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

HubSpot, Inc. (NYSE:HUBS) has received an average recommendation of “Moderate Buy” from the thirty-one research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $452.70.

Several analysts recently commented on the company. Piper Sandler dropped their price target on HubSpot from $400.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. JPMorgan Chase & Co. dropped their target price on shares of HubSpot from $650.00 to $530.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Sanford C. Bernstein reissued an “outperform” rating on shares of HubSpot in a research note on Thursday, February 12th. Wells Fargo & Company dropped their price objective on shares of HubSpot from $600.00 to $350.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Finally, Evercore set a $500.00 price objective on shares of HubSpot in a report on Thursday, November 6th.

HubSpot Stock Up 1.1%

HUBS opened at $249.93 on Thursday. The company has a market cap of $13.18 billion, a PE ratio of 287.27, a price-to-earnings-growth ratio of 3.67 and a beta of 1.44. HubSpot has a twelve month low of $207.20 and a twelve month high of $803.31. The company has a 50-day moving average price of $329.38 and a 200 day moving average price of $405.83.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 11th. The software maker reported $3.09 EPS for the quarter, topping the consensus estimate of $2.99 by $0.10. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The company had revenue of $846.75 million during the quarter, compared to analyst estimates of $830.65 million. During the same period in the previous year, the business earned $2.32 EPS. HubSpot’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, 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, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction on 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 transaction, the director owned 487,344 shares of the company’s stock, valued at approximately $147,850,422.72. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Erika Ashley Fisher sold 841 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total value of $200,166.41. Following the completion of the sale, the insider owned 10,119 shares of the company’s stock, valued at approximately $2,408,423.19. The trade was a 7.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 18,430 shares of company stock worth $6,046,669. 4.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HubSpot

Several hedge funds and other institutional investors have recently bought and sold shares of HUBS. Price T Rowe Associates Inc. MD grew its stake in shares of HubSpot by 36.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,581,922 shares of the software maker’s stock valued at $1,838,727,000 after buying an additional 1,224,424 shares during the period. Jennison Associates LLC lifted its holdings in HubSpot by 548.6% in the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock valued at $442,341,000 after acquiring an additional 672,158 shares during the last quarter. Capital World Investors purchased a new position in HubSpot in the fourth quarter worth approximately $259,930,000. AQR Capital Management LLC grew its position in HubSpot by 117.6% in the fourth quarter. AQR Capital Management LLC now owns 1,188,981 shares of the software maker’s stock worth $477,138,000 after acquiring an additional 642,545 shares during the period. Finally, Norges Bank acquired a new stake in HubSpot during the second quarter worth $269,941,000. 90.39% of the stock is currently 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.