HubSpot (NYSE:HUBS) Price Target Raised to $900.00

HubSpot (NYSE:HUBS) had its price objective increased by Jefferies Financial Group from $860.00 to $900.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

A number of other brokerages have also recently issued reports on HUBS. UBS Group cut shares of HubSpot from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th. Canaccord Genuity Group lifted their price target on HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Barclays increased their price objective on HubSpot from $650.00 to $725.00 and gave the stock an “equal weight” rating in a research note on Monday, January 27th. Mizuho upped their price target on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Oppenheimer raised their price objective on HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $732.88.

HubSpot Trading Up 2.1 %

HUBS opened at $779.58 on Monday. The company has a market cap of $40.24 billion, a P/E ratio of -2,887.24, a price-to-earnings-growth ratio of 44.02 and a beta of 1.72. The company has a fifty day moving average price of $725.78 and a two-hundred day moving average price of $606.10. HubSpot has a 1-year low of $434.84 and a 1-year high of $811.79.

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

Insider Buying and Selling

In related news, CFO Kathryn Bueker sold 4,381 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $3,066,700.00. Following the completion of the transaction, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at approximately $28,881,300. This trade represents a 9.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the transaction, the chief executive officer now owns 61,179 shares of the company’s stock, valued at $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,066 shares of company stock valued at $54,900,427. 4.50% of the stock is owned by insiders.

Hedge Funds Weigh In On HubSpot

A number of large investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. lifted its holdings in HubSpot by 2.4% during the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock worth $445,000 after purchasing an additional 15 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of HubSpot by 0.5% in the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock worth $2,271,000 after buying an additional 16 shares in the last quarter. Avitas Wealth Management LLC boosted its position in shares of HubSpot by 0.8% in the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock valued at $1,420,000 after acquiring an additional 17 shares during the period. Principal Securities Inc. boosted its position in shares of HubSpot by 17.2% in the fourth quarter. Principal Securities Inc. now owns 116 shares of the software maker’s stock valued at $81,000 after acquiring an additional 17 shares during the period. Finally, HM Payson & Co. increased its holdings in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after acquiring an additional 18 shares during the period. 90.39% of the stock is owned by institutional investors.

HubSpot Company Profile

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.