.82 on Wednesday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.32. The firm has a market cap of $24.45 billion, a price-to-earnings ratio of -181.06 and a beta of 1.60. The company’s fifty day simple moving average is $575.45 and its 200 day simple moving average is $599.46. HubSpot has a 12-month low of $407.23 and a 12-month high of $693.85.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.27. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. The firm had revenue of $617.41 million during the quarter, compared to analyst estimates of $597.12 million. On average, analysts expect that HubSpot will post -0.44 earnings per share for the current year.

Insider Activity

In related news, CFO Kathryn Bueker sold 3,937 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $616.51, for a total transaction of $2,427,199.87. Following the completion of the transaction, the chief financial officer now owns 45,737 shares in the company, valued at $28,197,317.87. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other HubSpot news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total value of $4,014,295.00. Following the completion of the sale, the insider now directly owns 518,152 shares of the company’s stock, valued at $244,707,645.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kathryn Bueker sold 3,937 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $616.51, for a total value of $2,427,199.87. Following the completion of the sale, the chief financial officer now owns 45,737 shares in the company, valued at $28,197,317.87. The disclosure for this sale can be found here. Insiders sold a total of 46,491 shares of company stock valued at $26,699,609 in the last ninety days. 4.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HubSpot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HUBS. GAMMA Investing LLC boosted its position in HubSpot by 14.3% during the first quarter. GAMMA Investing LLC now owns 120 shares of the software maker’s stock worth $75,000 after purchasing an additional 15 shares during the period. Lincoln National Corp lifted its stake in shares of HubSpot by 2.6% during the 4th quarter. Lincoln National Corp now owns 666 shares of the software maker’s stock valued at $387,000 after buying an additional 17 shares in the last quarter. Addison Capital Co boosted its holdings in HubSpot by 0.5% in the 4th quarter. Addison Capital Co now owns 3,822 shares of the software maker’s stock worth $2,219,000 after buying an additional 18 shares during the period. First Affirmative Financial Network grew its stake in HubSpot by 3.8% in the 1st quarter. First Affirmative Financial Network now owns 493 shares of the software maker’s stock valued at $309,000 after buying an additional 18 shares in the last quarter. Finally, HB Wealth Management LLC raised its holdings in HubSpot by 3.5% during the 4th quarter. HB Wealth Management LLC now owns 562 shares of the software maker’s stock valued at $326,000 after acquiring an additional 19 shares during the period. 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.