HubSpot, Inc. (NYSE:HUBS) Receives $772.56 Average Price Target from Analysts

Shares of HubSpot, Inc. (NYSE:HUBS) have received a consensus recommendation of “Moderate Buy” from the twenty-nine ratings firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, twenty-four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $767.33.

A number of brokerages have issued reports on HUBS. Scotiabank reduced their price objective on shares of HubSpot from $900.00 to $750.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 24th. Royal Bank of Canada increased their price objective on shares of HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Barclays reduced their price objective on shares of HubSpot from $815.00 to $745.00 and set an “overweight” rating on the stock in a research note on Friday, May 9th. Raymond James restated an “outperform” rating and issued a $825.00 price target (down from $980.00) on shares of HubSpot in a research note on Friday, May 9th. Finally, Redburn Atlantic began coverage on shares of HubSpot in a research note on Wednesday, February 19th. They issued a “buy” rating on the stock.

HubSpot Stock Down 0.9%

Shares of HubSpot stock opened at $663.64 on Tuesday. The company has a market capitalization of $34.93 billion, a price-to-earnings ratio of 7,374.60, a PEG ratio of 41.44 and a beta of 1.78. HubSpot has a 12-month low of $434.84 and a 12-month high of $881.13. The firm’s 50-day moving average price is $586.78 and its two-hundred day moving average price is $669.70.

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

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 680 shares of the firm’s stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the completion of the transaction, the chief executive officer now owns 71,693 shares in the company, valued at approximately $43,015,800. This trade represents a 0.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the transaction, the insider now owns 525,687 shares of the company’s stock, valued at approximately $283,135,018.20. The trade was a 1.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,562 shares of company stock worth $18,401,757 in the last ninety days. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Elequin Capital LP bought a new position in HubSpot during the 4th quarter worth approximately $27,000. Larson Financial Group LLC increased its stake in shares of HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after acquiring an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after acquiring an additional 19 shares in the last quarter. Coppell Advisory Solutions LLC increased its stake in shares of HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock valued at $32,000 after acquiring an additional 22 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of HubSpot in the 3rd quarter valued at $25,000. Institutional investors own 90.39% of the company’s stock.

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.