HubSpot, Inc. (HUBS) Receives $78.85 Average Target Price from Brokerages

HubSpot, Inc. (NYSE:HUBS) has been assigned an average recommendation of “Buy” from the twenty-four analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, twenty-one have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $79.47.

A number of equities analysts have issued reports on the company. BidaskClub upgraded HubSpot from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 2nd. Zacks Investment Research downgraded HubSpot from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Summit Redstone reiterated a “hold” rating on shares of HubSpot in a report on Thursday, August 3rd. UBS AG reiterated an “outperform” rating and issued a $82.00 price objective (up previously from $80.00) on shares of HubSpot in a report on Wednesday, September 27th. Finally, Morgan Stanley increased their price objective on HubSpot from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, July 20th.

In other news, CFO John Kinzer sold 10,000 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $78.75, for a total value of $787,500.00. Following the sale, the chief financial officer now directly owns 85,947 shares of the company’s stock, valued at $6,768,326.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Hunter Madeley sold 1,000 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $84.35, for a total value of $84,350.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,000 shares of company stock worth $4,589,420. Insiders own 12.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of HubSpot by 1.1% during the second quarter. FMR LLC now owns 5,481,280 shares of the software maker’s stock valued at $360,394,000 after buying an additional 59,473 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of HubSpot by 3.9% during the second quarter. Vanguard Group Inc. now owns 2,626,896 shares of the software maker’s stock valued at $172,718,000 after buying an additional 97,869 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of HubSpot by 145.0% during the second quarter. Bank of New York Mellon Corp now owns 2,366,568 shares of the software maker’s stock valued at $155,602,000 after buying an additional 1,400,677 shares during the last quarter. BlackRock Inc. boosted its position in shares of HubSpot by 82,588.5% during the first quarter. BlackRock Inc. now owns 2,130,883 shares of the software maker’s stock valued at $129,025,000 after buying an additional 2,128,306 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of HubSpot by 8.2% during the second quarter. First Trust Advisors LP now owns 861,781 shares of the software maker’s stock valued at $56,662,000 after buying an additional 65,371 shares during the last quarter. 96.08% of the stock is currently owned by institutional investors.

Shares of HubSpot (NYSE:HUBS) traded down 0.12% during mid-day trading on Friday, hitting $84.15. 374,119 shares of the stock traded hands. The stock’s market cap is $3.12 billion. HubSpot has a 52 week low of $44.90 and a 52 week high of $86.90. The firm’s 50-day moving average is $75.16 and its 200-day moving average is $69.79.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, August 2nd. The software maker reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The company had revenue of $89.10 million during the quarter, compared to the consensus estimate of $85.80 million. HubSpot had a negative return on equity of 27.99% and a negative net margin of 13.17%. The firm’s revenue for the quarter was up 37.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) earnings per share. On average, analysts forecast that HubSpot will post $0.09 earnings per share for the current year.

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HubSpot Company Profile

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.

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