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

Shares of HubSpot, Inc. (NYSE:HUBS) have received an average recommendation of “Moderate Buy” from the thirty-one research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $452.70.

HUBS has been the topic of a number of recent analyst reports. Canaccord Genuity Group set a $485.00 price target on shares of HubSpot in a research report on Thursday. UBS Group reiterated an “overweight” rating on shares of HubSpot in a report on Thursday. Truist Financial lowered their price target on HubSpot from $650.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Piper Sandler cut their price objective on HubSpot from $400.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Finally, BTIG Research decreased their target price on HubSpot from $500.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, February 12th.

HubSpot Trading Up 6.3%

HUBS stock opened at $243.31 on Thursday. The firm has a market cap of $12.83 billion, a PE ratio of 279.67, a PEG ratio of 3.46 and a beta of 1.45. HubSpot has a 1 year low of $207.20 and a 1 year high of $820.00. The company has a fifty day simple moving average of $335.00 and a 200 day simple moving average of $408.69.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.10. The company had revenue of $846.75 million for the quarter, compared to analyst estimates of $830.65 million. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The business’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company earned $2.32 earnings per share. As a group, analysts forecast that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total value of $2,578,730.00. Following the completion of the sale, the director directly owned 487,344 shares of the company’s stock, valued at $147,850,422.72. This represents a 1.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Erika Ashley Fisher sold 841 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the sale, the insider owned 10,119 shares in the company, valued at $2,408,423.19. This represents a 7.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 18,430 shares of company stock worth $6,046,669. 4.00% of the stock is currently owned by corporate insiders.

Institutional Trading of HubSpot

Several institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans increased its position in shares of HubSpot by 23.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 23,789 shares of the software maker’s stock valued at $11,128,000 after buying an additional 4,559 shares in the last quarter. Rakuten Investment Management Inc. bought a new stake in shares of HubSpot in the third quarter worth about $48,548,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of HubSpot by 19.2% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,533 shares of the software maker’s stock worth $5,306,000 after purchasing an additional 1,533 shares during the period. Nordea Investment Management AB lifted its holdings in shares of HubSpot by 34.9% during the 3rd quarter. Nordea Investment Management AB now owns 21,638 shares of the software maker’s stock valued at $10,148,000 after purchasing an additional 5,595 shares in the last quarter. Finally, Triasima Portfolio Management inc. acquired a new position in shares of HubSpot in the 3rd quarter valued at approximately $2,079,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.