HubSpot, Inc. (NYSE:HUBS) Given Consensus Recommendation of “Moderate Buy” by Analysts

HubSpot, Inc. (NYSE:HUBS) has earned an average recommendation of “Moderate Buy” from the twenty-five brokerages that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $610.79.

Several equities analysts recently weighed in on the stock. UBS Group reduced their target price on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Bank of America reduced their target price on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. BMO Capital Markets reduced their target price on shares of HubSpot from $635.00 to $570.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Piper Sandler restated an “overweight” rating and set a $570.00 target price on shares of HubSpot in a report on Thursday, August 8th. Finally, Citigroup reduced their target price on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a report on Friday, August 9th.

HubSpot Stock Down 0.3 %

Shares of HUBS opened at $494.94 on Thursday. The firm has a market cap of $25.42 billion, a PE ratio of -186.77, a price-to-earnings-growth ratio of 3,132.37 and a beta of 1.63. The company’s fifty day moving average is $498.55 and its two-hundred day moving average is $573.05. HubSpot has a fifty-two week low of $407.23 and a fifty-two week high of $693.85.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. The company had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. HubSpot’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the business earned ($1.17) EPS. As a group, equities research analysts anticipate that HubSpot will post 0.01 earnings per share for the current year.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $586.85, for a total transaction of $14,671,250.00. Following the completion of the transaction, the chief technology officer now directly owns 1,348,929 shares of the company’s stock, valued at approximately $791,618,983.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the transaction, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. The disclosure for this sale can be found here. Insiders sold a total of 38,012 shares of company stock valued at $21,300,253 in the last quarter. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HUBS. Wellington Management Group LLP lifted its stake in shares of HubSpot by 50.3% in the 4th quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock worth $1,088,119,000 after acquiring an additional 626,977 shares during the period. Jennison Associates LLC lifted its stake in shares of HubSpot by 62.1% in 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. Norges Bank acquired a new stake in shares of HubSpot in the 4th quarter worth approximately $311,236,000. Twin Focus Capital Partners LLC lifted its stake in shares of HubSpot by 92,828.2% in the 4th quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock worth $283,230,000 after acquiring an additional 487,348 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of HubSpot by 87.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 451,341 shares of the software maker’s stock worth $262,022,000 after acquiring an additional 210,138 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

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.