Scotiabank Issues Positive Forecast for HubSpot (NYSE:HUBS) Stock Price

HubSpot (NYSE:HUBS) had its target price upped by Scotiabank from $700.00 to $825.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a sector outperform rating on the software maker’s stock.

Several other equities analysts have also recently commented on the stock. Mizuho upped their target price on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. UBS Group upgraded shares of HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Stifel Nicolaus increased their price objective on shares of HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. increased their price objective on shares of HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group increased their price objective on shares of HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $714.05.

HubSpot Trading Up 1.1 %

NYSE HUBS opened at $708.98 on Wednesday. The company has a fifty day simple moving average of $697.79 and a 200 day simple moving average of $579.99. The company has a market cap of $36.60 billion, a P/E ratio of -2,625.75, a P/E/G ratio of 87.75 and a beta of 1.70. HubSpot has a 1 year low of $434.84 and a 1 year high of $762.47.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) 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 net margin of 0.56% and a negative return on equity of 1.16%. HubSpot’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) EPS. Equities research analysts forecast that HubSpot will post 0.4 EPS for the current fiscal year.

Insider Buying and Selling

In other HubSpot news, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction that occurred on 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 owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dawson Alyssa Harvey sold 573 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $401,100.00. Following the completion of the sale, the insider now directly owns 7,603 shares in the company, valued at approximately $5,322,100. This represents a 7.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,066 shares of company stock valued at $54,900,427 in the last 90 days. 4.50% of the stock is owned by insiders.

Institutional Trading of HubSpot

Institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new stake in HubSpot during the third quarter worth $25,000. HM Payson & Co. raised its position in HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after acquiring an additional 18 shares in the last quarter. Crewe Advisors LLC raised its position in HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after acquiring an additional 28 shares in the last quarter. True Wealth Design LLC acquired a new position in shares of HubSpot in the third quarter valued at $62,000. Finally, Truvestments Capital LLC acquired a new position in shares of HubSpot in the third quarter valued at $76,000. 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.