HubSpot, Inc. (NYSE:HUBS) Receives $642.36 Consensus Price Target from Analysts

Shares of HubSpot, Inc. (NYSE:HUBS) have been given an average recommendation of “Moderate Buy” by the twenty-six brokerages that are covering the company, Marketbeat Ratings reports. One equities 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 twelve-month target price among brokers that have updated their coverage on the stock in the last year is $642.36.

HUBS has been the topic of a number of research analyst reports. Royal Bank of Canada raised their target price on HubSpot from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Evercore ISI upped their target price on shares of HubSpot from $625.00 to $650.00 and gave the company an “in-line” rating in a research note on Thursday, February 15th. The Goldman Sachs Group raised their price target on shares of HubSpot from $577.00 to $656.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Barclays upped their price objective on shares of HubSpot from $475.00 to $600.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Finally, Stifel Nicolaus lifted their target price on HubSpot from $700.00 to $750.00 and gave the stock a “buy” rating in a research report on Monday, April 8th.

HubSpot Price Performance

Shares of HubSpot stock opened at $600.27 on Friday. HubSpot has a 1-year low of $407.23 and a 1-year high of $693.85. The firm has a fifty day simple moving average of $628.44 and a 200-day simple moving average of $565.26. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $30.56 billion, a price-to-earnings ratio of -169.09 and a beta of 1.57.

HubSpot (NYSE:HUBS) last released its 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 during the quarter, compared to analyst estimates of $557.48 million. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. On average, sell-side analysts expect that HubSpot will post -0.98 earnings per share for the current year.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $634.21, for a total transaction of $73,568.36. Following the sale, the chief executive officer now owns 88,861 shares of the company’s stock, valued at $56,356,534.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Yamini Rangan sold 116 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $634.21, for a total value of $73,568.36. Following the completion of the sale, the chief executive officer now owns 88,861 shares in the company, valued at $56,356,534.81. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Dawson Alyssa Harvey sold 1,086 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $618.25, for a total value of $671,419.50. Following the completion of the sale, the insider now owns 7,783 shares in the company, valued at $4,811,839.75. The disclosure for this sale can be found here. Insiders have sold a total of 21,393 shares of company stock valued at $13,421,401 over the last 90 days. 4.90% of the stock is owned by insiders.

Institutional Investors Weigh In On HubSpot

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Jennison Associates LLC boosted its position in shares of HubSpot by 728.0% during the 3rd quarter. Jennison Associates LLC now owns 792,135 shares of the software maker’s stock valued at $390,126,000 after acquiring an additional 696,469 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of HubSpot by 50.3% in the fourth quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock worth $1,088,119,000 after buying an additional 626,977 shares during the period. Norges Bank bought a new stake in HubSpot in the fourth quarter valued at approximately $311,236,000. Twin Focus Capital Partners LLC boosted its position in HubSpot by 92,828.2% during the 4th quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock valued at $283,230,000 after buying an additional 487,348 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in shares of HubSpot by 87.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 451,341 shares of the software maker’s stock valued at $262,022,000 after acquiring an additional 210,138 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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.