Analysts Set HubSpot, Inc. (NYSE:HUBS) Price Target at $642.36

HubSpot, Inc. (NYSE:HUBS) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-six brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and twenty-two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $642.36.

Several analysts have weighed in on HUBS shares. Scotiabank boosted their price objective on HubSpot from $650.00 to $700.00 and gave the company a “sector outperform” rating in a research report on Friday, April 5th. Wolfe Research boosted their price objective on shares of HubSpot from $660.00 to $715.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. BMO Capital Markets increased their target price on shares of HubSpot from $540.00 to $710.00 and gave the stock an “outperform” rating in a report on Monday, February 12th. KeyCorp initiated coverage on HubSpot in a report on Thursday, March 21st. They set an “underweight” rating and a $520.00 price target on the stock. Finally, Barclays increased their price objective on HubSpot from $475.00 to $600.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th.

HubSpot Price Performance

Shares of HubSpot stock opened at $600.27 on Friday. The firm has a market capitalization of $30.56 billion, a PE ratio of -169.09 and a beta of 1.57. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.35. HubSpot has a 12 month low of $407.23 and a 12 month high of $693.85. The business’s 50-day moving average price is $628.44 and its 200-day moving average price is $565.26.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.22. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. The firm had revenue of $581.91 million during the quarter, compared to analyst estimates of $557.48 million. Sell-side analysts forecast that HubSpot will post -0.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the sale, the insider now owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the sale, the insider now owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 2,874 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $627.12, for a total transaction of $1,802,342.88. Following the sale, the chief executive officer now directly owns 74,784 shares of the company’s stock, valued at approximately $46,898,542.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,393 shares of company stock valued at $13,421,401. Corporate insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On HubSpot

A number of hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC grew its holdings in HubSpot by 22.0% during the third quarter. Commonwealth Equity Services LLC now owns 17,955 shares of the software maker’s stock valued at $8,843,000 after purchasing an additional 3,237 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of HubSpot by 72.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 2,390 shares of the software maker’s stock valued at $1,177,000 after buying an additional 1,001 shares in the last quarter. Xponance Inc. increased its holdings in HubSpot by 2.7% in the 3rd quarter. Xponance Inc. now owns 6,622 shares of the software maker’s stock worth $3,261,000 after acquiring an additional 174 shares in the last quarter. Dakota Wealth Management raised its stake in HubSpot by 58.9% during the 3rd quarter. Dakota Wealth Management now owns 2,110 shares of the software maker’s stock worth $1,039,000 after acquiring an additional 782 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of HubSpot by 1.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 23,178 shares of the software maker’s stock worth $11,415,000 after purchasing an additional 331 shares during the period. 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.