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

Key Points

• HubSpot, Inc. has received an average rating of "Moderate Buy" from 31 stock analysts, with a reported target price of $723.11 over the next year.
• The company's stock experienced a decline of 1.5% recently, trading at $452.87 as of Friday, with a market cap of $23.86 billion.
• HubSpot reported a revenue increase of 19.4% year-over-year and earnings per share of $2.19, beating analyst estimates.

Shares of HubSpot, Inc. (NYSE:HUBS - Get Free Report) have been assigned an average rating of "Moderate Buy" from the thirty-one analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $723.1071.

A number of research analysts have recently issued reports on HUBS shares. JPMorgan Chase & Co. reduced their price target on shares of HubSpot from $775.00 to $675.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. Canaccord Genuity Group reduced their price target on shares of HubSpot from $765.00 to $700.00 and set a "buy" rating on the stock in a research report on Thursday, August 7th. UBS Group restated an "outperform" rating on shares of HubSpot in a research report on Wednesday, September 3rd. KeyCorp reduced their price target on shares of HubSpot from $860.00 to $775.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of HubSpot in a research report on Saturday, September 27th.

HubSpot Trading Down 1.5%

HUBS opened at $452.87 on Friday. The company has a fifty day simple moving average of $476.48 and a 200 day simple moving average of $540.91. The firm has a market cap of $23.86 billion, a price-to-earnings ratio of -1,969.00, a PEG ratio of 15.85 and a beta of 1.58. HubSpot has a twelve month low of $418.34 and a twelve month high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly 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 analyst estimates of $739.94 million. During the same period last year, the business earned $1.94 EPS. The business's revenue 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

In related news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $506.52, for a total value of $4,305,420.00. Following the sale, the director directly owned 522,185 shares in the company, valued at $264,497,146.20. This trade represents a 1.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $307,500.00. Following the completion of the sale, the chief financial officer owned 38,794 shares in the company, valued at approximately $19,397,000. This represents a 1.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,098 shares of company stock valued at $25,563,137. 4.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On HubSpot

Several large investors have recently bought and sold shares of the stock. Wedmont Private Capital acquired a new position in shares of HubSpot in the 1st quarter worth approximately $223,000. Farther Finance Advisors LLC grew its stake in shares of HubSpot by 25.1% in the 1st quarter. Farther Finance Advisors LLC now owns 319 shares of the software maker's stock worth $186,000 after purchasing an additional 64 shares during the last quarter. Yousif Capital Management LLC grew its stake in shares of HubSpot by 3.0% in the 1st quarter. Yousif Capital Management LLC now owns 662 shares of the software maker's stock worth $378,000 after purchasing an additional 19 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of HubSpot by 41.2% in the 1st quarter. GAMMA Investing LLC now owns 312 shares of the software maker's stock worth $178,000 after purchasing an additional 91 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of HubSpot by 239.2% in the 1st quarter. SG Americas Securities LLC now owns 2,147 shares of the software maker's stock worth $1,227,000 after purchasing an additional 1,514 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.