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

HubSpot, Inc. (NYSE:HUBS) has received an average rating of “Moderate Buy” from the twenty-eight ratings firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, twenty-two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $848.58.

A number of analysts have recently weighed in on HUBS shares. Stifel Nicolaus boosted their target price on shares of HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Barclays upgraded HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 price objective on the stock in a research report on Wednesday, March 12th. Needham & Company LLC lifted their target price on HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Macquarie started coverage on HubSpot in a report on Monday, March 24th. They set an “outperform” rating and a $730.00 price target on the stock. Finally, Oppenheimer lifted their price objective on shares of HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th.

HubSpot Price Performance

NYSE HUBS opened at $581.45 on Monday. HubSpot has a 1-year low of $434.84 and a 1-year high of $881.13. The business has a 50 day simple moving average of $705.35 and a two-hundred day simple moving average of $657.85. The stock has a market capitalization of $30.32 billion, a PE ratio of 6,461.31, a P/E/G ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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, analysts anticipate that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Activity

In other HubSpot news, CFO Kathryn Bueker sold 1,796 shares of HubSpot stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $1,260,055.64. Following the transaction, the chief financial officer now owns 38,560 shares in the company, valued at $27,053,310.40. The trade was a 4.45 % decrease in their ownership of the stock. 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 3,057 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction 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 approximately $37,941,285.61. The trade was a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,853 shares of company stock worth $15,453,396. 4.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HUBS. Elequin Capital LP acquired a new stake in HubSpot in the fourth quarter valued at approximately $27,000. Larson Financial Group LLC boosted its position in shares of HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after purchasing an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after buying an additional 19 shares in the last quarter. Coppell Advisory Solutions LLC raised its stake in HubSpot by 91.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock valued at $32,000 after buying an additional 22 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in HubSpot in the third quarter valued at about $25,000. Hedge funds and other 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.