HubSpot, Inc. (NYSE:HUBS) Receives $610.79 Average Target Price from Brokerages

HubSpot, Inc. (NYSE:HUBS - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty-five research firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and twenty-one have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $610.79.

Several brokerages have commented on HUBS. Oppenheimer dropped their price target on shares of HubSpot from $725.00 to $625.00 and set an "outperform" rating on the stock in a research report on Monday, July 22nd. Evercore ISI dropped their price target on shares of HubSpot from $650.00 to $550.00 and set an "in-line" rating on the stock in a research report on Thursday, August 8th. TD Cowen dropped their price target on shares of HubSpot from $700.00 to $680.00 and set a "buy" rating on the stock in a research report on Thursday, May 9th. Needham & Company LLC reiterated a "buy" rating and issued a $730.00 price target on shares of HubSpot in a research report on Thursday, August 8th. Finally, Piper Sandler restated an "overweight" rating and set a $570.00 price objective on shares of HubSpot in a report on Thursday, August 8th.

Insider Buying and Selling

In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total value of $4,014,295.00. Following the transaction, the insider now owns 518,152 shares in the company, valued at $244,707,645.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the completion of the sale, the insider now owns 518,152 shares of the company's stock, valued at $244,707,645.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 1,135 shares of the company's stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total value of $672,828.00. Following the sale, the chief financial officer now directly owns 44,715 shares of the company's stock, valued at approximately $26,507,052. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,896 shares of company stock worth $21,243,275. Insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On HubSpot

A number of large investors have recently added to or reduced their stakes in the stock. Riverview Trust Co bought a new stake in shares of HubSpot in the first quarter valued at approximately $27,000. Geneos Wealth Management Inc. boosted its position in shares of HubSpot by 1,125.0% in the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker's stock valued at $31,000 after acquiring an additional 45 shares during the period. International Assets Investment Management LLC bought a new stake in shares of HubSpot in the second quarter valued at approximately $35,000. Crewe Advisors LLC boosted its position in shares of HubSpot by 525.0% in the second 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. Finally, SYSTM Wealth Solutions LLC boosted its position in shares of HubSpot by 54.0% in the first quarter. SYSTM Wealth Solutions LLC now owns 77 shares of the software maker's stock valued at $48,000 after acquiring an additional 27 shares during the period. Institutional investors own 90.39% of the company's stock.

HubSpot Stock Up 2.1 %

HUBS stock traded up $10.26 during mid-day trading on Thursday, reaching $504.54. The company had a trading volume of 363,401 shares, compared to its average volume of 629,990. The stock has a market capitalization of $25.71 billion, a P/E ratio of -186.40, a P/E/G ratio of 3,148.72 and a beta of 1.60. HubSpot has a one year low of $407.23 and a one year high of $693.85. The stock's 50-day simple moving average is $504.00 and its two-hundred day simple moving average is $575.35.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating analysts' consensus estimates of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The business had revenue of $637.20 million for the quarter, compared to analysts' expectations of $619.28 million. During the same period in the previous year, the business earned ($1.17) earnings per share. The company's revenue was up 20.4% on a year-over-year basis. On average, research analysts forecast that HubSpot will post 0.01 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.