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

HubSpot, Inc. (NYSE:HUBS - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty-five analysts that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $863.96.

Several research firms have recently commented on HUBS. Scotiabank raised their price objective on HubSpot from $825.00 to $900.00 and gave the stock a "sector outperform" rating in a research note on Thursday, February 13th. The Goldman Sachs Group raised their target price on shares of HubSpot from $783.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Citigroup upped their price target on shares of HubSpot from $750.00 to $900.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Barclays reissued an "equal weight" rating on shares of HubSpot in a research note on Thursday, February 13th. Finally, Stifel Nicolaus lifted their target price on shares of HubSpot from $880.00 to $925.00 and gave the company a "buy" rating in a research note on Thursday, February 13th.

Insider Activity at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on 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 completion of the sale, the insider now directly owns 524,751 shares in the company, valued at approximately $425,048,310. This trade represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yamini Rangan sold 115 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,112 shares of company stock valued at $35,878,612 over the last 90 days. 4.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HubSpot

Several hedge funds have recently made changes to their positions in HUBS. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of HubSpot by 34.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,334 shares of the software maker's stock valued at $3,395,000 after buying an additional 1,626 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in HubSpot by 50.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,197 shares of the software maker's stock worth $1,699,000 after acquiring an additional 1,073 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in HubSpot by 57.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 639 shares of the software maker's stock valued at $340,000 after purchasing an additional 233 shares during the period. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of HubSpot by 83.0% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 734 shares of the software maker's stock valued at $390,000 after purchasing an additional 333 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of HubSpot by 5.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,285 shares of the software maker's stock worth $1,746,000 after purchasing an additional 170 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Stock Performance

Shares of HUBS stock traded up $11.27 during mid-day trading on Thursday, hitting $724.46. The company's stock had a trading volume of 586,082 shares, compared to its average volume of 504,687. The business has a 50-day moving average price of $739.69 and a 200 day moving average price of $641.47. The stock has a market cap of $37.78 billion, a price-to-earnings ratio of 8,050.45, a PEG ratio of 41.44 and a beta of 1.72. HubSpot has a 52-week low of $434.84 and a 52-week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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 research analysts predict 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.