HubSpot (NYSE:HUBS) Price Target Raised to $825.00

HubSpot (NYSE:HUBS) had its price target upped by equities research analysts at Royal Bank of Canada from $750.00 to $825.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the software maker’s stock. Royal Bank of Canada’s price objective points to a potential upside of 18.78% from the stock’s previous close.

A number of other equities analysts have also commented on HUBS. Barclays raised their price objective on shares of HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Stifel Nicolaus lifted their price objective on HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Truist Financial restated a “buy” rating and issued a $750.00 target price (up from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Oppenheimer lifted their price target on HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their target price 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. Four research 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $705.64.

HubSpot Trading Down 0.4 %

Shares of NYSE:HUBS traded down $2.86 during mid-day trading on Friday, reaching $694.57. The company had a trading volume of 150,556 shares, compared to its average volume of 210,703. The firm has a market cap of $35.86 billion, a price-to-earnings ratio of -2,572.39, a PEG ratio of 87.75 and a beta of 1.70. The company’s 50-day moving average price is $686.36 and its 200-day moving average price is $576.04. HubSpot has a one year low of $434.84 and a one year high of $762.47.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The business had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. HubSpot’s revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.04) EPS. On average, research analysts anticipate that HubSpot will post 0.4 EPS for the current fiscal year.

Insider Activity

In other HubSpot news, CFO Kathryn Bueker sold 1,804 shares of the business’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $992,200.00. Following the sale, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at approximately $22,692,450. The trade was a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lorrie M. Norrington sold 572 shares of the stock in a transaction on Friday, December 27th. The shares were sold at an average price of $721.60, for a total value of $412,755.20. Following the sale, the director now directly owns 1,125 shares in the company, valued at $811,800. This trade represents a 33.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,391 shares of company stock worth $53,243,511. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of HubSpot in the third quarter valued at about $25,000. International Assets Investment Management LLC purchased a new position in HubSpot during the second quarter valued at $35,000. HM Payson & Co. grew its stake in HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after acquiring an additional 18 shares in the last quarter. Crewe Advisors LLC grew its position in shares of HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after purchasing an additional 28 shares in the last quarter. Finally, True Wealth Design LLC bought a new stake in shares of HubSpot in the third quarter worth about $62,000. 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.