HubSpot, Inc. (NYSE:HUBS) Given Average Recommendation of “Moderate Buy” by Analysts

HubSpot, Inc. (NYSE:HUBS) has been assigned an average recommendation of “Moderate Buy” from the thirty-four analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $613.4516.

HUBS has been the topic of a number of recent research reports. Citigroup lifted their target price on shares of HubSpot from $650.00 to $658.00 and gave the company a “buy” rating in a report on Thursday, October 30th. The Goldman Sachs Group dropped their price objective on shares of HubSpot from $717.00 to $612.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Barclays decreased their target price on shares of HubSpot from $675.00 to $575.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. JPMorgan Chase & Co. reduced their price objective on HubSpot from $675.00 to $650.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Finally, Truist Financial lowered their target price on HubSpot from $675.00 to $650.00 and set a “buy” rating on the stock in a research note on Friday, November 7th.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 2,387 shares of the firm’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $500.00, for a total value of $1,193,500.00. Following the completion of the sale, the chief executive officer owned 56,277 shares in the company, valued at approximately $28,138,500. This trade represents a 4.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 directly owned 38,794 shares in the company, valued at approximately $19,397,000. The trade was a 1.56% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 28,502 shares of company stock valued at $11,559,565. 4.00% of the stock is owned by company insiders.

Institutional Trading of HubSpot

A number of institutional investors have recently modified their holdings of HUBS. FNY Investment Advisers LLC acquired a new stake in HubSpot in the third quarter valued at $140,000. Allworth Financial LP grew its stake in shares of HubSpot by 73.8% during the 3rd quarter. Allworth Financial LP now owns 478 shares of the software maker’s stock worth $224,000 after purchasing an additional 203 shares during the period. Swiss Life Asset Management Ltd increased its holdings in shares of HubSpot by 10.6% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 7,733 shares of the software maker’s stock valued at $3,617,000 after purchasing an additional 738 shares in the last quarter. Groupama Asset Managment lifted its stake in shares of HubSpot by 2.9% in the third quarter. Groupama Asset Managment now owns 62,664 shares of the software maker’s stock valued at $29,314,000 after purchasing an additional 1,763 shares during the period. Finally, Strategic Advocates LLC purchased a new stake in HubSpot during the third quarter worth about $25,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Stock Performance

HUBS opened at $394.29 on Wednesday. HubSpot has a one year low of $344.41 and a one year high of $881.13. The stock has a market capitalization of $20.66 billion, a P/E ratio of -4,928.60, a price-to-earnings-growth ratio of 13.60 and a beta of 1.46. The business’s 50-day simple moving average is $406.97 and its 200-day simple moving average is $471.92.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.08. The firm had revenue of $809.52 million for the quarter, compared to the consensus estimate of $786.80 million. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.18 EPS. On average, equities research analysts forecast that HubSpot will post 1.01 EPS for the current fiscal year.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.