HubSpot (NYSE:HUBS) Price Target Raised to $810.00

HubSpot (NYSE:HUBS) had its price objective raised by Wells Fargo & Company from $750.00 to $810.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the software maker’s stock.

Several other equities research analysts also recently commented on the company. 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. Royal Bank of Canada upped their price objective on shares of HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Canaccord Genuity Group lifted their price objective on shares of HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC restated a “buy” rating and issued a $730.00 target price on shares of HubSpot in a report on Thursday, November 7th. Finally, Oppenheimer lifted their price target on HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $714.05.

HubSpot Stock Performance

HubSpot stock opened at $708.98 on Tuesday. The stock’s 50 day moving average price is $700.87 and its two-hundred day moving average price is $580.89. The stock has a market capitalization of $36.60 billion, a price-to-earnings ratio of -2,625.75, a PEG ratio of 87.75 and a beta of 1.70. HubSpot has a 52-week low of $434.84 and a 52-week high of $762.47.

HubSpot (NYSE:HUBS) last posted 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 during the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the company posted ($0.04) earnings per share. On average, equities research analysts forecast that HubSpot will post 0.4 EPS for the current year.

Insider Buying and Selling

In related news, CFO Kathryn Bueker sold 1,796 shares of HubSpot stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $1,260,055.64. Following the completion of the sale, the chief financial officer now owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. This trade represents a 4.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 115 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total transaction of $82,085.85. Following the sale, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,066 shares of company stock valued at $54,900,427. 4.50% of the stock is owned by company insiders.

Institutional Trading of HubSpot

Hedge funds and other institutional investors have recently modified their holdings of the business. Fulton Bank N.A. grew its stake in HubSpot by 7.9% in the 4th quarter. Fulton Bank N.A. now owns 1,005 shares of the software maker’s stock valued at $700,000 after buying an additional 74 shares in the last quarter. Diversified Trust Co boosted its holdings in shares of HubSpot by 103.8% in the fourth quarter. Diversified Trust Co now owns 1,300 shares of the software maker’s stock worth $906,000 after acquiring an additional 662 shares during the period. Nordea Investment Management AB grew its position in shares of HubSpot by 7.7% in the fourth quarter. Nordea Investment Management AB now owns 4,268 shares of the software maker’s stock valued at $2,987,000 after purchasing an additional 306 shares in the last quarter. Everence Capital Management Inc. bought a new stake in shares of HubSpot during the 4th quarter valued at $1,010,000. Finally, GAMMA Investing LLC lifted its holdings in HubSpot by 16.9% during the 4th quarter. GAMMA Investing LLC now owns 221 shares of the software maker’s stock worth $154,000 after purchasing an additional 32 shares in the last quarter. 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.