Analysts Set HubSpot, Inc. (NYSE:HUBS) PT at $853.32

HubSpot, Inc. (NYSE:HUBS) has earned a consensus recommendation of “Moderate Buy” from the twenty-eight analysts that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, twenty-two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $848.58.

HUBS has been the topic of a number of analyst reports. TD Cowen cut shares of HubSpot from a “buy” rating to a “hold” rating and upped their price target for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. Barclays upgraded shares of HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 price target on the stock in a report on Wednesday, March 12th. Oppenheimer boosted their price objective on shares of HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Redburn Atlantic began coverage on HubSpot in a research note on Wednesday, February 19th. They set a “buy” rating on the stock. Finally, Morgan Stanley lifted their target price on HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th.

HubSpot Stock Performance

Shares of HUBS opened at $609.02 on Monday. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The firm’s 50-day simple moving average is $710.31 and its two-hundred day simple moving average is $657.69. The stock has a market cap of $31.76 billion, a PE ratio of 6,767.62, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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%. Equities research analysts predict that HubSpot will post 1.01 EPS for the current year.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the transaction, the insider now directly owns 527,233 shares in the company, valued at $320,283,502.84. The trade was a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $2,144,760.63. Following the sale, the chief executive officer now owns 54,079 shares of the company’s stock, valued at $37,941,285.61. This represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,425 shares of company stock worth $15,866,151 over the last three months. 4.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On HubSpot

Several hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new stake in HubSpot in the 3rd quarter worth $25,000. Elequin Capital LP purchased a new stake in shares of HubSpot in the fourth quarter worth about $27,000. Larson Financial Group LLC boosted its stake in HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after buying an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after buying an additional 19 shares in the last quarter. Finally, Coppell Advisory Solutions LLC increased its stake in HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after acquiring an additional 22 shares during the last quarter. Hedge funds and other 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.