HubSpot, Inc. (NYSE:HUBS) Given Average Recommendation of “Moderate Buy” by Brokerages

HubSpot, Inc. (NYSE:HUBS) has been assigned an average rating of “Moderate Buy” from the thirty-four ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $601.40.

A number of brokerages recently commented on HUBS. Oppenheimer lowered their target price on HubSpot from $750.00 to $550.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. KeyCorp lowered their price objective on shares of HubSpot from $775.00 to $650.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Zacks Research downgraded shares of HubSpot from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Rothschild Redb lowered shares of HubSpot from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Argus dropped their price target on shares of HubSpot from $650.00 to $525.00 and set a “buy” rating for the company in a research note on Thursday, November 20th.

HubSpot Stock Performance

NYSE:HUBS opened at $322.27 on Friday. The stock has a market capitalization of $16.88 billion, a P/E ratio of -4,028.39, a PEG ratio of 7.64 and a beta of 1.46. The company has a 50 day moving average price of $370.22 and a 200 day moving average price of $441.68. HubSpot has a fifty-two week low of $300.09 and a fifty-two week high of $881.13.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.08. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The company had revenue of $809.52 million for the quarter, compared to analysts’ expectations of $786.80 million. During the same period in the prior year, the firm earned $2.18 earnings per share. The firm’s revenue was up 20.9% compared to the same quarter last year. Research analysts forecast that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the sale, the director owned 487,344 shares in the company, valued at $147,850,422.72. This represents a 1.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 25,735 shares of company stock worth $8,943,006. Insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Institutional investors and hedge funds have recently made changes to their positions in the stock. Strategic Advocates LLC purchased a new position in HubSpot in the third quarter worth approximately $25,000. Turning Point Benefit Group Inc. purchased a new stake in shares of HubSpot during the 3rd quarter worth $25,000. Goodman Advisory Group LLC acquired a new position in shares of HubSpot during the second quarter worth $27,000. Whittier Trust Co. grew its stake in shares of HubSpot by 136.4% during the second quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock worth $29,000 after purchasing an additional 30 shares in the last quarter. Finally, Exane Asset Management purchased a new position in HubSpot in the third quarter valued at $30,000. 90.39% of the stock is owned by institutional investors and hedge funds.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.