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

HubSpot (NYSE:HUBS) had its target price upped by Oppenheimer from $700.00 to $750.00 in a report published on Friday morning,Benzinga reports. They currently have an outperform rating on the software maker’s stock.

Several other research firms also recently weighed in on HUBS. Stephens began coverage on shares of HubSpot in a research note on Wednesday, March 19th. They issued an “overweight” rating and a $769.00 price target for the company. Barclays decreased their target price on shares of HubSpot from $815.00 to $745.00 and set an “overweight” rating for the company in a research report on Friday. Wells Fargo & Company decreased their target price on shares of HubSpot from $940.00 to $700.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. BMO Capital Markets decreased their target price on shares of HubSpot from $885.00 to $745.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Finally, BNP Paribas began coverage on shares of HubSpot in a research report on Tuesday, April 22nd. They set an “outperform” rating and a $700.00 target price for the company. Five research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $772.56.

HubSpot Trading Down 8.8%

HUBS opened at $602.31 on Friday. HubSpot has a 1-year low of $434.84 and a 1-year high of $881.13. The company has a market cap of $31.70 billion, a P/E ratio of 6,693.08, a price-to-earnings-growth ratio of 41.44 and a beta of 1.78. The company has a fifty day moving average price of $584.93 and a two-hundred day moving average price of $668.28.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. On average, research analysts forecast that HubSpot will post 1.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $538.60, for a total value of $4,578,100.00. Following the transaction, the insider now directly owns 525,687 shares in the company, valued at $283,135,018.20. The trade was a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Yamini Rangan sold 680 shares of the business’s stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $600.00, for a total transaction of $408,000.00. Following the completion of the transaction, the chief executive officer now owns 71,693 shares in the company, valued at approximately $43,015,800. The trade was a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,562 shares of company stock valued at $18,401,757. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB purchased a new position in HubSpot in the third quarter valued at about $25,000. Nordea Investment Management AB lifted its stake in shares of HubSpot by 7.7% during the 4th quarter. Nordea Investment Management AB now owns 4,268 shares of the software maker’s stock valued at $2,987,000 after buying an additional 306 shares in the last quarter. Diversified Trust Co lifted its stake in shares of HubSpot by 103.8% during the 4th quarter. Diversified Trust Co now owns 1,300 shares of the software maker’s stock valued at $906,000 after buying an additional 662 shares in the last quarter. Fulton Bank N.A. lifted its stake in shares of HubSpot by 7.9% during 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. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of HubSpot by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,246 shares of the software maker’s stock valued at $2,262,000 after buying an additional 49 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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.