HubSpot Inc (NYSE:HUBS) Given Average Recommendation of “Buy” by Analysts

Shares of HubSpot Inc (NYSE:HUBS) have earned an average recommendation of “Buy” from the twenty-one research firms that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $245.74.

A number of equities research analysts have weighed in on HUBS shares. Mizuho downgraded HubSpot from a “buy” rating to a “neutral” rating and reduced their target price for the company from $230.00 to $200.00 in a report on Wednesday, July 8th. Raymond James raised their target price on HubSpot from $190.00 to $265.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Canaccord Genuity raised their target price on HubSpot from $205.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Guggenheim raised their price objective on HubSpot from $195.00 to $260.00 in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. raised their price objective on HubSpot from $160.00 to $240.00 in a report on Tuesday, August 4th.

HubSpot stock traded down $0.22 during mid-day trading on Wednesday, reaching $282.31. 529 shares of the company were exchanged, compared to its average volume of 710,368. The company has a fifty day simple moving average of $270.48 and a 200-day simple moving average of $201.95. HubSpot has a 12 month low of $90.83 and a 12 month high of $320.89. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.89 and a quick ratio of 3.89. The firm has a market cap of $12.87 billion, a PE ratio of -169.18 and a beta of 1.64.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, August 5th. The software maker reported ($0.23) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.40) by $0.17. The firm had revenue of $203.61 million for the quarter, compared to analyst estimates of $195.43 million. HubSpot had a negative return on equity of 3.90% and a negative net margin of 9.50%. Sell-side analysts anticipate that HubSpot will post -1.52 earnings per share for the current year.

In other news, Director Ronald S. Gill sold 2,508 shares of HubSpot stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $222.08, for a total value of $556,976.64. Following the completion of the transaction, the director now directly owns 5,638 shares of the company’s stock, valued at approximately $1,252,087.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kathryn Bueker sold 1,070 shares of HubSpot stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $235.39, for a total value of $251,867.30. Following the completion of the transaction, the chief financial officer now directly owns 41,608 shares of the company’s stock, valued at $9,794,107.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,578 shares of company stock valued at $5,202,324. Corporate insiders own 7.40% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Capital World Investors lifted its position in shares of HubSpot by 9.7% in the 1st quarter. Capital World Investors now owns 1,286,943 shares of the software maker’s stock worth $171,408,000 after purchasing an additional 113,805 shares during the period. First Trust Advisors LP grew its holdings in HubSpot by 0.3% during the second quarter. First Trust Advisors LP now owns 1,258,432 shares of the software maker’s stock worth $282,329,000 after acquiring an additional 3,482 shares during the period. Wellington Management Group LLP grew its holdings in HubSpot by 38.7% during the first quarter. Wellington Management Group LLP now owns 1,231,332 shares of the software maker’s stock worth $164,001,000 after acquiring an additional 343,577 shares during the period. Wasatch Advisors Inc. grew its holdings in HubSpot by 61.3% during the second quarter. Wasatch Advisors Inc. now owns 1,131,088 shares of the software maker’s stock worth $253,760,000 after acquiring an additional 429,921 shares during the period. Finally, Lone Pine Capital LLC grew its holdings in HubSpot by 244.1% during the first quarter. Lone Pine Capital LLC now owns 776,490 shares of the software maker’s stock worth $103,421,000 after acquiring an additional 550,843 shares during the period. 92.05% of the stock is owned by hedge funds and other institutional investors.

HubSpot Company Profile

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company's software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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Analyst Recommendations for HubSpot (NYSE:HUBS)

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