HubSpot, Inc. (NYSE:HUBS) Receives Consensus Recommendation of "Moderate Buy" from Analysts

HubSpot, Inc. (NYSE:HUBS - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twenty-five analysts that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and nineteen have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $731.83.

Several research firms have recently weighed in on HUBS. UBS Group lowered shares of HubSpot from a "strong-buy" rating to a "hold" rating in a report on Friday, January 17th. Canaccord Genuity Group increased their target price 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. Evercore ISI raised their target price on HubSpot from $610.00 to $700.00 and gave the company an "in-line" rating in a research report on Thursday, November 7th. Piper Sandler cut 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 report on Thursday, November 7th. Finally, Stifel Nicolaus raised their price objective on HubSpot from $750.00 to $880.00 and gave the company a "buy" rating in a report on Monday, December 9th.

Insider Transactions at HubSpot

In other HubSpot news, insider Dawson Alyssa Harvey sold 573 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $401,100.00. Following the transaction, the insider now owns 7,603 shares of the company's stock, valued at $5,322,100. This represents a 7.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kathryn Bueker sold 1,796 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 transaction of $1,260,055.64. Following the sale, the chief financial officer now owns 38,560 shares of the company's stock, valued at approximately $27,053,310.40. This represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,066 shares of company stock worth $54,900,427 in the last quarter. Company insiders own 4.50% of the company's stock.

Hedge Funds Weigh In On HubSpot

Large investors have recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB grew its position in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock valued at $31,000 after acquiring an additional 19 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of HubSpot in the third quarter valued at approximately $25,000. Bank of Jackson Hole Trust acquired a new position in shares of HubSpot in the fourth quarter valued at approximately $35,000. HM Payson & Co. increased its stake in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker's stock worth $36,000 after buying an additional 18 shares during the period. Finally, Friedenthal Financial acquired a new stake in HubSpot during the 4th quarter worth approximately $50,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Performance

NYSE HUBS traded down $14.14 on Friday, reaching $765.39. 445,893 shares of the company's stock traded hands, compared to its average volume of 442,642. The stock has a 50 day moving average price of $724.40 and a 200-day moving average price of $602.09. The firm has a market cap of $39.51 billion, a price-to-earnings ratio of -2,834.66, a P/E/G ratio of 44.02 and a beta of 1.72. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $811.79.

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. The firm had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company's revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) earnings per share. As a group, equities research analysts anticipate that HubSpot will post 0.42 EPS for the current fiscal year.

About HubSpot

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.