HubSpot, Inc. (NYSE:HUBS) Receives Consensus Rating of “Buy” from Analysts

HubSpot, Inc. (NYSE:HUBS – Get Rating) has been assigned a consensus rating of “Buy” from the twenty-six brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, nineteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $739.04.

A number of analysts recently commented on the company. Barclays dropped their price target on HubSpot from $800.00 to $550.00 and set an “equal weight” rating for the company in a research note on Thursday, January 27th. Wells Fargo & Company dropped their price target on HubSpot from $725.00 to $675.00 and set an “overweight” rating for the company in a research note on Tuesday, March 15th. Truist Financial dropped their price target on HubSpot from $900.00 to $700.00 and set a “buy” rating for the company in a research note on Friday, February 11th. UBS Group lowered their price objective on HubSpot from $845.00 to $675.00 in a research report on Monday, February 14th. Finally, Raymond James lowered their price objective on HubSpot from $900.00 to $700.00 and set a “strong-buy” rating for the company in a research report on Friday, February 11th.

In related news, insider Brian Halligan sold 11,520 shares of HubSpot stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of $392.80, for a total value of $4,525,056.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.30% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC lifted its position in shares of HubSpot by 22.4% during the 3rd quarter. Wolff Wiese Magana LLC now owns 492 shares of the software maker’s stock valued at $333,000 after buying an additional 90 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of HubSpot during the 3rd quarter valued at about $602,000. DekaBank Deutsche Girozentrale lifted its position in shares of HubSpot by 7.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 4,008 shares of the software maker’s stock valued at $2,714,000 after buying an additional 268 shares in the last quarter. Edge Capital Group LLC purchased a new position in shares of HubSpot during the 3rd quarter valued at about $232,000. Finally, Westpac Banking Corp lifted its position in shares of HubSpot by 282.6% during the 3rd quarter. Westpac Banking Corp now owns 13,485 shares of the software maker’s stock valued at $9,117,000 after buying an additional 9,960 shares in the last quarter. Institutional investors and hedge funds own 93.34% of the company’s stock.

Shares of HubSpot stock opened at $465.26 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.35 and a current ratio of 2.35. HubSpot has a 52-week low of $378.88 and a 52-week high of $866.00. The stock has a market capitalization of $21.98 billion, a price-to-earnings ratio of -278.60 and a beta of 1.63. The company’s 50 day moving average price is $481.59 and its 200-day moving average price is $613.18.

HubSpot (NYSE:HUBS – Get Rating) last announced its quarterly earnings results on Thursday, February 10th. The software maker reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.12. HubSpot had a negative return on equity of 7.63% and a negative net margin of 5.98%. The company had revenue of $369.31 million during the quarter, compared to analyst estimates of $357.52 million. During the same quarter last year, the firm posted ($0.19) earnings per share. The firm’s revenue was up 46.5% on a year-over-year basis. As a group, equities research analysts forecast that HubSpot will post -2.7 earnings per share for the current fiscal year.

HubSpot Company Profile (Get Rating)

HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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