Brokerages Set HubSpot, Inc. (NYSE:HUBS) PT at $708.36

Shares of HubSpot, Inc. (NYSE:HUBS) have received an average rating of “Moderate Buy” from the twenty-three research firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, eighteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $714.05.

A number of equities analysts have commented on the stock. BMO Capital Markets boosted their target price on shares of HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Canaccord Genuity Group increased their target price on shares of HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Piper Sandler downgraded shares of HubSpot from an “overweight” rating to a “neutral” rating and raised their target price for the company from $570.00 to $640.00 in a research note on Thursday, November 7th. Mizuho upped their price target on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $730.00 price objective on shares of HubSpot in a research report on Thursday, November 7th.

HubSpot Stock Performance

NYSE HUBS opened at $703.23 on Wednesday. The company’s 50-day simple moving average is $703.63 and its two-hundred day simple moving average is $581.79. HubSpot has a one year low of $434.84 and a one year high of $762.47. The company has a market capitalization of $36.30 billion, a price-to-earnings ratio of -2,604.46, a price-to-earnings-growth ratio of 87.75 and a beta of 1.70.

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

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the sale, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the sale, the insider now owns 513,698 shares of the company’s stock, valued at $339,857,459.82. This trade represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,066 shares of company stock valued at $54,900,427. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

A number of institutional investors have recently added to or reduced their stakes in HUBS. National Bank of Canada FI lifted its holdings in HubSpot by 23.2% during the second quarter. National Bank of Canada FI now owns 239 shares of the software maker’s stock valued at $142,000 after purchasing an additional 45 shares in the last quarter. Private Advisor Group LLC lifted its stake in HubSpot by 4.3% in the 2nd quarter. Private Advisor Group LLC now owns 1,352 shares of the software maker’s stock valued at $797,000 after buying an additional 56 shares in the last quarter. Candriam S.C.A. boosted its holdings in HubSpot by 4.4% in the 2nd quarter. Candriam S.C.A. now owns 3,183 shares of the software maker’s stock worth $1,877,000 after buying an additional 133 shares during the last quarter. Asset Dedication LLC purchased a new stake in HubSpot during the 2nd quarter worth approximately $70,000. Finally, Acadian Asset Management LLC raised its holdings in shares of HubSpot by 138.2% during the second quarter. Acadian Asset Management LLC now owns 2,091 shares of the software maker’s stock valued at $1,232,000 after acquiring an additional 1,213 shares during the last quarter. 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.