HubSpot, Inc. (NYSE:HUBS) Receives $708.36 Consensus PT from Analysts

HubSpot, Inc. (NYSE:HUBS) has been given an average recommendation of “Moderate Buy” by the twenty-three analysts that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $714.05.

Several research firms recently issued reports on HUBS. Evercore ISI lifted their price objective on shares of HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. The Goldman Sachs Group increased their price target on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC restated a “buy” rating and issued a $730.00 price objective on shares of HubSpot in a research note on Thursday, November 7th. Scotiabank raised their price target on HubSpot from $700.00 to $825.00 and gave the company a “sector outperform” rating in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lifted their price target on HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th.

Insider Buying and Selling

In other HubSpot news, CFO Kathryn Bueker sold 4,381 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $3,066,700.00. Following the completion of the sale, the chief financial officer now owns 41,259 shares in the company, valued at approximately $28,881,300. This trade represents a 9.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the transaction, the chief technology officer now owns 1,272,077 shares in the company, valued at $941,197,051.53. The trade was a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,066 shares of company stock worth $54,900,427 in the last 90 days. 4.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On HubSpot

Several hedge funds and other institutional investors have recently made changes to their positions in the company. HM Payson & Co. boosted its stake in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after acquiring an additional 18 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in HubSpot by 19.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock worth $91,000 after purchasing an additional 25 shares during the period. Motley Fool Asset Management LLC increased its position in shares of HubSpot by 2.6% in the 3rd quarter. Motley Fool Asset Management LLC now owns 1,028 shares of the software maker’s stock valued at $541,000 after buying an additional 26 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in shares of HubSpot by 3.0% during the third quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock worth $494,000 after acquiring an additional 27 shares during the period. Finally, Crewe Advisors LLC boosted its stake in HubSpot by 37.3% in the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after purchasing an additional 28 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Trading Down 0.9 %

NYSE HUBS opened at $703.23 on Wednesday. HubSpot has a 1-year low of $434.84 and a 1-year high of $762.47. The firm’s fifty day simple moving average is $703.63 and its 200-day simple moving average is $581.86. The company has a market capitalization of $36.30 billion, a PE ratio of -2,604.46, a price-to-earnings-growth ratio of 87.75 and a beta of 1.70.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating the consensus estimate of $1.91 by $0.27. The business had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.04) EPS. As a group, analysts predict that HubSpot will post 0.4 EPS for the current year.

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.