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

Shares of HubSpot, Inc. (NYSE:HUBS) have been assigned an average recommendation of “Moderate Buy” from the twenty-seven brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and twenty-three have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $641.00.

A number of equities analysts have recently weighed in on the company. Piper Sandler dropped their price objective on HubSpot from $675.00 to $655.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th. Canaccord Genuity Group dropped their price target on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Citigroup decreased their target price on HubSpot from $798.00 to $767.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Scotiabank lifted their price target on shares of HubSpot from $650.00 to $700.00 and gave the company a “sector outperform” rating in a research note on Friday, April 5th. Finally, TD Cowen dropped their target price on shares of HubSpot from $700.00 to $680.00 and set a “buy” rating on the stock in a report on Thursday, May 9th.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the sale, the insider now directly owns 526,041 shares in the company, valued at $334,656,763.38. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other HubSpot news, insider Dawson Alyssa Harvey sold 469 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $620.15, for a total value of $290,850.35. Following the sale, the insider now owns 11,052 shares in the company, valued at $6,853,897.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the transaction, the insider now owns 526,041 shares in the company, valued at approximately $334,656,763.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,353 shares of company stock valued at $12,845,623. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of HubSpot by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock valued at $3,025,964,000 after acquiring an additional 39,098 shares during the period. JPMorgan Chase & Co. boosted its stake in HubSpot by 6.5% in the third quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock valued at $1,338,012,000 after acquiring an additional 166,381 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of HubSpot by 10.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock worth $1,211,535,000 after purchasing an additional 176,336 shares during the last quarter. Wellington Management Group LLP increased its position in HubSpot by 50.3% in the fourth quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock worth $1,088,119,000 after buying an additional 626,977 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in shares of HubSpot by 62.1% during the 1st quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock worth $988,406,000 after acquiring an additional 604,554 shares during the period. Institutional investors own 90.39% of the company’s stock.

HubSpot Price Performance

NYSE HUBS opened at $568.53 on Friday. The stock has a market capitalization of $28.97 billion, a price-to-earnings ratio of -214.54 and a beta of 1.57. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.07 and a quick ratio of 2.07. The business’s fifty day moving average price is $604.78 and its 200-day moving average price is $602.34. HubSpot has a 1-year low of $407.23 and a 1-year high of $693.85.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.27. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. The business had revenue of $617.41 million for the quarter, compared to analysts’ expectations of $597.12 million. On average, equities analysts predict that HubSpot will post -0.55 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.