Shares of HubSpot Inc (NYSE:HUBS) have earned an average recommendation of “Buy” from the twenty-two ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, seventeen have given 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 $85.00.

Several brokerages have issued reports on HUBS. Cowen upped their target price on HubSpot from $69.00 to $76.00 and gave the stock a “market perform” rating in a research note on Thursday, September 28th. KeyCorp reissued a “buy” rating and set a $86.00 price objective on shares of HubSpot in a research note on Wednesday, September 27th. UBS Group reissued an “outperform” rating and set a $82.00 price objective (up previously from $80.00) on shares of HubSpot in a research note on Wednesday, September 27th. Canaccord Genuity reissued a “buy” rating and set a $83.00 price objective on shares of HubSpot in a research note on Wednesday, September 27th. Finally, Oppenheimer reissued a “buy” rating and set a $82.00 price objective on shares of HubSpot in a research note on Wednesday, September 27th.

Shares of HubSpot (NYSE HUBS) traded up $1.75 on Monday, reaching $92.65. The company’s stock had a trading volume of 217,600 shares, compared to its average volume of 288,667. The stock has a market capitalization of $3,462.47, a price-to-earnings ratio of -79.87 and a beta of 2.30. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.55 and a current ratio of 3.55. HubSpot has a 1-year low of $49.40 and a 1-year high of $93.53.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, November 1st. The software maker reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.15. The business had revenue of $97.73 million during the quarter, compared to analyst estimates of $96.50 million. HubSpot had a negative return on equity of 21.93% and a negative net margin of 12.16%. HubSpot’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. equities research analysts anticipate that HubSpot will post -0.99 EPS for the current year.

In related news, CEO Brian Halligan sold 25,000 shares of the company’s stock in a transaction that occurred 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 owns 796,119 shares in the company, valued at $70,297,307.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Hunter Madeley sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $81.60, for a total value of $81,600.00. Following the transaction, the insider now owns 59,264 shares of the company’s stock, valued at approximately $4,835,942.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,000 shares of company stock valued at $5,843,480. 12.10% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the stock. State Street Corp raised its holdings in HubSpot by 17.4% in the second quarter. State Street Corp now owns 622,514 shares of the software maker’s stock worth $40,930,000 after purchasing an additional 92,448 shares in the last quarter. American International Group Inc. raised its holdings in HubSpot by 8.1% in the third quarter. American International Group Inc. now owns 22,572 shares of the software maker’s stock worth $1,897,000 after purchasing an additional 1,687 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in HubSpot by 29.0% in the third quarter. JPMorgan Chase & Co. now owns 505,034 shares of the software maker’s stock worth $41,386,000 after purchasing an additional 113,604 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in HubSpot by 48.8% in the second quarter. Goldman Sachs Group Inc. now owns 378,892 shares of the software maker’s stock worth $24,913,000 after purchasing an additional 124,238 shares in the last quarter. Finally, BT Investment Management Ltd raised its holdings in HubSpot by 62.2% in the third quarter. BT Investment Management Ltd now owns 12,338 shares of the software maker’s stock worth $1,037,000 after purchasing an additional 4,731 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

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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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