HubSpot Inc (HUBS) Receives $151.29 Average Price Target from Analysts

HubSpot Inc (NYSE:HUBS) has been assigned an average recommendation of “Buy” from the twenty brokerages that are covering the firm, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $151.29.

HUBS has been the topic of a number of research reports. Zacks Investment Research raised HubSpot from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Wednesday, November 14th. Bank of America increased their price objective on HubSpot to $160.00 and gave the company a “buy” rating in a report on Wednesday, October 17th. Rosenblatt Securities initiated coverage on HubSpot in a report on Thursday, October 4th. They issued a “buy” rating and a $170.00 price objective on the stock. UBS Group initiated coverage on HubSpot in a report on Thursday, October 4th. They issued a “buy” rating on the stock. Finally, Jefferies Financial Group initiated coverage on HubSpot in a report on Tuesday, October 2nd. They issued a “buy” rating and a $182.00 price objective on the stock.

NYSE:HUBS traded up $1.93 during mid-day trading on Friday, hitting $148.49. 316 shares of the company’s stock traded hands, compared to its average volume of 514,709. HubSpot has a twelve month low of $85.65 and a twelve month high of $162.20. The firm has a market capitalization of $5.89 billion, a P/E ratio of -145.46 and a beta of 1.80. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.15 and a quick ratio of 3.15.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 7th. The software maker reported ($0.32) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.37). HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. The business had revenue of $131.83 million for the quarter, compared to analyst estimates of $126.65 million. During the same period in the prior year, the company earned $0.03 earnings per share. The company’s quarterly revenue was up 34.9% on a year-over-year basis. On average, analysts expect that HubSpot will post -0.97 EPS for the current year.

In other news, General Counsel John P. Kelleher sold 508 shares of the company’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $140.95, for a total value of $71,602.60. Following the sale, the general counsel now owns 37,460 shares in the company, valued at $5,279,987. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Hunter Madeley sold 1,199 shares of the company’s stock in a transaction dated Monday, January 14th. The stock was sold at an average price of $137.13, for a total value of $164,418.87. Following the completion of the sale, the insider now owns 35,526 shares in the company, valued at approximately $4,871,680.38. The disclosure for this sale can be found here. Insiders sold 73,884 shares of company stock worth $9,389,695 in the last 90 days. Company insiders own 9.60% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Pendal Group Ltd boosted its stake in shares of HubSpot by 144.1% in the fourth quarter. Pendal Group Ltd now owns 14,786 shares of the software maker’s stock worth $1,859,000 after buying an additional 8,728 shares during the last quarter. Moody Lynn & Lieberson LLC boosted its position in HubSpot by 11.4% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 4,683 shares of the software maker’s stock worth $589,000 after purchasing an additional 480 shares in the last quarter. CWM LLC purchased a new position in HubSpot during the fourth quarter worth approximately $40,000. Fisher Asset Management LLC purchased a new position in HubSpot during the fourth quarter worth approximately $6,666,000. Finally, NJ State Employees Deferred Compensation Plan boosted its position in HubSpot by 100.0% during the fourth quarter. NJ State Employees Deferred Compensation Plan now owns 4,000 shares of the software maker’s stock worth $503,000 after purchasing an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 93.62% 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. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.

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Analyst Recommendations for HubSpot (NYSE:HUBS)

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