HubSpot (NYSE:HUBS) Price Target Raised to $725.00

HubSpot (NYSE:HUBS) had its price target raised by Barclays from $650.00 to $725.00 in a research report sent to investors on Monday,Benzinga reports. Barclays currently has an equal weight rating on the software maker’s stock.

Other research analysts have also recently issued reports about the stock. Truist Financial reissued a “buy” rating and set a $750.00 price objective (up from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Piper Sandler downgraded HubSpot from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $570.00 to $640.00 in a research report on Thursday, November 7th. Bank of America upped their price objective on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Morgan Stanley lifted their price objective on HubSpot from $747.00 to $835.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, BMO Capital Markets upped their target price on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and an average target price of $724.52.

HubSpot Price Performance

NYSE HUBS opened at $779.59 on Monday. The business has a 50 day moving average price of $720.89 and a 200 day moving average price of $595.82. The company has a market capitalization of $40.25 billion, a P/E ratio of -2,887.28, a PEG ratio of 40.57 and a beta of 1.70. HubSpot has a 1-year low of $434.84 and a 1-year high of $811.79.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. During the same quarter last year, the business posted ($0.04) earnings per share. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, research analysts expect that HubSpot will post 0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the sale, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the transaction, the insider now owns 513,698 shares in the company, valued at $339,857,459.82. This trade represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 78,066 shares of company stock worth $54,900,427. Insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

A number of institutional investors and hedge funds have recently modified their holdings of HUBS. MassMutual Private Wealth & Trust FSB grew its position in shares of HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after buying an additional 19 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in HubSpot in the third quarter valued at approximately $25,000. HM Payson & Co. grew its holdings in shares of HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares during the last quarter. Friedenthal Financial acquired a new stake in shares of HubSpot during the 4th quarter worth approximately $50,000. Finally, Crewe Advisors LLC raised its position in shares of HubSpot by 37.3% during the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after purchasing an additional 28 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

About HubSpot

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.