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

Shares of HubSpot, Inc. (NYSE:HUBS) have been given a consensus recommendation of “Moderate Buy” by the twenty-six ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $642.36.

A number of equities analysts recently weighed in on HUBS shares. Royal Bank of Canada lifted their price target on HubSpot from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. TheStreet raised HubSpot from a “d+” rating to a “c-” rating in a research note on Thursday, January 4th. KeyCorp started coverage on HubSpot in a research note on Thursday, March 21st. They issued an “underweight” rating and a $520.00 price target on the stock. Evercore ISI lifted their price target on HubSpot from $625.00 to $650.00 and gave the stock an “in-line” rating in a research note on Thursday, February 15th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $675.00 target price on shares of HubSpot in a research note on Friday, April 5th.

HubSpot Price Performance

NYSE:HUBS opened at $590.89 on Friday. The business’s 50-day moving average price is $628.53 and its 200 day moving average price is $562.84. The firm has a market cap of $30.08 billion, a P/E ratio of -166.45 and a beta of 1.57. HubSpot has a 52-week low of $407.23 and a 52-week high of $693.85. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.35.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.22. The firm had revenue of $581.91 million for the quarter, compared to analysts’ expectations of $557.48 million. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. As a group, sell-side analysts predict that HubSpot will post -0.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the sale, the insider now directly owns 526,041 shares in the company, valued at approximately $334,656,763.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the transaction, the insider now directly owns 526,041 shares in the company, valued at $334,656,763.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Yamini Rangan sold 8,817 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $620.00, for a total value of $5,466,540.00. Following the transaction, the chief executive officer now owns 88,977 shares of the company’s stock, valued at $55,165,740. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,393 shares of company stock worth $13,421,401. 4.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Commonwealth Equity Services LLC increased its position in shares of HubSpot by 22.0% during the third quarter. Commonwealth Equity Services LLC now owns 17,955 shares of the software maker’s stock valued at $8,843,000 after purchasing an additional 3,237 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of HubSpot by 72.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,390 shares of the software maker’s stock valued at $1,177,000 after purchasing an additional 1,001 shares during the period. Xponance Inc. increased its position in shares of HubSpot by 2.7% during the third quarter. Xponance Inc. now owns 6,622 shares of the software maker’s stock valued at $3,261,000 after purchasing an additional 174 shares during the period. Dakota Wealth Management increased its position in shares of HubSpot by 58.9% during the third quarter. Dakota Wealth Management now owns 2,110 shares of the software maker’s stock valued at $1,039,000 after purchasing an additional 782 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of HubSpot by 1.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 23,178 shares of the software maker’s stock valued at $11,415,000 after purchasing an additional 331 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Company Profile

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.