Morgan Stanley Forecasts Strong Price Appreciation for HubSpot (NYSE:HUBS) Stock

HubSpot (NYSE:HUBS) had its price objective upped by investment analysts at Morgan Stanley from $747.00 to $835.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the software maker’s stock. Morgan Stanley’s price target points to a potential upside of 20.37% from the stock’s previous close.

Several other research firms also recently commented on HUBS. Mizuho upped their price objective on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, December 13th. JPMorgan Chase & Co. upped their price objective on shares of HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their price objective on shares of HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Evercore ISI upped their price objective on shares of HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada increased their price target on shares of HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Four analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and a consensus target price of $719.30.

HubSpot Stock Down 1.5 %

HUBS traded down $10.64 during trading on Monday, hitting $693.72. 64,996 shares of the company traded hands, compared to its average volume of 320,439. The firm has a market cap of $35.81 billion, a P/E ratio of -2,569.24, a price-to-earnings-growth ratio of 87.75 and a beta of 1.70. The stock’s fifty day moving average is $703.63 and its 200 day moving average is $581.86. HubSpot has a one year low of $434.84 and a one year high of $762.47.

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

Insider Buying and Selling at HubSpot

In other news, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total value of $18,497,250.00. Following the transaction, the chief technology officer now owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. This trade represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dawson Alyssa Harvey sold 573 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $401,100.00. Following the completion of the transaction, the insider now owns 7,603 shares in the company, valued at $5,322,100. This represents a 7.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,066 shares of company stock worth $54,900,427 over the last ninety days. Insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. HM Payson & Co. lifted its position 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. Motley Fool Asset Management LLC raised its position in shares of HubSpot by 2.6% in the 3rd quarter. Motley Fool Asset Management LLC now owns 1,028 shares of the software maker’s stock worth $541,000 after purchasing an additional 26 shares during the last quarter. V Square Quantitative Management LLC raised its position in shares of HubSpot by 3.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock worth $494,000 after purchasing an additional 27 shares during the last quarter. Crewe Advisors LLC raised its position in shares of HubSpot by 37.3% in 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 last quarter. Finally, GAMMA Investing LLC raised its position in shares of HubSpot by 16.9% in the 4th quarter. GAMMA Investing LLC now owns 221 shares of the software maker’s stock worth $154,000 after purchasing an additional 32 shares during the last quarter. Hedge funds and other institutional investors 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.