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

HubSpot, Inc. (NYSE:HUBS) has received a consensus recommendation of “Moderate Buy” from the thirty brokerages that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, twenty-five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $767.61.

HUBS has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their target price on HubSpot from $940.00 to $700.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Scotiabank reduced their target price on HubSpot from $900.00 to $750.00 and set a “sector outperform” rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. lifted their price target on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Barclays cut their price target on HubSpot from $815.00 to $745.00 and set an “overweight” rating for the company in a research note on Friday, May 9th. Finally, KeyCorp raised HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price target for the company in a research note on Thursday, February 13th.

Insider Transactions at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 680 shares of the company’s stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $600.00, for a total value of $408,000.00. Following the completion of the transaction, the chief executive officer now owns 71,693 shares in the company, valued at $43,015,800. This represents a 0.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the transaction, the insider now owns 527,233 shares of the company’s stock, valued at approximately $320,283,502.84. This represents a 1.59% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,062 shares of company stock worth $11,516,757. 4.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On HubSpot

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio purchased a new position in HubSpot in the 1st quarter worth approximately $10,569,000. Addison Capital Co boosted its holdings in HubSpot by 2.7% in the 1st quarter. Addison Capital Co now owns 4,046 shares of the software maker’s stock worth $2,311,000 after acquiring an additional 106 shares during the period. Acadian Asset Management LLC boosted its holdings in HubSpot by 15.0% in the 1st quarter. Acadian Asset Management LLC now owns 5,059 shares of the software maker’s stock worth $2,888,000 after acquiring an additional 660 shares during the period. Geneos Wealth Management Inc. boosted its holdings in HubSpot by 168.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 172 shares of the software maker’s stock worth $98,000 after acquiring an additional 108 shares during the period. Finally, IFM Investors Pty Ltd boosted its holdings in HubSpot by 5.3% in the 1st quarter. IFM Investors Pty Ltd now owns 9,729 shares of the software maker’s stock worth $5,558,000 after acquiring an additional 488 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

HubSpot stock opened at $608.96 on Friday. HubSpot has a one year low of $434.84 and a one year high of $881.13. The business has a fifty day moving average of $591.03 and a two-hundred day moving average of $667.86. The company has a market cap of $32.12 billion, a P/E ratio of 6,766.96, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78.

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.