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

HubSpot, Inc. (NYSE:HUBSGet Rating) has been assigned an average recommendation of “Moderate Buy” from the twenty-four analysts that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $400.09.

Several analysts have issued reports on HUBS shares. Mizuho dropped their target price on HubSpot from $410.00 to $390.00 and set a “buy” rating for the company in a report on Thursday, November 3rd. Wolfe Research dropped their target price on HubSpot from $370.00 to $350.00 and set an “outperform” rating for the company in a report on Thursday, November 3rd. Cowen lowered their price target on HubSpot from $390.00 to $380.00 and set an “outperform” rating for the company in a report on Thursday, November 3rd. Morgan Stanley lowered their price target on HubSpot from $405.00 to $378.00 and set an “overweight” rating for the company in a report on Wednesday, October 19th. Finally, Piper Sandler lowered their price target on HubSpot from $415.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, October 20th.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, October 18th. The stock was sold at an average price of $284.70, for a total value of $2,419,950.00. Following the sale, the insider now owns 648,280 shares of the company’s stock, valued at approximately $184,565,316. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 25,500 shares of company stock valued at $7,429,680 in the last quarter. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On HubSpot

A number of hedge funds have recently bought and sold shares of HUBS. Arizona State Retirement System raised its position in shares of HubSpot by 2.8% during the 1st quarter. Arizona State Retirement System now owns 12,495 shares of the software maker’s stock worth $5,934,000 after acquiring an additional 336 shares in the last quarter. abrdn plc raised its position in shares of HubSpot by 18.1% during the 1st quarter. abrdn plc now owns 6,538 shares of the software maker’s stock worth $3,216,000 after acquiring an additional 1,002 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of HubSpot by 73.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 38,623 shares of the software maker’s stock worth $18,344,000 after acquiring an additional 16,411 shares in the last quarter. Prospera Financial Services Inc acquired a new stake in shares of HubSpot during the 1st quarter worth about $184,000. Finally, Advisor Group Holdings Inc. raised its position in shares of HubSpot by 10.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 5,097 shares of the software maker’s stock worth $2,331,000 after acquiring an additional 470 shares in the last quarter. Institutional investors and hedge funds own 91.05% of the company’s stock.

HubSpot Stock Up 6.1 %

Shares of NYSE:HUBS opened at $289.30 on Friday. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.50. The business has a fifty day moving average of $279.29 and a two-hundred day moving average of $309.94. The stock has a market cap of $14.05 billion, a P/E ratio of -121.55 and a beta of 1.58. HubSpot has a 52-week low of $245.03 and a 52-week high of $862.00.

About HubSpot

(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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Analyst Recommendations for HubSpot (NYSE:HUBS)

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