HubSpot, Inc. (NYSE:HUBS) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of HubSpot, Inc. (NYSE:HUBS - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twenty-three brokerages that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $672.68.

HUBS has been the subject of several analyst reports. Citigroup lowered their price objective on HubSpot from $699.00 to $629.00 and set a "buy" rating for the company in a research note on Friday, August 9th. The Goldman Sachs Group raised their target price on shares of HubSpot from $626.00 to $690.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Stifel Nicolaus increased their price objective on shares of HubSpot from $600.00 to $625.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Evercore ISI increased their price target on HubSpot from $610.00 to $700.00 and gave the stock an "in-line" rating in a report on Thursday, November 7th. Finally, Oppenheimer upped their price objective on HubSpot from $625.00 to $740.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th.

Insider Activity

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the company's stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the transaction, the chief executive officer now owns 67,203 shares in the company, valued at approximately $33,009,441.57. This represents a 0.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 1,136 shares of HubSpot stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $597,354.24. Following the sale, the chief financial officer now owns 41,259 shares of the company's stock, valued at $21,695,632.56. The trade was a 2.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,891 shares of company stock worth $6,662,473. Insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On HubSpot

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new stake in HubSpot during the second quarter worth $35,000. HM Payson & Co. lifted its position in shares of HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker's stock valued at $36,000 after buying an additional 18 shares in the last quarter. Crewe Advisors LLC grew its stake in HubSpot by 525.0% in the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker's stock valued at $44,000 after acquiring an additional 63 shares during the period. J.Safra Asset Management Corp raised its position in HubSpot by 690.9% during the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker's stock worth $51,000 after acquiring an additional 76 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in HubSpot by 41.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker's stock valued at $64,000 after purchasing an additional 32 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Trading Up 2.1 %

Shares of HUBS stock traded up $13.96 on Tuesday, reaching $682.28. The company's stock had a trading volume of 440,652 shares, compared to its average volume of 594,289. The stock's fifty day simple moving average is $558.24 and its 200-day simple moving average is $548.30. HubSpot has a 1 year low of $434.84 and a 1 year high of $724.61.

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