HubSpot, Inc. (NYSE:HUBS) Receives $454.20 Consensus Target Price from Analysts

HubSpot, Inc. (NYSE:HUBS) has received a consensus recommendation of “Moderate Buy” from the thirty-one research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, twenty-seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $454.20.

A number of analysts have issued reports on HUBS shares. KeyCorp decreased their price target on HubSpot from $400.00 to $340.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Oppenheimer dropped their price objective on HubSpot from $550.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Cantor Fitzgerald raised their target price on HubSpot from $280.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Argus decreased their target price on HubSpot from $650.00 to $525.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Finally, Canaccord Genuity Group set a $485.00 price target on HubSpot in a report on Thursday, February 12th.

HubSpot Trading Down 3.8%

Shares of NYSE:HUBS opened at $259.09 on Monday. HubSpot has a 52 week low of $207.20 and a 52 week high of $682.57. The company’s 50 day moving average is $290.72 and its two-hundred day moving average is $385.54. The company has a market cap of $13.66 billion, a PE ratio of 297.81, a P/E/G ratio of 4.02 and a beta of 1.40.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 11th. The software maker reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.10. The business had revenue of $846.75 million during the quarter, compared to analysts’ expectations of $830.65 million. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.32 EPS. As a group, equities research analysts expect that HubSpot will post 1.01 EPS for the current year.

Insider Activity at HubSpot

In other news, 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 transaction, the insider owned 10,119 shares in the company, valued at approximately $2,408,423.19. This represents a 7.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Brian Halligan sold 8,261 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $253.00, for a total transaction of $2,090,033.00. Following the completion of the transaction, the director directly owned 481,168 shares in the company, valued at $121,735,504. This trade represents a 1.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,691 shares of company stock valued at $8,136,702 in the last 90 days. Insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its stake in HubSpot by 23.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 23,789 shares of the software maker’s stock valued at $11,128,000 after purchasing an additional 4,559 shares during the last quarter. Rakuten Investment Management Inc. purchased a new position in HubSpot in the 3rd quarter valued at about $48,548,000. Nordea Investment Management AB lifted its holdings in HubSpot by 34.9% in the 3rd quarter. Nordea Investment Management AB now owns 21,638 shares of the software maker’s stock valued at $10,148,000 after purchasing an additional 5,595 shares in the last quarter. Triasima Portfolio Management inc. acquired a new stake in shares of HubSpot during the 3rd quarter worth about $2,079,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of HubSpot by 20.8% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 38,924 shares of the software maker’s stock worth $18,209,000 after purchasing an additional 6,709 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Company Profile

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.