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

HubSpot, Inc. (NYSE:HUBS) has been assigned an average recommendation of “Moderate Buy” from the twenty-eight research firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $818.04.

A number of research analysts recently weighed in on HUBS shares. Raymond James lifted their target price on shares of HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Mizuho dropped their price objective on HubSpot from $900.00 to $700.00 and set an “outperform” rating for the company in a research note on Tuesday. StockNews.com cut HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. KeyCorp raised HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price target on the stock in a report on Thursday, February 13th. Finally, Sanford C. Bernstein started coverage on shares of HubSpot in a report on Thursday, March 20th. They set a “market perform” rating and a $693.00 price objective for the company.

HubSpot Price Performance

Shares of HubSpot stock opened at $538.98 on Friday. HubSpot has a 1-year low of $434.84 and a 1-year high of $881.13. The company’s fifty day simple moving average is $632.79 and its 200-day simple moving average is $659.01. 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 earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. As a group, research analysts anticipate that HubSpot will post 1.01 EPS for the current year.

Insiders Place Their Bets

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now owns 527,233 shares of the company’s stock, valued at $320,283,502.84. This trade represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Yamini Rangan sold 2,382 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the transaction, the chief executive officer now directly owns 72,373 shares in the company, valued at approximately $41,536,312.16. This represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,882 shares of company stock valued at $17,993,757 over the last three months. 4.50% of the stock is owned by company insiders.

Institutional Trading of HubSpot

Large investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in HubSpot during the 4th quarter valued at about $420,345,000. Raymond James Financial Inc. bought a new stake in shares of HubSpot during the fourth quarter valued at approximately $157,019,000. GAMMA Investing LLC boosted its holdings in shares of HubSpot by 80,552.5% in the first quarter. GAMMA Investing LLC now owns 178,242 shares of the software maker’s stock valued at $1,018,280,000 after purchasing an additional 178,021 shares during the period. Wealthfront Advisers LLC grew its stake in HubSpot by 3,090.2% in the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock worth $93,049,000 after purchasing an additional 129,357 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in HubSpot during the 4th quarter worth $79,135,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.