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

HubSpot, Inc. (NYSE:HUBS) has been assigned an average rating of “Moderate Buy” from the twenty-eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, twenty-two have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $848.58.

Several equities research analysts have weighed in on HUBS shares. Macquarie began coverage on HubSpot in a report on Monday, March 24th. They issued an “outperform” rating and a $730.00 price target for the company. Royal Bank of Canada boosted their target price on shares of HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Truist Financial reaffirmed a “buy” rating and issued a $900.00 price target (up previously from $750.00) on shares of HubSpot in a report on Thursday, February 13th. Scotiabank boosted their price objective on shares of HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a report on Thursday, February 13th. Finally, Morgan Stanley raised their target price on HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th.

Insider Activity

In other news, CEO Yamini Rangan sold 3,057 shares of HubSpot stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the sale, the chief executive officer now owns 54,079 shares in the company, valued at $37,941,285.61. This trade represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the transaction, the insider now owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,853 shares of company stock worth $15,453,396 over the last three months. 4.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HubSpot

Several large investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of HubSpot by 45.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the software maker’s stock worth $3,238,000 after purchasing an additional 1,450 shares in the last quarter. Siemens Fonds Invest GmbH grew its holdings in shares of HubSpot by 514.8% during the fourth quarter. Siemens Fonds Invest GmbH now owns 3,148 shares of the software maker’s stock worth $2,193,000 after buying an additional 2,636 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in shares of HubSpot in the fourth quarter valued at about $219,000. Menard Financial Group LLC purchased a new position in shares of HubSpot in the fourth quarter worth about $404,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in HubSpot during the fourth quarter worth about $32,682,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Stock Down 2.0 %

Shares of HubSpot stock opened at $581.45 on Monday. HubSpot has a 52-week low of $434.84 and a 52-week high of $881.13. The firm’s 50 day moving average price is $705.35 and its 200-day moving average price is $660.14. The company has a market cap of $30.32 billion, a P/E ratio of 6,461.31, a PEG ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results 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 negative return on equity of 0.07% and a net margin of 0.17%. As a group, equities research analysts forecast that HubSpot will post 1.01 EPS for the current fiscal 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.