Analysts Set HubSpot, Inc. (NYSE:HUBS) PT at $603.07

Shares of HubSpot, Inc. (NYSE:HUBS) have received an average recommendation of “Moderate Buy” from the thirty-three analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, twenty-nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $603.0667.

A number of equities analysts have recently commented on the stock. Needham & Company LLC reduced their target price on shares of HubSpot from $900.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Rothschild Redb cut HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. JPMorgan Chase & Co. reduced their price objective on HubSpot from $675.00 to $650.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Jefferies Financial Group lowered their target price on HubSpot from $650.00 to $560.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Finally, Piper Sandler dropped their price target on HubSpot from $675.00 to $590.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th.

Insider Transactions at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $366.99, for a total value of $3,119,415.00. Following the completion of the sale, the director owned 496,308 shares in the company, valued at approximately $182,140,072.92. The trade was a 1.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 17,235 shares of company stock worth $6,364,276. 4.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HubSpot

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Jennison Associates LLC raised its stake in shares of HubSpot by 548.6% in the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock worth $442,341,000 after purchasing an additional 672,158 shares during the last quarter. Norges Bank purchased a new position in HubSpot during the 2nd quarter worth approximately $269,941,000. Vanguard Group Inc. lifted its stake in HubSpot by 6.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock valued at $2,683,659,000 after acquiring an additional 345,524 shares during the period. AQR Capital Management LLC lifted its stake in HubSpot by 89.2% during the 3rd quarter. AQR Capital Management LLC now owns 546,436 shares of the software maker’s stock valued at $255,623,000 after acquiring an additional 257,577 shares during the period. Finally, Atreides Management LP purchased a new stake in shares of HubSpot in the 3rd quarter valued at $113,878,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Stock Down 2.2%

Shares of HubSpot stock opened at $304.98 on Friday. The stock’s fifty day moving average is $375.00 and its two-hundred day moving average is $445.99. HubSpot has a 52 week low of $302.00 and a 52 week high of $881.13. The company has a market capitalization of $15.98 billion, a PE ratio of -3,812.29, a price-to-earnings-growth ratio of 7.38 and a beta of 1.46.

HubSpot (NYSE:HUBS) last issued its earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.08. The firm had revenue of $809.52 million during the quarter, compared to analyst estimates of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The business’s revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.18 earnings per share. As a group, research analysts anticipate that HubSpot will post 1.01 earnings per share for the current year.

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.