HubSpot (NYSE:HUBS) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

HubSpot (NYSE:HUBS) had its price objective lifted by stock analysts at Needham & Company LLC from $730.00 to $900.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. Needham & Company LLC’s price target indicates a potential upside of 10.78% from the stock’s previous close.

HUBS has been the subject of several other research reports. Truist Financial reaffirmed a “buy” rating and issued a $750.00 target price (up previously from $600.00) on shares of HubSpot in a research report on Friday, November 8th. TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and increased their price target for the company from $680.00 to $725.00 in a report on Friday, January 17th. Stifel Nicolaus increased their price target on HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a report on Monday, December 9th. Piper Sandler increased their price target on HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Oppenheimer upped their price objective on HubSpot from $850.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $857.75.

HubSpot Trading Down 0.9 %

HubSpot stock opened at $812.44 on Thursday. The firm has a market capitalization of $41.94 billion, a P/E ratio of -3,008.92, a PEG ratio of 43.94 and a beta of 1.72. The stock has a fifty day moving average price of $734.12 and a 200 day moving average price of $619.11. HubSpot has a 52 week low of $434.84 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. As a group, equities analysts predict that HubSpot will post 0.42 EPS for the current year.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the completion of the transaction, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kathryn Bueker sold 1,796 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $1,260,055.64. Following the transaction, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. The trade was a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,112 shares of company stock valued at $51,432,627. 4.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

A number of hedge funds have recently modified their holdings of HUBS. Wilmington Savings Fund Society FSB acquired a new position in shares of HubSpot in the 3rd quarter worth $25,000. Larson Financial Group LLC grew its holdings in shares of HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after acquiring an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of HubSpot by 73.1% during the fourth 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 in the last quarter. Coppell Advisory Solutions LLC grew its holdings in shares of HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock valued at $32,000 after buying an additional 22 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd grew its holdings in shares of HubSpot by 213.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock valued at $33,000 after buying an additional 32 shares in the last quarter. 90.39% of the stock is currently 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.