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

Shares of HubSpot, Inc. (NYSE:HUBS) have been given a consensus rating of “Moderate Buy” by the twenty-three research firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $672.68.

HUBS has been the topic of several recent research reports. Evercore ISI increased their price objective on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Stifel Nicolaus increased their target price on HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. increased their target price on HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Truist Financial restated a “buy” rating and set a $750.00 target price (up from $600.00) on shares of HubSpot in a report on Friday, November 8th. Finally, Royal Bank of Canada increased their target price on HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, November 7th.

HubSpot Stock Performance

NYSE:HUBS opened at $668.28 on Tuesday. HubSpot has a 52-week low of $434.84 and a 52-week high of $724.61. The firm has a market cap of $34.50 billion, a price-to-earnings ratio of -2,475.11, a PEG ratio of 82.30 and a beta of 1.63. The business’s fifty day moving average is $558.24 and its 200 day moving average is $548.30.

HubSpot (NYSE:HUBS) last announced 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. The business had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) EPS. Equities analysts predict that HubSpot will post 0.4 EPS for the current fiscal year.

Insider Activity at HubSpot

In related news, CFO Kathryn Bueker sold 1,136 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $597,354.24. Following the completion of the transaction, the chief financial officer now owns 41,259 shares of the company’s stock, valued at $21,695,632.56. This trade represents a 2.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dawson Alyssa Harvey sold 573 shares of HubSpot stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the completion of the sale, the insider now directly owns 7,603 shares of the company’s stock, valued at approximately $5,322,100. The trade was a 7.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,891 shares of company stock valued at $6,662,473 in the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

A number of institutional investors and hedge funds have recently modified their holdings of HUBS. Wellington Management Group LLP increased its holdings in shares of HubSpot by 52.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after purchasing an additional 480,796 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of HubSpot by 10.0% in 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 buying an additional 176,336 shares during the last quarter. Fred Alger Management LLC boosted its stake in shares of HubSpot by 516.2% in the 2nd quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker’s stock worth $96,307,000 after buying an additional 136,793 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of HubSpot by 214,342.4% in the 3rd quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock worth $672,590,000 after buying an additional 126,462 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of HubSpot by 88.7% in the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock worth $142,468,000 after buying an additional 113,555 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

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.