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

Shares of HubSpot, Inc. (NYSE:HUBS) have been assigned an average recommendation of “Moderate Buy” from the twenty-four brokerages that are covering the stock, Marketbeat reports. Six equities 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 brokers that have updated their coverage on the stock in the last year is $724.52.

A number of equities research analysts recently commented on the stock. Evercore ISI increased their target price on shares of HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Canaccord Genuity Group raised their price objective on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Morgan Stanley raised their price target on HubSpot from $747.00 to $835.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. The Goldman Sachs Group upped their price objective on shares of HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company increased their price objective on shares of HubSpot from $750.00 to $810.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th.

Insider Buying and Selling

In other news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the completion of the transaction, the insider now directly owns 513,698 shares of the company’s stock, valued at $339,857,459.82. This represents a 1.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kathryn Bueker sold 1,796 shares of HubSpot stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the sale, the chief financial officer now directly owns 38,560 shares in the company, valued at $27,053,310.40. This represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,066 shares of company stock valued at $54,900,427. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC raised its stake in HubSpot by 29.8% in the 4th quarter. Global Retirement Partners LLC now owns 157 shares of the software maker’s stock valued at $109,000 after purchasing an additional 36 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of HubSpot in the fourth quarter valued at about $35,000. Kornitzer Capital Management Inc. KS lifted its stake in shares of HubSpot by 1.5% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 15,400 shares of the software maker’s stock worth $10,730,000 after buying an additional 225 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of HubSpot by 13,454.5% in the fourth quarter. Venturi Wealth Management LLC now owns 1,491 shares of the software maker’s stock worth $1,039,000 after buying an additional 1,480 shares in the last quarter. Finally, Fortis Group Advisors LLC boosted its position in HubSpot by 13.0% during the fourth quarter. Fortis Group Advisors LLC now owns 1,359 shares of the software maker’s stock worth $947,000 after acquiring an additional 156 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Up 1.0 %

HubSpot stock opened at $779.52 on Friday. HubSpot has a twelve month low of $434.84 and a twelve month high of $811.79. The business has a fifty day moving average of $724.40 and a two-hundred day moving average of $600.46. The firm has a market cap of $40.24 billion, a P/E ratio of -2,887.02, a P/E/G ratio of 43.22 and a beta of 1.70.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The company had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.04) earnings per share. Equities analysts expect that HubSpot will post 0.42 earnings per share for the current year.

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.