HubSpot, Inc. (NYSE:HUBS) Receives $633.69 Average Price Target from Analysts

Shares of HubSpot, Inc. (NYSE:HUBS) have received an average rating of “Moderate Buy” from the twenty-seven analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and twenty-three have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $633.88.

A number of brokerages recently issued reports on HUBS. KeyCorp lowered their price target on shares of HubSpot from $520.00 to $460.00 and set an “underweight” rating on the stock in a report on Friday, July 12th. Piper Sandler decreased their target price on shares of HubSpot from $655.00 to $570.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Needham & Company LLC reissued a “buy” rating and issued a $730.00 price objective on shares of HubSpot in a report on Thursday, May 9th. Scotiabank lifted their price target on shares of HubSpot from $650.00 to $700.00 and gave the company a “sector outperform” rating in a research report on Friday, April 5th. Finally, Barclays decreased their price target on shares of HubSpot from $600.00 to $575.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 2,877 shares of HubSpot stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the completion of the transaction, the chief executive officer now owns 68,037 shares in the company, valued at $40,332,333.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Kathryn Bueker sold 3,937 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $616.51, for a total value of $2,427,199.87. Following the completion of the sale, the chief financial officer now directly owns 45,737 shares in the company, valued at $28,197,317.87. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Yamini Rangan sold 2,877 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the transaction, the chief executive officer now directly owns 68,037 shares in the company, valued at approximately $40,332,333.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,491 shares of company stock valued at $26,699,609. 4.50% of the stock is owned by insiders.

Institutional Trading of HubSpot

Several institutional investors have recently made changes to their positions in the stock. Riverview Trust Co purchased a new stake in HubSpot during the first quarter valued at about $27,000. Geneos Wealth Management Inc. lifted its position in HubSpot by 1,125.0% during the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock valued at $31,000 after buying an additional 45 shares in the last quarter. Rakuten Securities Inc. acquired a new position in HubSpot during the fourth quarter valued at approximately $29,000. Venturi Wealth Management LLC grew its stake in HubSpot by 335.7% during the fourth quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock worth $35,000 after buying an additional 47 shares during the period. Finally, Larson Financial Group LLC increased its position in shares of HubSpot by 1,380.0% in the fourth quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock worth $43,000 after acquiring an additional 69 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Stock Performance

HUBS opened at $488.32 on Wednesday. HubSpot has a one year low of $407.23 and a one year high of $693.85. The stock’s 50 day moving average price is $571.14 and its 200-day moving average price is $598.77. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.32.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.26) by $0.27. The business had revenue of $617.41 million during the quarter, compared to analyst estimates of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. On average, sell-side analysts forecast that HubSpot will post -0.44 earnings per share for the current year.

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.