HubSpot, Inc. (NYSE:HUBS) Given Average Recommendation of “Moderate Buy” by Brokerages

Posted by Defense World Staff on May 19th, 2023

HubSpot, Inc. (NYSE:HUBS – Get Rating) has been assigned an average rating of “Moderate Buy” from the twenty-seven research firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $428.04.

A number of equities analysts have commented on HUBS shares. StockNews.com assumed coverage on shares of HubSpot in a report on Thursday. They issued a “hold” rating for the company. Needham & Company LLC upped their price objective on shares of HubSpot from $380.00 to $470.00 and gave the stock a “buy” rating in a research report on Friday, February 17th. 92 Resources reissued a “maintains” rating on shares of HubSpot in a research note on Thursday, May 4th. 888 reiterated a “maintains” rating on shares of HubSpot in a research report on Thursday, May 4th. Finally, Piper Sandler restated an “overweight” rating and issued a $450.00 target price on shares of HubSpot in a research report on Monday, March 6th.

HubSpot Price Performance

HUBS opened at $482.72 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.25 and a current ratio of 2.25. HubSpot has a 52-week low of $245.03 and a 52-week high of $488.73. The stock has a market capitalization of $23.96 billion, a P/E ratio of -164.75 and a beta of 1.61. The company’s 50-day simple moving average is $419.98 and its two-hundred day simple moving average is $355.44.

HubSpot (NYSE:HUBS – Get Rating) last posted its quarterly earnings results on Wednesday, May 3rd. The software maker reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.16. The business had revenue of $501.62 million during the quarter, compared to analyst estimates of $474.55 million. HubSpot had a negative net margin of 7.71% and a negative return on equity of 10.48%. As a group, analysts predict that HubSpot will post -1.8 EPS for the current year.

Insider Buying and Selling

In other news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $392.85, for a total value of $3,339,225.00. Following the completion of the sale, the insider now directly owns 622,766 shares in the company, valued at $244,653,623.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $392.85, for a total transaction of $3,339,225.00. Following the sale, the insider now owns 622,766 shares of the company’s stock, valued at approximately $244,653,623.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathryn Bueker sold 710 shares of the stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $424.80, for a total transaction of $301,608.00. Following the sale, the chief financial officer now owns 41,124 shares of the company’s stock, valued at approximately $17,469,475.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,710 shares of company stock worth $7,233,358. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On HubSpot

A number of large investors have recently modified their holdings of HUBS. Vanguard Group Inc. grew its holdings in HubSpot by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 4,305,744 shares of the software maker’s stock valued at $1,163,068,000 after buying an additional 92,964 shares in the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of HubSpot by 0.6% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,669,218 shares of the software maker’s stock valued at $482,621,000 after purchasing an additional 9,878 shares during the last quarter. Clearbridge Investments LLC boosted its position in HubSpot by 6.1% in the first quarter. Clearbridge Investments LLC now owns 1,454,927 shares of the software maker’s stock valued at $623,800,000 after buying an additional 83,660 shares in the last quarter. Abdiel Capital Advisors LP lifted its stake in shares of HubSpot by 42.5% in the 4th quarter. Abdiel Capital Advisors LP now owns 1,160,876 shares of the software maker’s stock valued at $335,644,000 after acquiring an additional 346,272 shares during the last quarter. Finally, Durable Capital Partners LP grew its holdings in HubSpot by 7.5% during the 4th quarter. Durable Capital Partners LP now owns 986,355 shares of the software maker’s stock worth $285,185,000 after acquiring an additional 68,833 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

About HubSpot

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HubSpot, Inc engages in cloud-based customer relationship management. Its platform includes marketing, sales, service, operations and content management system, as well as other tools, integrations and a native payment solutions. It operates through the following geographical segments: Americas, Europe and Asia Pacific.