HubSpot, Inc. (NYSE:HUBS – Get Free Report)’s share price reached a new 52-week high during trading on Thursday after Scotiabank raised their price target on the stock from $825.00 to $900.00. Scotiabank currently has a sector outperform rating on the stock. HubSpot traded as high as $830.00 and last traded at $837.11, with a volume of 17901 shares. The stock had previously closed at $785.50.
A number of other equities analysts have also commented on HUBS. Canaccord Genuity Group lifted their price objective on HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley boosted their price target on HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a research note on Thursday. Mizuho boosted their price target on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Citigroup boosted their price target on HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Wells Fargo & Company boosted their price target on HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $857.75.
Get Our Latest Research Report on HubSpot
Insiders Place Their Bets
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of HubSpot during the 3rd quarter valued at $25,000. Larson Financial Group LLC lifted its position in shares of HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after buying an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of HubSpot by 73.1% during the 4th 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 during the last quarter. Aster Capital Management DIFC Ltd lifted its position in shares of HubSpot by 213.3% during the 4th 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 during the last quarter. Finally, Bank of Jackson Hole Trust purchased a new position in shares of HubSpot during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.
HubSpot Trading Up 4.3 %
The business has a 50-day moving average price of $732.48 and a 200 day moving average price of $617.71. The stock has a market cap of $42.30 billion, a PE ratio of -3,034.57, a PEG ratio of 43.94 and a beta of 1.72.
HubSpot (NYSE:HUBS – Get Free Report) last issued its quarterly earnings data 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 return on equity of 1.16% and a negative net margin of 0.56%. On average, equities analysts predict that HubSpot, Inc. will post 0.42 earnings per share for the current year.
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.
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