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

HubSpot (NYSE:HUBS) had its target price increased by Stifel Nicolaus from $880.00 to $925.00 in a research note released on Thursday morning,Benzinga reports. They currently have a buy rating on the software maker’s stock.

Several other equities research analysts have also weighed in on HUBS. Barclays upped their price objective on HubSpot from $725.00 to $815.00 and gave the company an “equal weight” rating in a research note on Thursday. TD Cowen lowered HubSpot from a “buy” rating to a “hold” rating and upped their price objective for the company from $680.00 to $725.00 in a research note on Friday, January 17th. Oppenheimer upped their price objective on HubSpot from $850.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday. Citigroup upped their price objective on HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Morgan Stanley upped their price objective on HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $857.75.

HubSpot Stock Up 4.3 %

Shares of HUBS opened at $819.36 on Thursday. HubSpot has a 12-month low of $434.84 and a 12-month high of $881.13. The firm has a market capitalization of $42.30 billion, a price-to-earnings ratio of -3,034.57, a P/E/G ratio of 43.94 and a beta of 1.72. The stock’s 50-day moving average price is $732.48 and its 200 day moving average price is $617.71.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. Equities research analysts expect that HubSpot will post 0.42 EPS for the current year.

Insiders Place Their Bets

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 513,698 shares in the company, valued at $339,857,459.82. This trade represents a 1.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total value of $16,815,500.00. Following the completion of the transaction, the chief technology officer now owns 1,323,145 shares in the company, valued at $889,973,789.90. This represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,112 shares of company stock valued at $51,432,627. 4.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HUBS. Creative Planning boosted its position in shares of HubSpot by 10.7% in the 3rd quarter. Creative Planning now owns 6,706 shares of the software maker’s stock worth $3,565,000 after purchasing an additional 650 shares during the last quarter. Swedbank AB boosted its position in shares of HubSpot by 1.7% in the 3rd quarter. Swedbank AB now owns 26,361 shares of the software maker’s stock worth $14,014,000 after purchasing an additional 441 shares during the last quarter. Wolff Wiese Magana LLC boosted its position in shares of HubSpot by 19.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 395 shares of the software maker’s stock worth $210,000 after purchasing an additional 64 shares during the last quarter. Harbour Capital Advisors LLC raised its stake in HubSpot by 1.1% during the 3rd quarter. Harbour Capital Advisors LLC now owns 8,397 shares of the software maker’s stock worth $4,543,000 after buying an additional 88 shares during the period. Finally, V Square Quantitative Management LLC raised its stake in HubSpot by 3.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock worth $494,000 after buying an additional 27 shares during the period. 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.