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HubSpot, Inc. (NYSE:HUBS) Receives Average Rating of "Moderate Buy" from Brokerages

HubSpot logo with Computer and Technology background

HubSpot, Inc. (NYSE:HUBS - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twenty-three brokerages that are covering the company, 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 target among analysts that have issued a report on the stock in the last year is $689.95.

A number of research firms recently weighed in on HUBS. Oppenheimer upped their price objective on shares of HubSpot from $625.00 to $740.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Piper Sandler cut shares of HubSpot from an "overweight" rating to a "neutral" rating and upped their price target for the stock from $570.00 to $640.00 in a research report on Thursday, November 7th. Needham & Company LLC reiterated a "buy" rating and set a $730.00 price objective on shares of HubSpot in a research note on Thursday, November 7th. Canaccord Genuity Group boosted their price objective on shares of HubSpot from $600.00 to $710.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Finally, Barclays upped their target price on HubSpot from $500.00 to $650.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th.

Check Out Our Latest Research Report on HubSpot

HubSpot Stock Down 1.7 %

HUBS stock traded down $12.63 during trading on Friday, hitting $721.86. The company had a trading volume of 340,579 shares, compared to its average volume of 586,882. HubSpot has a 52-week low of $434.84 and a 52-week high of $762.47. The company has a 50 day simple moving average of $637.78 and a 200-day simple moving average of $564.70. The firm has a market capitalization of $37.26 billion, a P/E ratio of -2,673.46, a PEG ratio of 88.26 and a beta of 1.70.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. During the same period in the prior year, the firm earned ($0.04) EPS. The company's revenue for the quarter was up 20.1% compared to the same quarter last year. Sell-side analysts forecast that HubSpot will post 0.4 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the sale, the insider now directly owns 513,698 shares of the company's stock, valued at $339,857,459.82. This represents a 1.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 115 shares of the business's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total transaction of $82,085.85. Following the transaction, the chief executive officer now owns 61,179 shares of the company's stock, valued at $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,390 shares of company stock valued at $29,126,596. 4.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On HubSpot

Institutional investors have recently bought and sold shares of the company. GDS Wealth Management acquired a new stake in shares of HubSpot in the 3rd quarter worth $2,149,000. Pallas Capital Advisors LLC acquired a new stake in shares of HubSpot during the 3rd quarter worth approximately $624,000. Icon Wealth Advisors LLC raised its position in shares of HubSpot by 3,346.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker's stock valued at $11,212,000 after buying an additional 20,479 shares during the period. Headlands Technologies LLC acquired a new position in HubSpot in the second quarter valued at approximately $3,135,000. Finally, Curi RMB Capital LLC grew its position 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 acquiring an additional 937 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

About HubSpot

(Get Free Report

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.

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