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

Shares of HubSpot, Inc. (NYSE:HUBS) have been given an average recommendation of “Moderate Buy” by the twenty-eight research firms that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, twenty-three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $818.04.

HUBS has been the subject of several recent analyst reports. Stephens assumed coverage on shares of HubSpot in a research note on Wednesday, March 19th. They set an “overweight” rating and a $769.00 price objective for the company. Macquarie started coverage on HubSpot in a report on Monday, March 24th. They issued an “outperform” rating and a $730.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. KeyCorp upgraded HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 target price for the company in a report on Thursday, February 13th. Finally, Barclays upgraded shares of HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 price target on the stock in a report on Wednesday, March 12th.

Insiders Place Their Bets

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total value of $4,578,100.00. Following the completion of the sale, the insider now owns 525,687 shares of the company’s stock, valued at approximately $283,135,018.20. This trade represents a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Yamini Rangan sold 2,382 shares of the business’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the transaction, the chief executive officer now owns 72,373 shares of the company’s stock, valued at $41,536,312.16. This represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,882 shares of company stock valued at $17,993,757. Insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

A number of large investors have recently made changes to their positions in HUBS. Farther Finance Advisors LLC boosted its holdings in HubSpot by 5.4% in the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock worth $178,000 after purchasing an additional 13 shares during the last quarter. Wedbush Securities Inc. lifted its holdings in shares of HubSpot by 3.4% during the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock valued at $274,000 after buying an additional 13 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of HubSpot by 2.4% in the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock worth $445,000 after buying an additional 15 shares during the last quarter. Amalgamated Bank grew its holdings in shares of HubSpot by 0.5% in the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock worth $2,271,000 after acquiring an additional 16 shares during the period. Finally, Avitas Wealth Management LLC increased its position in HubSpot by 0.8% during the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock valued at $1,420,000 after acquiring an additional 17 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

HubSpot Price Performance

Shares of HUBS stock opened at $538.98 on Friday. The business has a 50-day moving average of $632.79 and a 200 day moving average of $659.01. HubSpot has a 1-year low of $434.84 and a 1-year high of $881.13. The stock has a market capitalization of $28.11 billion, a PE ratio of 5,989.35, a P/E/G ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Analysts anticipate that HubSpot will post 1.01 EPS for the current year.

About HubSpot

HubSpot, Inc, together with its subsidiaries, 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 Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.