HubSpot (NYSE:HUBS) Price Target Raised to $775.00

HubSpot (NYSE:HUBS) had its target price raised by Mizuho from $725.00 to $775.00 in a report published on Friday,Benzinga reports. The firm currently has an outperform rating on the software maker’s stock.

Several other brokerages have also weighed in on HUBS. Stifel Nicolaus boosted their price objective on HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a report on Monday, December 9th. Wells Fargo & Company boosted their price target on HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. raised their price objective on HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Oppenheimer boosted their target price on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Evercore ISI raised their price target on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, HubSpot currently has an average rating of “Moderate Buy” and a consensus target price of $689.95.

HubSpot Stock Down 1.7 %

HUBS opened at $721.86 on Friday. The firm’s 50 day moving average is $637.78 and its 200-day moving average is $564.11. HubSpot has a 52-week low of $434.84 and a 52-week high of $762.47. The firm has a market capitalization of $37.26 billion, a P/E ratio of -2,673.46, a P/E/G ratio of 88.26 and a beta of 1.70.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping the consensus estimate of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. The company’s revenue was up 20.1% compared to the same quarter last year. Equities analysts expect that HubSpot will post 0.4 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 1,507 shares of HubSpot stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $792,440.88. Following the transaction, the chief executive officer now directly owns 62,668 shares of the company’s stock, valued at $32,953,341.12. The trade was a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the transaction, the chief technology officer now owns 1,323,145 shares of the company’s stock, valued at approximately $889,973,789.90. This trade represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,390 shares of company stock worth $29,126,596 in the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

A number of institutional investors have recently bought and sold shares of the stock. Oddo BHF Asset Management Sas purchased a new stake in HubSpot in the 3rd quarter worth approximately $740,000. Wilmington Savings Fund Society FSB bought a new stake in HubSpot in the third quarter valued at $25,000. Coldstream Capital Management Inc. raised its position in HubSpot by 40.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 783 shares of the software maker’s stock worth $433,000 after purchasing an additional 227 shares during the last quarter. Synergy Financial Group LTD lifted its holdings in HubSpot by 14.2% in the third quarter. Synergy Financial Group LTD now owns 933 shares of the software maker’s stock valued at $496,000 after buying an additional 116 shares during the period. Finally, Geode Capital Management LLC grew its holdings in HubSpot by 2.5% during the third quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock valued at $435,184,000 after purchasing an additional 19,974 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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.