Analysts Set HubSpot, Inc. (NYSE:HUBS) Target Price at $454.20

Shares of HubSpot, Inc. (NYSE:HUBS) have been assigned an average rating of “Moderate Buy” from the thirty-one brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, twenty-seven have assigned 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 commented on HUBS shares. Weiss Ratings reissued a “sell (e+)” rating on shares of HubSpot in a report on Friday, January 9th. Sanford C. Bernstein restated an “outperform” rating on shares of HubSpot in a report on Thursday, February 12th. Citigroup lifted their target price on HubSpot from $600.00 to $640.00 and gave the company a “buy” rating in a research report on Friday, February 13th. BTIG Research lowered their price target on HubSpot from $500.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Finally, Stifel Nicolaus dropped their price objective on HubSpot from $550.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd.

HubSpot Trading Up 2.5%

Shares of HubSpot stock opened at $264.14 on Monday. The business has a 50-day moving average price of $285.47 and a two-hundred day moving average price of $383.23. HubSpot has a 1-year low of $207.20 and a 1-year high of $682.57. The company has a market cap of $13.93 billion, a P/E ratio of 303.61, a PEG ratio of 3.84 and a beta of 1.40.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. The firm had revenue of $846.75 million for the quarter, compared to analysts’ expectations of $830.65 million. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.32 EPS. Equities research analysts forecast that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Transactions at HubSpot

In related news, Director Brian Halligan sold 8,261 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $253.00, for a total value of $2,090,033.00. Following the transaction, the director owned 481,168 shares in the company, valued at approximately $121,735,504. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Erika Ashley Fisher sold 841 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total transaction of $200,166.41. Following the sale, the insider directly owned 10,119 shares in the company, valued at approximately $2,408,423.19. This trade represents a 7.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 26,691 shares of company stock valued at $8,136,702 in the last 90 days. 4.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HUBS. Goodman Advisory Group LLC bought a new position in shares of HubSpot in the 2nd quarter worth $27,000. Rakuten Securities Inc. lifted its holdings in shares of HubSpot by 783.3% during the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after acquiring an additional 47 shares during the last quarter. Strategic Advocates LLC bought a new stake in shares of HubSpot during the 3rd quarter worth $25,000. Turning Point Benefit Group Inc. purchased a new position in HubSpot in the third quarter worth $25,000. Finally, Osterweis Capital Management Inc. purchased a new position in HubSpot in the second quarter worth $34,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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.