HubSpot, Inc. (NYSE:HUBS) Receives $853.32 Consensus Price Target from Analysts

Shares of HubSpot, Inc. (NYSE:HUBS) have received a consensus rating of “Moderate Buy” from the twenty-eight ratings firms that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, twenty-two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $848.58.

A number of research analysts have weighed in on the stock. Canaccord Genuity Group boosted their price objective on shares of HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Redburn Atlantic assumed coverage on shares of HubSpot in a report on Wednesday, February 19th. They set a “buy” rating on the stock. The Goldman Sachs Group raised their price objective on shares of HubSpot from $783.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Citigroup upped their target price on HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, TD Cowen lowered HubSpot from a “buy” rating to a “hold” rating and raised their price target for the stock from $680.00 to $725.00 in a research note on Friday, January 17th.

HubSpot Trading Down 2.9 %

Shares of NYSE HUBS opened at $609.02 on Monday. HubSpot has a 12-month low of $434.84 and a 12-month high of $881.13. The firm’s 50-day moving average price is $710.31 and its 200-day moving average price is $657.69. The stock has a market capitalization of $31.76 billion, a price-to-earnings ratio of 6,767.62, a P/E/G ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. On average, equities analysts predict that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 3,057 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the sale, the chief executive officer now directly owns 54,079 shares of the company’s stock, valued at $37,941,285.61. This represents a 5.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kathryn Bueker sold 1,796 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the transaction, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. This trade represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,425 shares of company stock worth $15,866,151. 4.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HubSpot

Several institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in HubSpot by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker’s stock worth $1,029,262,000 after buying an additional 74,990 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of HubSpot by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker’s stock worth $577,572,000 after acquiring an additional 9,922 shares in the last quarter. Groupama Asset Managment grew its position in shares of HubSpot by 3.8% during the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker’s stock valued at $506,412,000 after acquiring an additional 26,799 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of HubSpot by 18.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker’s stock valued at $471,068,000 after purchasing an additional 104,800 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in HubSpot by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock worth $469,987,000 after purchasing an additional 24,799 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

About HubSpot

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.