Jefferies Financial Group Forecasts Strong Price Appreciation for HubSpot (NYSE:HUBS) Stock

HubSpot (NYSE:HUBS) had its price target increased by equities research analysts at Jefferies Financial Group from $860.00 to $900.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the software maker’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 17.61% from the stock’s previous close.

Several other research firms also recently issued reports on HUBS. Truist Financial reaffirmed a “buy” rating and set a $750.00 price target (up previously from $600.00) on shares of HubSpot in a research note on Friday, November 8th. JPMorgan Chase & Co. raised their target price on HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Canaccord Genuity Group lifted their price target on shares of HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Needham & Company LLC reiterated a “buy” rating and set a $730.00 price target on shares of HubSpot in a research note on Thursday, November 7th. Finally, 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 note on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $732.88.

HubSpot Stock Up 0.0 %

Shares of HubSpot stock opened at $765.26 on Monday. The firm’s 50-day moving average price is $725.07 and its two-hundred day moving average price is $604.09. HubSpot has a 12-month low of $434.84 and a 12-month high of $811.79. The company has a market capitalization of $39.50 billion, a price-to-earnings ratio of -2,834.19, a PEG ratio of 44.02 and a beta of 1.72.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.27. The business had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. HubSpot’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.04) EPS. On average, sell-side analysts expect that HubSpot will post 0.42 earnings per share for the current year.

Insider Activity

In other news, CEO Yamini Rangan sold 115 shares of the firm’s 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 transaction, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $339,857,459.82. This trade represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,066 shares of company stock valued at $54,900,427 in the last quarter. 4.50% of the stock is currently owned by company insiders.

Institutional Trading of HubSpot

A number of large investors have recently made changes to their positions in HUBS. GDS Wealth Management purchased a new position in HubSpot during the 3rd quarter worth approximately $2,149,000. Pallas Capital Advisors LLC acquired a new stake in shares of HubSpot in the third quarter valued at about $624,000. Icon Wealth Advisors LLC grew its holdings in HubSpot by 3,346.2% in the third quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock valued at $11,212,000 after purchasing an additional 20,479 shares during the last quarter. Curi RMB Capital LLC raised its position in HubSpot by 15.1% during the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock worth $3,797,000 after acquiring an additional 937 shares during the last quarter. Finally, Advantage Alpha Capital Partners LP grew its holdings in HubSpot by 113.4% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 18,666 shares of the software maker’s stock valued at $9,923,000 after buying an additional 9,919 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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.