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

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

A number of research analysts have issued reports on the stock. Canaccord Genuity Group reduced their price target on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. BMO Capital Markets reiterated an “outperform” rating and set a $570.00 target price on shares of HubSpot in a research report on Thursday, September 19th. Truist Financial restated a “buy” rating and issued a $600.00 price target (down previously from $700.00) on shares of HubSpot in a research report on Thursday, August 8th. Barclays decreased their price objective on shares of HubSpot from $575.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Finally, UBS Group lowered their price objective on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 2,877 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $1,705,485.60. Following the completion of the sale, the chief executive officer now owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction on Monday, July 8th. The shares were sold at an average price of $586.85, for a total value of $14,671,250.00. Following the completion of the transaction, the chief technology officer now owns 1,348,929 shares of the company’s stock, valued at $791,618,983.65. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 2,877 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the sale, the chief executive officer now owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,012 shares of company stock valued at $21,300,253. 4.50% of the stock is currently owned by corporate insiders.

Institutional Trading of HubSpot

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in HubSpot by 14.3% in the 1st quarter. GAMMA Investing LLC now owns 120 shares of the software maker’s stock valued at $75,000 after purchasing an additional 15 shares during the last quarter. First Affirmative Financial Network boosted its position in shares of HubSpot by 3.8% during the first quarter. First Affirmative Financial Network now owns 493 shares of the software maker’s stock worth $309,000 after buying an additional 18 shares during the period. Eagle Wealth Strategies LLC increased its position in HubSpot by 5.8% in the 1st quarter. Eagle Wealth Strategies LLC now owns 386 shares of the software maker’s stock valued at $246,000 after acquiring an additional 21 shares during the period. Hazlett Burt & Watson Inc. raised its stake in HubSpot by 19.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock valued at $91,000 after acquiring an additional 25 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC boosted its position in HubSpot by 54.0% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 77 shares of the software maker’s stock worth $48,000 after acquiring an additional 27 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Performance

Shares of NYSE:HUBS opened at $536.00 on Monday. HubSpot has a one year low of $407.23 and a one year high of $693.85. The company has a 50-day simple moving average of $494.98 and a 200-day simple moving average of $562.96. The stock has a market capitalization of $27.32 billion, a price-to-earnings ratio of -202.26, a PEG ratio of 7,010.23 and a beta of 1.63.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The company had revenue of $637.20 million for the quarter, compared to analysts’ expectations of $619.28 million. During the same period in the previous year, the company posted ($1.17) EPS. HubSpot’s revenue was up 20.4% compared to the same quarter last year.

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.