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

Key Points

• HubSpot, Inc. has received a consensus recommendation of "Moderate Buy" from 30 brokerages, with 26 analysts issuing buy ratings and one analyst giving a strong buy rating.
• The average 1-year price target for HubSpot stock is approximately $726.04, with price targets ranging from a low of $600.00 to a high of $900.00 across different analysts.
• HubSpot's quarterly earnings report indicated earnings of $2.19 per share, surpassing analysts' expectations, and a revenue increase of 19.4% year-over-year.

HubSpot, Inc. (NYSE:HUBS - Get Free Report) has earned an average rating of "Moderate Buy" from the thirty brokerages that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $726.0357.

A number of analysts have recently weighed in on HUBS shares. Cantor Fitzgerald started coverage on shares of HubSpot in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $775.00 price target for the company. Wells Fargo & Company raised their price target on shares of HubSpot from $675.00 to $680.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. BMO Capital Markets decreased their price objective on shares of HubSpot from $650.00 to $600.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. The Goldman Sachs Group decreased their price objective on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Scotiabank decreased their price objective on shares of HubSpot from $900.00 to $750.00 and set a "sector outperform" rating for the company in a report on Thursday, April 24th.

HubSpot Trading Up 2.2%

HUBS stock opened at $452.8720 on Thursday. HubSpot has a twelve month low of $418.34 and a twelve month high of $881.13. The company has a market capitalization of $23.86 billion, a P/E ratio of -1,969.01, a PEG ratio of 15.27 and a beta of 1.66. The firm has a 50 day simple moving average of $522.50 and a 200-day simple moving average of $595.52.

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, 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 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 company earned $1.94 earnings per share. The business's quarterly revenue was up 19.4% compared to the same quarter last year. On average, research analysts predict that HubSpot will post 1.01 EPS for the current year.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 2,383 shares of HubSpot stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $1,314,915.57. Following the completion of the transaction, the chief executive officer owned 63,918 shares of the company's stock, valued at $35,269,313.22. The trade was a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $339,350.85. Following the completion of the transaction, the chief financial officer directly owned 41,086 shares of the company's stock, valued at approximately $22,670,843.94. This represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,998 shares of company stock valued at $10,928,616 over the last 90 days. 4.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On HubSpot

Hedge funds have recently added to or reduced their stakes in the stock. Private Trust Co. NA lifted its stake in HubSpot by 481.5% in the first quarter. Private Trust Co. NA now owns 157 shares of the software maker's stock valued at $90,000 after buying an additional 130 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of HubSpot by 4.6% during the first quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker's stock valued at $16,427,000 after purchasing an additional 1,276 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in HubSpot by 1,840.0% in the first quarter. Golden State Wealth Management LLC now owns 97 shares of the software maker's stock worth $55,000 after purchasing an additional 92 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in HubSpot in the first quarter worth about $235,000. Finally, Amalgamated Bank lifted its holdings in HubSpot by 6.9% in the first quarter. Amalgamated Bank now owns 3,485 shares of the software maker's stock worth $1,991,000 after purchasing an additional 226 shares during the period. 90.39% of the stock is currently owned by 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.

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