HubSpot, Inc. (HUBS) Given Consensus Rating of “Buy” by Analysts

HubSpot, Inc. (NYSE:HUBS) has been assigned an average recommendation of “Buy” from the twenty-three research firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $84.07.

A number of brokerages have issued reports on HUBS. KeyCorp reaffirmed a “buy” rating and issued a $86.00 target price on shares of HubSpot in a research report on Wednesday, September 27th. Oppenheimer upped their target price on HubSpot from $91.00 to $93.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Evercore ISI assumed coverage on HubSpot in a research report on Monday, September 18th. They set an “outperform” rating and a $90.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and set a $80.00 price target on shares of HubSpot in a research report on Tuesday, September 19th. Finally, Canaccord Genuity reissued a “buy” rating and set a $83.00 price target on shares of HubSpot in a research report on Wednesday, September 27th.

In related news, CEO Brian Halligan sold 25,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $88.30, for a total transaction of $2,207,500.00. Following the completion of the transaction, the chief executive officer now directly owns 796,119 shares in the company, valued at approximately $70,297,307.70. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO John Kinzer sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $78.75, for a total value of $787,500.00. Following the transaction, the chief financial officer now owns 85,947 shares of the company’s stock, valued at $6,768,326.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,000 shares of company stock worth $6,537,030. Corporate insiders own 12.10% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. ETF Managers Group LLC bought a new position in HubSpot during the 2nd quarter worth $110,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in HubSpot by 136.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,720 shares of the software maker’s stock worth $113,000 after buying an additional 994 shares during the last quarter. Sei Investments Co. grew its stake in HubSpot by 41.3% during the 2nd quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock worth $142,000 after buying an additional 631 shares during the last quarter. ETRADE Capital Management LLC bought a new position in HubSpot during the 3rd quarter worth $203,000. Finally, 361 Capital LLC bought a new position in HubSpot during the 3rd quarter worth $222,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Shares of HubSpot (NYSE HUBS) traded down $2.45 on Thursday, hitting $90.35. The company’s stock had a trading volume of 595,900 shares, compared to its average volume of 441,284. HubSpot has a one year low of $45.65 and a one year high of $93.53. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.41.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 1st. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.15. HubSpot had a negative return on equity of 21.93% and a negative net margin of 12.16%. The company had revenue of $97.73 million for the quarter, compared to analyst estimates of $96.50 million. During the same period in the prior year, the company posted ($0.05) EPS. HubSpot’s quarterly revenue was up 38.4% on a year-over-year basis. sell-side analysts expect that HubSpot will post -0.99 earnings per share for the current fiscal year.

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About HubSpot

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.

Analyst Recommendations for HubSpot (NYSE:HUBS)

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