HubSpot, Inc. (NYSE:HUBS) Receives $672.68 Consensus PT from Analysts

HubSpot, Inc. (NYSE:HUBS) has been assigned an average recommendation of “Moderate Buy” from the twenty-three ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and eighteen have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $672.68.

Several analysts have recently commented on HUBS shares. Stifel Nicolaus raised their target price on shares of HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. BMO Capital Markets raised their price objective on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Bank of America lowered their price objective on HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Piper Sandler downgraded HubSpot from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $570.00 to $640.00 in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. lifted their price target on HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th.

HubSpot Stock Up 3.4 %

HUBS opened at $718.24 on Tuesday. HubSpot has a 52 week low of $434.84 and a 52 week high of $728.90. The business has a 50 day moving average price of $570.51 and a two-hundred day moving average price of $551.07. The company has a market cap of $37.08 billion, a PE ratio of -2,660.15, a P/E/G ratio of 82.97 and a beta of 1.63.

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

Insider Activity

In related news, CFO Kathryn Bueker sold 1,136 shares of HubSpot stock in a transaction dated 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 owns 41,259 shares in the company, 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 can be accessed 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 completion of the transaction, the chief executive officer now owns 67,203 shares in the company, valued at approximately $33,009,441.57. This trade represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,391 shares of company stock worth $29,101,488 over the last ninety days. 4.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HubSpot

Several institutional investors and hedge funds have recently modified their holdings of the company. Blair William & Co. IL increased its stake in HubSpot by 11.8% in the first quarter. Blair William & Co. IL now owns 1,427 shares of the software maker’s stock valued at $894,000 after purchasing an additional 151 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of HubSpot by 25.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,170 shares of the software maker’s stock valued at $733,000 after purchasing an additional 234 shares during the last quarter. UniSuper Management Pty Ltd grew its stake in shares of HubSpot by 75.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 700 shares of the software maker’s stock valued at $439,000 after buying an additional 300 shares during the period. Delap Wealth Advisory LLC acquired a new stake in shares of HubSpot during the 1st quarter worth $253,000. Finally, Carlson Capital L P acquired a new stake in shares of HubSpot during the 1st quarter worth $9,961,000. Hedge funds and other institutional investors 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.