HubSpot Inc (HUBS) Receives $178.15 Consensus Price Target from Analysts

Shares of HubSpot Inc (NYSE:HUBS) have earned a consensus recommendation of “Buy” from the nineteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $178.15.

A number of brokerages have commented on HUBS. Stephens began coverage on HubSpot in a report on Thursday, January 17th. They set an “overweight” rating and a $191.00 target price on the stock. Oppenheimer reiterated a “market perform” rating on shares of HubSpot in a report on Thursday, January 24th. UBS Group reiterated a “hold” rating on shares of HubSpot in a report on Wednesday, February 13th. Royal Bank of Canada increased their target price on HubSpot to $167.00 and gave the company a “market perform” rating in a report on Wednesday, February 13th. Finally, Canaccord Genuity raised their price objective on HubSpot from $160.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, February 13th.

In other HubSpot news, insider Hunter Madeley sold 1,199 shares of the firm’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 transaction, the insider now directly owns 35,526 shares of the company’s stock, valued at $4,871,680.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel John P. Kelleher sold 972 shares of the firm’s stock in a transaction dated Thursday, January 3rd. The shares were sold at an average price of $122.60, for a total value of $119,167.20. Following the completion of the transaction, the general counsel now directly owns 39,659 shares in the company, valued at $4,862,193.40. The disclosure for this sale can be found here. Insiders sold 56,643 shares of company stock worth $8,576,622 in the last quarter. 9.60% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in HubSpot by 9.8% in the fourth quarter. Geode Capital Management LLC now owns 382,570 shares of the software maker’s stock valued at $48,100,000 after purchasing an additional 34,178 shares during the period. Norges Bank purchased a new position in HubSpot in the fourth quarter valued at about $52,232,000. Dimensional Fund Advisors LP raised its position in HubSpot by 17.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 73,066 shares of the software maker’s stock valued at $9,186,000 after purchasing an additional 11,076 shares during the period. Nordea Investment Management AB raised its position in HubSpot by 7.6% in the fourth quarter. Nordea Investment Management AB now owns 33,292 shares of the software maker’s stock valued at $4,186,000 after purchasing an additional 2,364 shares during the period. Finally, Executive Wealth Management LLC purchased a new position in HubSpot in the fourth quarter valued at about $26,000. 95.68% of the stock is currently owned by institutional investors.

Shares of NYSE:HUBS opened at $166.05 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.01 and a quick ratio of 3.01. HubSpot has a one year low of $101.45 and a one year high of $180.00.

HubSpot (NYSE:HUBS) last announced its earnings results on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.54. The firm had revenue of $144.02 million for the quarter, compared to analysts’ expectations of $137.48 million. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. HubSpot’s quarterly revenue was up 35.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS. Sell-side analysts expect that HubSpot will post -1.09 earnings per share for the current year.

HubSpot Company Profile

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.

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Analyst Recommendations for HubSpot (NYSE:HUBS)

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