HubSpot, Inc. (NYSE:HUBS) Receives $708.36 Average Target Price from Analysts

HubSpot, Inc. (NYSE:HUBS) has earned a consensus rating of “Moderate Buy” from the twenty-three brokerages that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $714.05.

A number of research analysts have weighed in on the company. Scotiabank upped their target price on HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a report on Wednesday. Wells Fargo & Company increased their price objective on HubSpot from $750.00 to $810.00 and gave the stock an “overweight” rating in a report on Tuesday. Mizuho boosted their target price on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Truist Financial reiterated a “buy” rating and issued a $750.00 price target (up from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Finally, The Goldman Sachs Group boosted their price objective on shares of HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th.

HubSpot Stock Performance

Shares of HubSpot stock opened at $703.23 on Wednesday. HubSpot has a 52-week low of $434.84 and a 52-week high of $762.47. The company has a fifty day moving average of $703.63 and a 200-day moving average of $581.79. The stock has a market capitalization of $36.30 billion, a price-to-earnings ratio of -2,604.46, a price-to-earnings-growth ratio of 87.75 and a beta of 1.70.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, equities research analysts forecast that HubSpot will post 0.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total value of $16,815,500.00. Following the sale, the chief technology officer now directly owns 1,323,145 shares in the company, valued at $889,973,789.90. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the completion of the transaction, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. The trade was a 1.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 78,066 shares of company stock worth $54,900,427. 4.50% of the stock is owned by insiders.

Institutional Trading of HubSpot

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. National Bank of Canada FI increased its stake in HubSpot by 23.2% in the 2nd quarter. National Bank of Canada FI now owns 239 shares of the software maker’s stock worth $142,000 after buying an additional 45 shares during the period. Private Advisor Group LLC raised its stake in shares of HubSpot by 4.3% during the second quarter. Private Advisor Group LLC now owns 1,352 shares of the software maker’s stock valued at $797,000 after acquiring an additional 56 shares in the last quarter. Candriam S.C.A. raised its stake in shares of HubSpot by 4.4% during the second quarter. Candriam S.C.A. now owns 3,183 shares of the software maker’s stock valued at $1,877,000 after acquiring an additional 133 shares in the last quarter. Asset Dedication LLC bought a new position in HubSpot in the second quarter worth approximately $70,000. Finally, Acadian Asset Management LLC increased its holdings in HubSpot by 138.2% during the 2nd quarter. Acadian Asset Management LLC now owns 2,091 shares of the software maker’s stock worth $1,232,000 after purchasing an additional 1,213 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.