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

Key Points

• HubSpot, Inc. has received a consensus recommendation of "Moderate Buy" from analysts, with one strong buy, twenty-seven buy ratings, and two holds among thirty research firms covering the stock.
• The average one-year price target for HubSpot shares is approximately $722.93, while recent analyst price targets vary from $655.00 to $900.00.
• For the most recent quarter, HubSpot reported earnings of $2.19 per share, beating analyst estimates and showing a 19.4% year-over-year revenue growth to $760.87 million.

Shares of HubSpot, Inc. (NYSE:HUBS - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the thirty research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $722.9286.

HUBS has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $900.00 target price on shares of HubSpot in a research note on Thursday, September 4th. Canaccord Genuity Group reduced their price target on shares of HubSpot from $765.00 to $700.00 and set a "buy" rating for the company in a research report on Thursday, August 7th. Raymond James Financial reduced their price target on shares of HubSpot from $825.00 to $655.00 and set an "outperform" rating for the company in a research report on Thursday, August 7th. Piper Sandler started coverage on shares of HubSpot in a research report on Thursday, September 4th. They set an "overweight" rating and a $675.00 price target for the company. Finally, UBS Group reissued an "outperform" rating on shares of HubSpot in a research report on Wednesday, September 3rd.

HubSpot Stock Performance

Shares of NYSE HUBS opened at $493.10 on Monday. HubSpot has a fifty-two week low of $418.34 and a fifty-two week high of $881.13. The company has a 50 day simple moving average of $498.16 and a two-hundred day simple moving average of $558.68. The company has a market capitalization of $25.98 billion, a price-to-earnings ratio of -2,143.91, a P/E/G ratio of 16.93 and a beta of 1.58.

HubSpot (NYSE:HUBS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, beating analysts' consensus estimates of $2.12 by $0.07. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The business had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. During the same quarter last year, the firm earned $1.94 earnings per share. The business's revenue for the quarter was up 19.4% on a year-over-year basis. On average, analysts forecast that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In related news, CTO Dharmesh Shah sold 4,747 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $501.60, for a total value of $2,381,095.20. Following the sale, the chief technology officer owned 1,271,058 shares in the company, valued at approximately $637,562,692.80. This trade represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 119 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $500.00, for a total transaction of $59,500.00. Following the completion of the sale, the chief financial officer owned 40,563 shares in the company, valued at $20,281,500. This represents a 0.29% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,094 shares of company stock worth $26,069,239. Company insiders own 4.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Private Trust Co. NA boosted its stake in shares of HubSpot by 481.5% during the 1st quarter. Private Trust Co. NA now owns 157 shares of the software maker's stock worth $90,000 after acquiring an additional 130 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of HubSpot by 4.6% during the 1st quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker's stock worth $16,427,000 after acquiring an additional 1,276 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in shares of HubSpot by 1,840.0% during the 1st quarter. Golden State Wealth Management LLC now owns 97 shares of the software maker's stock worth $55,000 after acquiring an additional 92 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of HubSpot during the 1st quarter worth $235,000. Finally, Amalgamated Bank boosted its stake in shares of HubSpot by 6.9% during the 1st quarter. Amalgamated Bank now owns 3,485 shares of the software maker's stock worth $1,991,000 after acquiring an additional 226 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

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.

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