Brokerages Set HubSpot, Inc. (NYSE:HUBS) PT at $672.68

Shares of HubSpot, Inc. (NYSE:HUBS) have been given an average rating of “Moderate Buy” by the twenty-three brokerages that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $672.68.

Several brokerages have recently commented on HUBS. BMO Capital Markets upped their target price on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Canaccord Genuity Group upped their price target on shares of HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Oppenheimer lifted their price objective on shares of HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Barclays lifted their price target on HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Finally, The Goldman Sachs Group increased their price objective on HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th.

Insider Buying and Selling at HubSpot

In related news, CFO Kathryn Bueker sold 1,136 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $597,354.24. Following the completion of the sale, the chief financial officer now owns 41,259 shares in the company, valued at $21,695,632.56. This represents a 2.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now directly owns 67,203 shares in the company, valued at $33,009,441.57. This trade represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,391 shares of company stock worth $29,101,488 over the last 90 days. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several hedge funds have recently modified their holdings of HUBS. International Assets Investment Management LLC acquired a new position in HubSpot during the 2nd quarter valued at $35,000. HM Payson & Co. lifted its stake in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after buying an additional 18 shares during the period. Crewe Advisors LLC grew its position in HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after buying an additional 63 shares in the last quarter. J.Safra Asset Management Corp increased its stake in HubSpot by 690.9% during the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock valued at $51,000 after acquiring an additional 76 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in HubSpot by 41.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock valued at $64,000 after acquiring an additional 32 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

HubSpot Stock Performance

Shares of HUBS stock opened at $742.61 on Tuesday. The stock has a market cap of $38.33 billion, a PE ratio of -2,750.31, a price-to-earnings-growth ratio of 87.52 and a beta of 1.63. The business’s fifty day moving average is $575.54 and its 200-day moving average is $551.49. HubSpot has a 1 year low of $434.84 and a 1 year high of $745.49.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping the consensus estimate of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The firm had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. During the same period in the previous year, the business earned ($0.04) earnings per share. HubSpot’s revenue for the quarter was up 20.1% compared to the same quarter last year. Equities research analysts predict that HubSpot will post 0.4 earnings per share for the current year.

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.