Bank of America Forecasts Strong Price Appreciation for HubSpot (NYSE:HUBS) Stock

HubSpot (NYSE:HUBS) had its target price increased by Bank of America from $780.00 to $850.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

HUBS has been the subject of a number of other reports. JPMorgan Chase & Co. upped their price objective on shares of HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Oppenheimer upped their target price on HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Royal Bank of Canada lifted their price target on HubSpot from $700.00 to $750.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Evercore ISI raised their target price on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and an average target price of $702.23.

HubSpot Stock Down 4.7 %

Shares of NYSE:HUBS opened at $707.02 on Monday. The stock has a market cap of $36.50 billion, a price-to-earnings ratio of -2,618.50, a PEG ratio of 88.26 and a beta of 1.70. The business’s 50 day moving average is $649.79 and its 200 day moving average is $567.01. HubSpot has a 12-month low of $434.84 and a 12-month high of $762.47.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.04) EPS. As a group, equities research analysts expect that HubSpot will post 0.4 earnings per share for the current year.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 115 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the sale, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 1,136 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the transaction, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at approximately $21,695,632.56. This represents a 2.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,390 shares of company stock valued at $29,126,596 in the last 90 days. 4.50% of the stock is currently owned by company insiders.

Institutional Trading of HubSpot

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of HubSpot during the 3rd quarter valued at $25,000. International Assets Investment Management LLC bought a new stake in HubSpot during the second quarter valued at $35,000. HM Payson & Co. boosted its stake in 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 buying an additional 18 shares during the period. Crewe Advisors LLC grew its position in HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after buying an additional 63 shares in the last quarter. Finally, True Wealth Design LLC bought a new position in HubSpot in the 3rd quarter worth about $62,000. 90.39% of the stock is currently owned by hedge funds and other 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.