HubSpot Inc (HUBS) Receives Average Rating of “Buy” from Brokerages

HubSpot Inc (NYSE:HUBS) has earned a consensus recommendation of “Buy” from the twenty brokerages that are presently covering the stock. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, fourteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $63.36.

Several analysts recently issued reports on the stock. Zacks Investment Research cut shares of HubSpot from a “hold” rating to a “sell” rating in a research note on Friday, February 17th. Stifel Nicolaus reaffirmed a “buy” rating and set a $64.00 price objective (up previously from $62.00) on shares of HubSpot in a research note on Thursday, February 16th. William Blair reaffirmed an “outperform” rating on shares of HubSpot in a research note on Thursday, February 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $65.00 price objective on shares of HubSpot in a research note on Thursday, February 16th. Finally, Oppenheimer Holdings Inc. set a $70.00 price objective on shares of HubSpot and gave the company a “buy” rating in a research note on Tuesday, February 7th.

In other news, insider Hunter Madeley sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $52.20, for a total value of $52,200.00. Following the transaction, the insider now directly owns 107,213 shares in the company, valued at approximately $5,596,518.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel John P. Kelleher sold 546 shares of the company’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $52.07, for a total transaction of $28,430.22. Following the completion of the transaction, the general counsel now owns 52,920 shares in the company, valued at $2,755,544.40. The disclosure for this sale can be found here. In the last three months, insiders sold 95,928 shares of company stock valued at $5,443,318. Corporate insiders own 18.50% of the company’s stock.

Several institutional investors have recently modified their holdings of HUBS. Solaris Asset Management LLC raised its position in shares of HubSpot by 1.9% in the third quarter. Solaris Asset Management LLC now owns 2,879 shares of the company’s stock valued at $166,000 after buying an additional 54 shares in the last quarter. Brandywine Managers LLC bought a new position in shares of HubSpot during the fourth quarter valued at approximately $251,000. Bayesian Capital Management LP raised its position in shares of HubSpot by 15.3% in the fourth quarter. Bayesian Capital Management LP now owns 5,947 shares of the company’s stock valued at $280,000 after buying an additional 787 shares in the last quarter. Trexquant Investment LP bought a new position in shares of HubSpot during the fourth quarter valued at approximately $282,000. Finally, GSA Capital Partners LLP bought a new position in shares of HubSpot during the fourth quarter valued at approximately $310,000. Hedge funds and other institutional investors own 85.89% of the company’s stock.

Shares of HubSpot (NYSE:HUBS) opened at 64.30 on Thursday. The stock’s 50 day moving average is $58.31 and its 200 day moving average is $54.60. The company’s market cap is $2.33 billion. HubSpot has a 1-year low of $39.01 and a 1-year high of $66.10.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Tuesday, February 14th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.07. HubSpot had a negative net margin of 16.95% and a negative return on equity of 34.53%. The company earned $76.40 million during the quarter, compared to analysts’ expectations of $74.26 million. During the same quarter in the prior year, the company earned ($0.12) EPS. HubSpot’s revenue was up 43.9% compared to the same quarter last year. On average, analysts predict that HubSpot will post ($0.25) 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, which include social media, search engine optimization (SEO), blogging, Website content management, marketing automation, e-mail, customer relationship management (CRM), analytics and reporting.

5 Day Chart for NYSE:HUBS

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