HubSpot, Inc. (NYSE:HUBS) Given Average Recommendation of “Moderate Buy” by Analysts

HubSpot, Inc. (NYSE:HUBS) has earned a consensus recommendation of “Moderate Buy” from the twenty-three ratings firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $702.23.

A number of research analysts recently issued reports on HUBS shares. Royal Bank of Canada increased their price objective on HubSpot from $700.00 to $750.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Oppenheimer lifted their price objective on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Mizuho boosted their price objective on shares of HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Canaccord Genuity Group raised their target price on shares of HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC reissued a “buy” rating and set a $730.00 price target on shares of HubSpot in a research report on Thursday, November 7th.

HubSpot Stock Up 2.4 %

HubSpot stock opened at $719.00 on Friday. The company has a 50 day moving average of $655.94 and a 200-day moving average of $568.79. HubSpot has a twelve month low of $434.84 and a twelve month high of $762.47. The stock has a market capitalization of $37.12 billion, a PE ratio of -2,662.86, a price-to-earnings-growth ratio of 88.26 and a beta of 1.70.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The firm had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same period in the prior year, the business earned ($0.04) EPS. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. Equities analysts anticipate that HubSpot will post 0.4 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In related news, CFO Kathryn Bueker sold 1,136 shares of HubSpot stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $597,354.24. Following the completion of the sale, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at approximately $21,695,632.56. This trade represents a 2.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Dawson Alyssa Harvey sold 573 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $401,100.00. Following the completion of the sale, the insider now owns 7,603 shares of the company’s stock, valued at $5,322,100. This trade represents a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,890 shares of company stock worth $53,825,871 over the last ninety days. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Hedge funds and other institutional investors have recently modified their holdings of the company. GDS Wealth Management bought a new position in HubSpot during the third quarter worth about $2,149,000. Pallas Capital Advisors LLC acquired a new position in shares of HubSpot during the 3rd quarter worth approximately $624,000. Icon Wealth Advisors LLC increased its holdings in shares of HubSpot by 3,346.2% during the third quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock worth $11,212,000 after purchasing an additional 20,479 shares during the period. Headlands Technologies LLC bought a new position in shares of HubSpot during the second quarter worth approximately $3,135,000. Finally, Curi RMB Capital LLC raised its position in shares of HubSpot by 15.1% in the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock valued at $3,797,000 after buying an additional 937 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.