HubSpot Inc (HUBS) Receives Average Recommendation of “Buy” from Analysts

Shares of HubSpot Inc (NYSE:HUBS) have earned an average recommendation of “Buy” from the twenty-one brokerages that are currently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $179.71.

Several brokerages have issued reports on HUBS. Piper Jaffray Companies increased their price objective on shares of HubSpot from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Zacks Investment Research cut HubSpot from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th. Guggenheim reiterated a “buy” rating on shares of HubSpot in a research note on Wednesday, March 20th. Stifel Nicolaus increased their target price on HubSpot from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, February 13th. Finally, Royal Bank of Canada increased their target price on HubSpot to $167.00 and gave the company a “market perform” rating in a research note on Wednesday, February 13th.

NYSE:HUBS traded up $4.70 during trading hours on Friday, hitting $184.36. The stock had a trading volume of 388,952 shares, compared to its average volume of 404,147. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 1.30. HubSpot has a 1-year low of $106.65 and a 1-year high of $186.96. The company has a market capitalization of $7.75 billion, a price-to-earnings ratio of -180.75 and a beta of 1.91.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The company had revenue of $144.02 million during the quarter, compared to the consensus estimate of $137.48 million. During the same quarter last year, the company earned $0.12 earnings per share. HubSpot’s revenue for the quarter was up 35.2% on a year-over-year basis. On average, equities analysts anticipate that HubSpot will post -1.1 earnings per share for the current year.

In related news, CEO Brian Halligan sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $168.73, for a total transaction of $4,218,250.00. Following the transaction, the chief executive officer now directly owns 777,390 shares in the company, valued at $131,169,014.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel John P. Kelleher sold 389 shares of the firm’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $160.54, for a total value of $62,450.06. The disclosure for this sale can be found here. Insiders have sold 89,290 shares of company stock worth $14,924,089 over the last 90 days. 9.60% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ffcm LLC bought a new stake in HubSpot in the fourth quarter valued at $25,000. Executive Wealth Management LLC bought a new stake in HubSpot in the fourth quarter valued at $26,000. Sageworth Trust Co bought a new stake in HubSpot in the first quarter valued at $38,000. CWM LLC bought a new stake in HubSpot in the fourth quarter valued at $40,000. Finally, First Hawaiian Bank bought a new stake in HubSpot in the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

About HubSpot

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company’s software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.