HubSpot (NYSE:HUBS) Price Target Raised to $850.00

HubSpot (NYSE:HUBS) had its price objective boosted by Bank of America from $780.00 to $850.00 in a report released on Monday,Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

Several other brokerages also recently weighed in on HUBS. Oppenheimer upped their price objective on HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Stifel Nicolaus increased their target price on shares of HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a report on Monday, December 9th. JPMorgan Chase & Co. lifted their price target on shares of HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Piper Sandler downgraded shares of HubSpot from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $570.00 to $640.00 in a research note on Thursday, November 7th. Finally, BMO Capital Markets raised their target price on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and a consensus price target of $702.23.

HubSpot Trading Down 4.7 %

Shares of NYSE:HUBS opened at $707.02 on Monday. The firm has a 50 day moving average of $649.79 and a 200-day moving average of $567.01. HubSpot has a 12 month low of $434.84 and a 12 month high of $762.47. The stock has a market capitalization of $36.50 billion, a PE ratio of -2,618.50, a PEG ratio of 88.26 and a beta of 1.70.

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

Insider Transactions at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 1,804 shares of HubSpot stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $992,200.00. Following the completion of the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $22,692,450. The trade was a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 1,507 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 value of $792,440.88. Following the completion of the transaction, the chief executive officer now directly owns 62,668 shares in the company, valued at approximately $32,953,341.12. This trade represents a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,390 shares of company stock worth $29,126,596. Company insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

Several large investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new position in HubSpot during the third quarter worth $25,000. International Assets Investment Management LLC acquired a new position in shares of HubSpot during the second quarter valued at about $35,000. HM Payson & Co. boosted its position in shares of 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 purchasing an additional 18 shares in the last quarter. Crewe Advisors LLC grew its stake in shares of HubSpot by 525.0% in the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after buying an additional 63 shares during the period. Finally, True Wealth Design LLC bought a new stake in HubSpot in the 3rd quarter valued at about $62,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.