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

Shares of HubSpot, Inc. (NYSE:HUBS) have been given an average rating of “Moderate Buy” by the twenty-three brokerages that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and eighteen have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $689.95.

Several research analysts have recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $730.00 price objective on shares of HubSpot in a research report on Thursday, November 7th. Truist Financial reaffirmed a “buy” rating and set a $750.00 price target (up from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Piper Sandler cut shares of HubSpot from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $570.00 to $640.00 in a report on Thursday, November 7th. Canaccord Genuity Group lifted their price target on shares of HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Barclays increased their price objective on shares of HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th.

Insider Buying and Selling at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 1,804 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total transaction of $992,200.00. Following the completion of the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at $22,692,450. This represents a 4.19 % 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 1,507 shares of HubSpot stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total value of $792,440.88. Following the completion of the transaction, the chief executive officer now owns 62,668 shares in the company, valued at approximately $32,953,341.12. The trade was a 2.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,390 shares of company stock valued at $29,126,596 in the last three months. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new position in HubSpot during the 3rd quarter worth about $25,000. International Assets Investment Management LLC acquired a new position in shares of HubSpot in the second quarter worth approximately $35,000. HM Payson & Co. boosted its holdings 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. Crewe Advisors LLC increased its position in HubSpot by 525.0% during the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after purchasing an additional 63 shares during the period. Finally, True Wealth Design LLC acquired a new stake in HubSpot during the 3rd quarter valued at approximately $62,000. 90.39% of the stock is owned by institutional investors.

HubSpot Price Performance

HubSpot stock opened at $722.06 on Friday. The firm has a market capitalization of $37.27 billion, a price-to-earnings ratio of -2,674.20, a PEG ratio of 88.26 and a beta of 1.70. The company’s 50 day simple moving average is $634.05 and its 200 day simple moving average is $564.30. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $762.47.

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