HubSpot (NYSE:HUBS) Price Target Raised to $825.00

HubSpot (NYSE:HUBS) had its target price boosted by Royal Bank of Canada from $750.00 to $825.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the software maker’s stock.

HUBS has been the topic of several other research reports. UBS Group raised HubSpot from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. BMO Capital Markets upped their target price on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Stifel Nicolaus raised their price target on HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Wells Fargo & Company raised their target price on HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Bank of America lifted their price objective on shares of HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Four analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $705.64.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $702.85 on Friday. The business’s fifty day moving average price is $689.11 and its two-hundred day moving average price is $577.06. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $762.47. The stock has a market capitalization of $36.28 billion, a price-to-earnings ratio of -2,603.05, a price-to-earnings-growth ratio of 87.75 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 analysts’ consensus estimates of $1.91 by $0.27. The business had revenue of $669.72 million for the quarter, compared to analyst estimates 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. Research analysts expect that HubSpot will post 0.4 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the sale, the insider now owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. This represents a 1.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 1,374 shares of the firm’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total transaction of $755,700.00. Following the completion of the transaction, the chief executive officer now directly owns 61,294 shares of the company’s stock, valued at $33,711,700. This represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,391 shares of company stock worth $53,243,511. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. GDS Wealth Management acquired a new stake in shares of HubSpot during the 3rd quarter worth about $2,149,000. Pallas Capital Advisors LLC acquired a new position in HubSpot during the third quarter valued at approximately $624,000. Icon Wealth Advisors LLC lifted its position in shares of HubSpot by 3,346.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock worth $11,212,000 after buying an additional 20,479 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of HubSpot in the 2nd quarter valued at approximately $3,135,000. Finally, Curi RMB Capital LLC lifted its stake in shares of HubSpot by 15.1% in the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock valued at $3,797,000 after acquiring an additional 937 shares during the last quarter. 90.39% of the stock is currently owned by 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.