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

HubSpot, Inc. (NYSE:HUBS) has earned an average rating of “Moderate Buy” from the twenty-three brokerages that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, eighteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $708.36.

Several brokerages recently weighed in on HUBS. Truist Financial restated a “buy” rating and set a $750.00 target price (up from $600.00) on shares of HubSpot in a research note on Friday, November 8th. The Goldman Sachs Group increased their price target on shares of HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Piper Sandler cut shares of HubSpot from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $570.00 to $640.00 in a research note on Thursday, November 7th. BMO Capital Markets increased their price objective on shares of HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Barclays increased their price target on HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th.

HubSpot Stock Down 1.1 %

Shares of HUBS opened at $700.07 on Wednesday. HubSpot has a 52-week low of $434.84 and a 52-week high of $762.47. The company has a market cap of $36.14 billion, a PE ratio of -2,592.76, a P/E/G ratio of 87.75 and a beta of 1.70. The business has a fifty day moving average of $694.84 and a 200 day moving average of $579.08.

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

Insider Buying and Selling

In related news, CFO Kathryn Bueker sold 1,796 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the transaction, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at $27,053,310.40. This represents a 4.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Yamini Rangan sold 1,374 shares of HubSpot stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $755,700.00. Following the completion of the sale, the chief executive officer now directly owns 61,294 shares in the company, valued at $33,711,700. This represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,244 shares of company stock worth $56,648,327. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

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 shares of HubSpot during the 3rd quarter worth approximately $25,000. HM Payson & Co. increased its position in HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after buying an additional 18 shares in the last quarter. Crewe Advisors LLC raised its holdings in shares of HubSpot by 37.3% in the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after acquiring an additional 28 shares during the last quarter. True Wealth Design LLC purchased a new stake in shares of HubSpot in the third quarter valued at $62,000. Finally, Asset Dedication LLC acquired a new stake in shares of HubSpot during the second quarter valued at $70,000. Institutional investors and hedge funds 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.