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

Shares of HubSpot, Inc. (NYSE:HUBS - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty-eight research firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $848.58.

Several equities analysts have recently weighed in on HUBS shares. Scotiabank lifted their target price 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. StockNews.com downgraded shares of HubSpot from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. BMO Capital Markets raised their target price on HubSpot from $690.00 to $885.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. KeyCorp upgraded HubSpot from a "sector weight" rating to an "overweight" rating and set a $920.00 price target for the company in a research note on Thursday, February 13th. Finally, Barclays raised HubSpot from an "equal weight" rating to an "overweight" rating and set a $815.00 price objective on the stock in a report on Wednesday, March 12th.

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HubSpot Price Performance

NYSE:HUBS traded down $15.36 during mid-day trading on Monday, hitting $593.32. The company's stock had a trading volume of 446,112 shares, compared to its average volume of 603,200. The business's fifty day moving average is $710.31 and its two-hundred day moving average is $657.69. The stock has a market cap of $30.94 billion, a price-to-earnings ratio of 6,593.13, a PEG ratio of 41.44 and a beta of 1.80. HubSpot has a 1 year low of $434.84 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.20 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%. Analysts anticipate that HubSpot will post 1.01 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Lorrie M. Norrington sold 572 shares of HubSpot stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $721.60, for a total value of $412,755.20. Following the completion of the transaction, the director now owns 1,125 shares in the company, valued at $811,800. The trade was a 33.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the transaction, the insider now directly owns 527,233 shares in the company, valued at $320,283,502.84. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,425 shares of company stock worth $15,866,151 over the last 90 days. Corporate insiders own 4.50% of the company's stock.

Hedge Funds Weigh In On HubSpot

Several hedge funds have recently added to or reduced their stakes in HUBS. Farther Finance Advisors LLC grew its position in shares of HubSpot by 5.4% in the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker's stock valued at $178,000 after buying an additional 13 shares during the last quarter. Wedbush Securities Inc. boosted its stake in HubSpot by 3.4% in the fourth quarter. Wedbush Securities Inc. now owns 393 shares of the software maker's stock valued at $274,000 after acquiring an additional 13 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of HubSpot by 2.4% during the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker's stock worth $445,000 after purchasing an additional 15 shares during the last quarter. Amalgamated Bank increased its position in shares of HubSpot by 0.5% during the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker's stock worth $2,271,000 after purchasing an additional 16 shares in the last quarter. Finally, Avitas Wealth Management LLC lifted its holdings in shares of HubSpot by 0.8% in the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker's stock valued at $1,420,000 after purchasing an additional 17 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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.