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

HubSpot, Inc. (NYSE:HUBS) has been assigned a consensus rating of “Moderate Buy” from the twenty-five brokerages that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and twenty-one have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $614.33.

Several research firms recently commented on HUBS. Royal Bank of Canada reissued an “outperform” rating and set a $700.00 price target on shares of HubSpot in a research report on Thursday, September 19th. Evercore ISI boosted their target price on shares of HubSpot from $550.00 to $610.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $730.00 price target on shares of HubSpot in a report on Monday, October 14th. UBS Group cut their price objective on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Finally, BMO Capital Markets restated an “outperform” rating and set a $570.00 target price on shares of HubSpot in a research note on Thursday, September 19th.

HubSpot Stock Up 1.0 %

HUBS opened at $563.58 on Friday. HubSpot has a 52-week low of $408.62 and a 52-week high of $693.85. The company has a 50 day moving average of $520.74 and a two-hundred day moving average of $548.17. The company has a market cap of $28.72 billion, a P/E ratio of -212.67, a P/E/G ratio of 7,068.33 and a beta of 1.64.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The firm had revenue of $637.20 million during the quarter, compared to analysts’ expectations of $619.28 million. During the same period in the prior year, the company earned ($1.17) EPS. The firm’s revenue was up 20.4% on a year-over-year basis.

Insiders Place Their Bets

In other news, insider Dawson Alyssa Harvey sold 384 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the completion of the transaction, the insider now owns 9,735 shares of the company’s stock, valued at approximately $4,548,484.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the sale, the chief executive officer now directly owns 67,203 shares in the company, valued at $33,009,441.57. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dawson Alyssa Harvey sold 384 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total value of $179,416.32. Following the transaction, the insider now owns 9,735 shares of the company’s stock, valued at $4,548,484.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,321 shares of company stock valued at $3,374,089 over the last three months. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. lifted its position in HubSpot by 1,125.0% in the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after purchasing an additional 45 shares during the period. International Assets Investment Management LLC bought a new stake in shares of HubSpot in the 2nd quarter worth $35,000. HM Payson & Co. lifted its holdings in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after buying an additional 18 shares during the period. Crewe Advisors LLC boosted its stake in HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after buying an additional 63 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new position in HubSpot during the first quarter valued at about $50,000. 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.