HubSpot, Inc. (NYSE:HUBS) Receives $723.11 Consensus PT from Analysts

Shares of HubSpot, Inc. (NYSE:HUBS) have received an average recommendation of “Moderate Buy” from the thirty-one brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $723.1071.

A number of research firms have recently weighed in on HUBS. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of HubSpot in a research note on Saturday, September 27th. Piper Sandler began coverage on HubSpot in a research note on Thursday, September 4th. They set an “overweight” rating and a $675.00 price target for the company. Wall Street Zen downgraded HubSpot from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Barclays cut their price target on HubSpot from $745.00 to $675.00 and set an “overweight” rating for the company in a research note on Monday, July 21st. Finally, Canaccord Genuity Group cut their price target on HubSpot from $765.00 to $700.00 and set a “buy” rating for the company in a research note on Thursday, August 7th.

HubSpot Trading Down 3.1%

Shares of HubSpot stock opened at $438.97 on Friday. The stock has a 50-day moving average price of $475.29 and a 200 day moving average price of $538.76. The company has a market cap of $23.13 billion, a P/E ratio of -1,908.57, a P/E/G ratio of 15.16 and a beta of 1.58. HubSpot has a 1 year low of $418.34 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.07. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The company had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. During the same period last year, the business earned $1.94 EPS. The business’s quarterly revenue was up 19.4% on a year-over-year basis. On average, equities analysts forecast that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 2,387 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $500.00, for a total transaction of $1,193,500.00. Following the transaction, the chief executive officer owned 56,277 shares of the company’s stock, valued at approximately $28,138,500. This represents a 4.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $449.84, for a total value of $3,823,640.00. Following the transaction, the director directly owned 522,435 shares in the company, valued at approximately $235,012,160.40. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,098 shares of company stock worth $25,563,137. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HUBS. Price T Rowe Associates Inc. MD grew its holdings in HubSpot by 17.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker’s stock valued at $2,805,070,000 after buying an additional 714,980 shares during the last quarter. Jennison Associates LLC grew its holdings in HubSpot by 548.6% in the 2nd quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock valued at $442,341,000 after buying an additional 672,158 shares during the last quarter. Norges Bank acquired a new stake in HubSpot in the 2nd quarter valued at approximately $269,941,000. Massachusetts Financial Services Co. MA grew its holdings in HubSpot by 37.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock valued at $530,115,000 after buying an additional 251,853 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in HubSpot by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker’s stock valued at $2,997,407,000 after buying an additional 201,994 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

About HubSpot

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.