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

Shares of HubSpot, Inc. (NYSE:HUBS) have been assigned an average rating of “Moderate Buy” from the twenty-five analysts that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, twenty have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $863.96.

HUBS has been the subject of a number of recent analyst reports. Stifel Nicolaus increased their target price on shares of HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. upped their price objective on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Royal Bank of Canada upped their price objective on shares of HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Morgan Stanley upped their price objective on shares of HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Finally, KeyCorp raised shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price objective on the stock in a research note on Thursday, February 13th.

HubSpot Trading Down 2.4 %

HUBS opened at $706.84 on Thursday. The stock has a market cap of $36.86 billion, a PE ratio of 7,854.65, a P/E/G ratio of 41.44 and a beta of 1.72. HubSpot has a 1 year low of $434.84 and a 1 year high of $881.13. The stock’s 50 day simple moving average is $739.53 and its 200-day simple moving average is $644.10.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Equities analysts forecast that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In related news, CFO Kathryn Bueker sold 1,796 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $1,260,055.64. Following the transaction, the chief financial officer now directly owns 38,560 shares in the company, valued at $27,053,310.40. This represents a 4.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the completion of the transaction, the chief executive officer now owns 54,079 shares in the company, valued at $37,941,285.61. This represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,997 shares of company stock worth $35,796,526 over the last ninety days. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Hedge funds have recently bought and sold shares of the company. GDS Wealth Management acquired a new stake in HubSpot in the third quarter worth $2,149,000. Pallas Capital Advisors LLC acquired a new stake in HubSpot in the third quarter worth $624,000. Icon Wealth Advisors LLC raised its holdings in HubSpot by 3,346.2% in the third quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock worth $11,212,000 after purchasing an additional 20,479 shares during the period. Curi RMB Capital LLC raised its holdings in HubSpot by 15.1% in the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock worth $3,797,000 after purchasing an additional 937 shares during the period. Finally, Advantage Alpha Capital Partners LP raised its holdings in HubSpot by 113.4% in the third quarter. Advantage Alpha Capital Partners LP now owns 18,666 shares of the software maker’s stock worth $9,923,000 after purchasing an additional 9,919 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.