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

HubSpot (NYSE:HUBS) had its price objective increased by investment analysts at Barclays from $500.00 to $650.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the software maker’s stock. Barclays‘s price objective points to a potential downside of 1.00% from the company’s current price.

HUBS has been the topic of a number of other research reports. Evercore ISI raised their price objective on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday. Raymond James cut their price objective on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Oppenheimer increased their target price on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research report on Thursday. Bank of America cut their price target on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, KeyCorp upgraded HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price objective for the company in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $666.26.

HubSpot Stock Up 1.9 %

Shares of NYSE:HUBS opened at $656.56 on Friday. The business’s 50 day moving average is $535.45 and its 200 day moving average is $546.83. The stock has a market cap of $33.89 billion, a P/E ratio of -2,431.70, a price-to-earnings-growth ratio of 7,948.12 and a beta of 1.63. HubSpot has a 52-week low of $413.07 and a 52-week high of $693.85.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. The company had revenue of $637.20 million during the quarter, compared to analyst estimates of $619.28 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.22%. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.17) earnings per share.

Insiders Place Their Bets

In related news, CFO Kathryn Bueker sold 1,804 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total transaction of $992,200.00. Following the sale, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at approximately $22,692,450. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other HubSpot news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. This trade represents a 0.00 % 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, CFO Kathryn Bueker sold 1,804 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The shares were 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 owns 41,259 shares of the company’s stock, valued at $22,692,450. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,937 shares of company stock worth $3,194,673. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several institutional investors have recently bought and sold shares of the company. HM Payson & Co. lifted its stake in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after buying an additional 18 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its position in HubSpot by 19.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock worth $91,000 after buying an additional 25 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in HubSpot by 3.0% during the third quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock worth $494,000 after buying an additional 27 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in HubSpot by 2.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker’s stock valued at $698,000 after buying an additional 30 shares in the last quarter. Finally, Quent Capital LLC raised its holdings in shares of HubSpot by 13.0% during the 2nd quarter. Quent Capital LLC now owns 261 shares of the software maker’s stock worth $154,000 after acquiring an additional 30 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.