HubSpot (NYSE:HUBS) Stock Price Expected to Rise, Raymond James Analyst Says

HubSpot (NYSE:HUBS) had its target price lifted by Raymond James from $750.00 to $980.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the software maker’s stock. Raymond James’ price target suggests a potential upside of 20.62% from the company’s current price.

Several other equities analysts have also recently issued reports on the company. Piper Sandler boosted their target price on HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a research note on Thursday. Citigroup boosted their target price on HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday. TD Cowen cut HubSpot from a “buy” rating to a “hold” rating and boosted their target price for the company from $680.00 to $725.00 in a research note on Friday, January 17th. Wells Fargo & Company boosted their target price on HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Stifel Nicolaus boosted their target price on HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $857.75.

HubSpot Price Performance

Shares of HubSpot stock opened at $812.44 on Thursday. The business’s 50 day simple moving average is $734.12 and its two-hundred day simple moving average is $619.11. The stock has a market capitalization of $41.94 billion, a P/E ratio of -3,008.92, a price-to-earnings-growth ratio of 43.94 and a beta of 1.72. HubSpot has a one year low of $434.84 and a one year high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 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%. Sell-side analysts expect that HubSpot will post 0.42 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

In related news, CFO Kathryn Bueker sold 1,796 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the sale, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at $27,053,310.40. This trade represents a 4.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Yamini Rangan sold 3,057 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 $2,144,760.63. Following the sale, the chief executive officer now directly owns 54,079 shares in the company, valued at $37,941,285.61. This trade represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,112 shares of company stock valued at $51,432,627. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Institutional investors have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV boosted its position in HubSpot by 28.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,087 shares of the software maker’s stock worth $1,454,000 after purchasing an additional 463 shares during the last quarter. Comerica Bank boosted its position in HubSpot by 3.7% in the fourth quarter. Comerica Bank now owns 13,886 shares of the software maker’s stock worth $9,675,000 after purchasing an additional 501 shares during the last quarter. AQR Capital Management LLC boosted its position in HubSpot by 19.2% in the fourth quarter. AQR Capital Management LLC now owns 208,237 shares of the software maker’s stock worth $145,094,000 after purchasing an additional 33,566 shares during the last quarter. Lido Advisors LLC boosted its position in HubSpot by 78.8% in the fourth quarter. Lido Advisors LLC now owns 1,976 shares of the software maker’s stock worth $1,377,000 after purchasing an additional 871 shares during the last quarter. Finally, Northern Trust Corp boosted its position in HubSpot by 18.0% in the fourth quarter. Northern Trust Corp now owns 345,535 shares of the software maker’s stock worth $240,758,000 after purchasing an additional 52,792 shares during the last quarter. 90.39% of the stock is 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.