HubSpot, Inc. (NYSE:HUBS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

HubSpot, Inc. (NYSE:HUBSGet Rating) has received an average recommendation of “Moderate Buy” from the twenty-four analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $400.09.

HUBS has been the subject of several research analyst reports. Wells Fargo & Company cut their target price on shares of HubSpot from $500.00 to $475.00 and set an “overweight” rating for the company in a research note on Monday, October 31st. JPMorgan Chase & Co. cut their target price on shares of HubSpot from $475.00 to $435.00 and set an “overweight” rating for the company in a research note on Thursday, November 3rd. Macquarie began coverage on shares of HubSpot in a research report on Wednesday, November 2nd. They set an “outperform” rating and a $355.00 price objective for the company. Cowen lowered their price objective on shares of HubSpot from $390.00 to $380.00 and set an “outperform” rating for the company in a research report on Thursday, November 3rd. Finally, Oppenheimer lowered shares of HubSpot from an “outperform” rating to a “market perform” rating and set a $375.00 price objective for the company. in a research report on Thursday, November 3rd.

HubSpot Stock Performance

HUBS opened at $289.30 on Friday. The stock has a market capitalization of $14.05 billion, a price-to-earnings ratio of -121.55 and a beta of 1.58. The company has a fifty day moving average of $279.29 and a 200 day moving average of $309.94. HubSpot has a fifty-two week low of $245.03 and a fifty-two week high of $862.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.34 and a current ratio of 2.34.

Insider Activity at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, October 18th. The shares were sold at an average price of $284.70, for a total transaction of $2,419,950.00. Following the completion of the sale, the insider now owns 648,280 shares in the company, valued at approximately $184,565,316. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 25,500 shares of company stock worth $7,429,680 in the last 90 days. 5.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HubSpot

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HUBS. Arizona State Retirement System lifted its holdings in HubSpot by 2.8% during the 1st quarter. Arizona State Retirement System now owns 12,495 shares of the software maker’s stock valued at $5,934,000 after buying an additional 336 shares in the last quarter. abrdn plc increased its position in HubSpot by 18.1% during the 1st quarter. abrdn plc now owns 6,538 shares of the software maker’s stock valued at $3,216,000 after purchasing an additional 1,002 shares during the period. Envestnet Asset Management Inc. increased its position in HubSpot by 73.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 38,623 shares of the software maker’s stock valued at $18,344,000 after purchasing an additional 16,411 shares during the period. Prospera Financial Services Inc purchased a new position in HubSpot during the 1st quarter valued at about $184,000. Finally, Advisor Group Holdings Inc. increased its position in HubSpot by 10.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 5,097 shares of the software maker’s stock valued at $2,331,000 after purchasing an additional 470 shares during the period. Institutional investors own 91.05% of the company’s stock.

About HubSpot

(Get Rating)

HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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Analyst Recommendations for HubSpot (NYSE:HUBS)

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