HubSpot, Inc. (NYSE:HUBS) Receives $641.00 Consensus Price Target from Analysts

HubSpot, Inc. (NYSE:HUBS) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-seven research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $641.00.

A number of brokerages recently commented on HUBS. Canaccord Genuity Group dropped their price target on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Piper Sandler dropped their price target on shares of HubSpot from $675.00 to $655.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9th. Stifel Nicolaus lowered their target price on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Barclays lowered their target price on shares of HubSpot from $600.00 to $575.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 9th. Finally, TD Cowen lowered their target price on shares of HubSpot from $700.00 to $680.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th.

HubSpot Stock Up 0.8 %

HubSpot stock opened at $590.52 on Friday. HubSpot has a twelve month low of $407.23 and a twelve month high of $693.85. The firm has a 50 day moving average price of $601.38 and a 200-day moving average price of $602.61. The company has a market capitalization of $30.09 billion, a P/E ratio of -222.84 and a beta of 1.57. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.32.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.27. The company had revenue of $617.41 million for the quarter, compared to analysts’ expectations of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. As a group, equities analysts predict that HubSpot will post -0.55 EPS for the current year.

Insider Buying and Selling

In related news, CFO Kathryn Bueker sold 3,937 shares of HubSpot stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $616.51, for a total value of $2,427,199.87. Following the transaction, the chief financial officer now owns 45,737 shares in the company, valued at approximately $28,197,317.87. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other HubSpot news, insider Dawson Alyssa Harvey sold 192 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $650.00, for a total value of $124,800.00. Following the transaction, the insider now owns 10,860 shares in the company, valued at $7,059,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 3,937 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $616.51, for a total transaction of $2,427,199.87. Following the completion of the transaction, the chief financial officer now owns 45,737 shares in the company, valued at approximately $28,197,317.87. The disclosure for this sale can be found here. Insiders have sold a total of 20,353 shares of company stock worth $12,845,623 in the last 90 days. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On HubSpot

A number of hedge funds have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. bought a new stake in shares of HubSpot during the 3rd quarter valued at about $592,000. Envestnet Asset Management Inc. boosted its stake in shares of HubSpot by 44.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 70,900 shares of the software maker’s stock valued at $34,918,000 after purchasing an additional 21,682 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of HubSpot by 8.7% during the 3rd quarter. V Square Quantitative Management LLC now owns 414 shares of the software maker’s stock valued at $204,000 after purchasing an additional 33 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of HubSpot by 15.0% during the 3rd quarter. Hsbc Holdings PLC now owns 20,345 shares of the software maker’s stock valued at $10,032,000 after purchasing an additional 2,656 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in shares of HubSpot during the 3rd quarter valued at about $696,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Company Profile

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.