Evercore ISI Raises HubSpot (NYSE:HUBS) Price Target to $610.00

HubSpot (NYSE:HUBS) had its price target boosted by Evercore ISI from $550.00 to $610.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has an in-line rating on the software maker’s stock.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $570.00 price target on shares of HubSpot in a research report on Thursday, September 19th. Citigroup dropped their price objective on HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a report on Friday, August 9th. KeyCorp raised HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 target price on the stock in a report on Thursday, August 8th. Piper Sandler restated an “overweight” rating and issued a $570.00 price target on shares of HubSpot in a research report on Thursday, September 19th. Finally, UBS Group cut their price objective on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Four analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $614.33.

HubSpot Price Performance

HUBS opened at $531.87 on Wednesday. The business has a fifty day simple moving average of $515.39 and a 200 day simple moving average of $551.97. HubSpot has a 1 year low of $407.23 and a 1 year high of $693.85. The company has a market capitalization of $27.10 billion, a PE ratio of -200.70, a price-to-earnings-growth ratio of 7,193.98 and a beta of 1.64.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The company had revenue of $637.20 million during the quarter, compared to analysts’ expectations of $619.28 million. During the same quarter in the previous year, the business posted ($1.17) earnings per share. HubSpot’s quarterly revenue was up 20.4% on a year-over-year basis.

Insider Buying and Selling at HubSpot

In other news, insider Dawson Alyssa Harvey sold 384 shares of HubSpot stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the transaction, the insider now owns 9,735 shares in the company, valued at approximately $4,548,484.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other HubSpot news, CEO Yamini Rangan sold 116 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dawson Alyssa Harvey sold 384 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total transaction of $179,416.32. Following the completion of the transaction, the insider now owns 9,735 shares in the company, valued at $4,548,484.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,321 shares of company stock worth $3,374,089. 4.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HubSpot

Large investors have recently modified their holdings of the company. Riverview Trust Co acquired a new stake in HubSpot during the 1st quarter worth about $27,000. Geneos Wealth Management Inc. grew its stake in HubSpot by 1,125.0% during the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after purchasing an additional 45 shares during the period. International Assets Investment Management LLC bought a new stake in HubSpot in the second quarter worth approximately $35,000. Crewe Advisors LLC lifted its stake in HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after buying an additional 63 shares during the period. Finally, Fidelis Capital Partners LLC bought a new position in shares of HubSpot during the 1st quarter worth approximately $50,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.