HubSpot, Inc. (NYSE:HUBS) Receives $722.93 Average PT from 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.

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

A number of analysts have weighed in on the stock. Sanford C. Bernstein raised shares of HubSpot from a "market perform" rating to an "outperform" rating and set a $606.00 price target for the company in a report on Wednesday, September 3rd. BMO Capital Markets reduced their target price on shares of HubSpot from $650.00 to $600.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. Wall Street Zen raised HubSpot from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Stifel Nicolaus decreased their price objective on HubSpot from $750.00 to $700.00 and set a "buy" rating on the stock in a report on Monday, July 14th. Finally, Macquarie cut their target price on HubSpot from $730.00 to $660.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th.

Insider Buying and Selling at HubSpot

In related news, CTO Dharmesh Shah sold 4,747 shares of the stock in a transaction dated 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 completion of the transaction, the chief technology officer owned 1,271,058 shares of the company's stock, valued at $637,562,692.80. This represents a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kathryn Bueker sold 119 shares of the company's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $500.00, for a total value of $59,500.00. Following the completion of the sale, the chief financial officer owned 40,563 shares in the company, valued at approximately $20,281,500. This represents a 0.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,094 shares of company stock valued at $25,716,404 in the last 90 days. Insiders own 4.00% of the company's stock.

Institutional Investors Weigh In On HubSpot

Large investors have recently bought and sold shares of the business. Private Trust Co. NA grew its holdings in shares of HubSpot by 481.5% during the first quarter. Private Trust Co. NA now owns 157 shares of the software maker's stock worth $90,000 after purchasing an additional 130 shares during the last quarter. Principal Financial Group Inc. grew its holdings in 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 increased its position in HubSpot by 1,840.0% in the 1st quarter. Golden State Wealth Management LLC now owns 97 shares of the software maker's stock valued at $55,000 after acquiring an additional 92 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of HubSpot by 15.0% in the first quarter. Acadian Asset Management LLC now owns 5,059 shares of the software maker's stock worth $2,888,000 after acquiring an additional 660 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of HubSpot during the first quarter worth approximately $10,569,000. 90.39% of the stock is currently owned by institutional investors.

HubSpot Trading Up 1.3%

HUBS stock traded up $6.89 during mid-day trading on Monday, hitting $520.01. The stock had a trading volume of 969,482 shares, compared to its average volume of 727,262. HubSpot has a 1-year low of $418.34 and a 1-year high of $881.13. The company has a fifty day moving average of $494.17 and a 200 day moving average of $553.96. The stock has a market capitalization of $27.40 billion, a price-to-earnings ratio of -2,260.91, a PEG ratio of 17.73 and a beta of 1.58.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $760.87 million during the quarter, compared to analysts' expectations of $739.94 million. During the same period in the prior year, the company posted $1.94 earnings per share. HubSpot's revenue for the quarter was up 19.4% on a year-over-year basis. As a group, sell-side analysts expect that HubSpot will post 1.01 earnings per share 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.