HubSpot, Inc. (NYSE:HUBS) Given Consensus Rating of “Moderate Buy” by Analysts

HubSpot, Inc. (NYSE:HUBS) has been assigned a consensus rating of “Moderate Buy” from the twenty-three research firms that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, eighteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $708.36.

Several research firms have recently issued reports on HUBS. Bank of America increased their price objective on shares of HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Royal Bank of Canada upped their price target on HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Canaccord Genuity Group boosted their target price on shares of HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. BMO Capital Markets boosted their price target on HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company raised their price objective on HubSpot from $750.00 to $810.00 and gave the company an “overweight” rating in a research note on Tuesday.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 1,374 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $550.00, for a total transaction of $755,700.00. Following the completion of the transaction, the chief executive officer now owns 61,294 shares in the company, valued at approximately $33,711,700. This trade represents a 2.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the sale, the chief technology officer now directly owns 1,323,145 shares of the company’s stock, valued at approximately $889,973,789.90. This represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 81,244 shares of company stock valued at $56,648,327 over the last 90 days. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Diversified Trust Co raised its stake in HubSpot by 103.8% during the 4th quarter. Diversified Trust Co now owns 1,300 shares of the software maker’s stock valued at $906,000 after purchasing an additional 662 shares during the period. Nordea Investment Management AB raised its position in HubSpot by 7.7% during the fourth quarter. Nordea Investment Management AB now owns 4,268 shares of the software maker’s stock valued at $2,987,000 after acquiring an additional 306 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in HubSpot in the fourth quarter valued at approximately $1,010,000. GAMMA Investing LLC grew its position in HubSpot by 16.9% in the fourth quarter. GAMMA Investing LLC now owns 221 shares of the software maker’s stock worth $154,000 after acquiring an additional 32 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in HubSpot during the third quarter worth $740,000. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

HUBS stock opened at $700.07 on Wednesday. The company has a 50 day moving average price of $694.84 and a two-hundred day moving average price of $579.08. The stock has a market capitalization of $36.14 billion, a P/E ratio of -2,592.76, a PEG ratio of 87.75 and a beta of 1.70. HubSpot has a one year low of $434.84 and a one year high of $762.47.

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