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

HubSpot, Inc. (NYSE:HUBS) has earned an average recommendation of “Moderate Buy” from the thirty-one brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, twenty-seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $723.1071.

Several equities research analysts recently weighed in on HUBS shares. Citigroup reduced their price target on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Wall Street Zen downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Truist Financial dropped their target price on shares of HubSpot from $720.00 to $675.00 and set a “buy” rating on the stock in a report on Thursday, August 7th. Cantor Fitzgerald restated an “overweight” rating and issued a $775.00 target price on shares of HubSpot in a report on Friday, October 3rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of HubSpot from $775.00 to $675.00 and set an “overweight” rating on the stock in a report on Thursday, August 7th.

HubSpot Stock Performance

Shares of NYSE HUBS opened at $433.37 on Friday. HubSpot has a fifty-two week low of $418.34 and a fifty-two week high of $881.13. The company has a 50 day simple moving average of $472.04 and a two-hundred day simple moving average of $535.70. The company has a market capitalization of $22.83 billion, a price-to-earnings ratio of -1,884.22, a P/E/G ratio of 15.36 and a beta of 1.58.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.07. The company had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.94 earnings per share. On average, analysts forecast that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In related news, CFO Kathryn Bueker sold 615 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $500.00, for a total value of $307,500.00. Following the sale, the chief financial officer owned 38,794 shares in the company, valued at approximately $19,397,000. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 2,387 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $500.00, for a total transaction of $1,193,500.00. Following the completion of the sale, the chief executive officer owned 56,277 shares in the company, valued at $28,138,500. This represents a 4.07% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,598 shares of company stock worth $20,947,042. Company insiders own 4.00% of the company’s stock.

Institutional Trading of HubSpot

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goodman Advisory Group LLC bought a new stake in HubSpot in the 2nd quarter valued at $27,000. Whittier Trust Co. increased its holdings in HubSpot by 136.4% in the 2nd quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock valued at $29,000 after acquiring an additional 30 shares during the last quarter. Rakuten Securities Inc. increased its holdings in HubSpot by 783.3% in the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after acquiring an additional 47 shares during the last quarter. Hilltop National Bank bought a new stake in HubSpot in the 2nd quarter valued at $32,000. Finally, Cullen Frost Bankers Inc. increased its holdings in HubSpot by 130.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker’s stock valued at $34,000 after acquiring an additional 34 shares during the last quarter. 90.39% of the stock is currently owned by 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.