HubSpot (NYSE:HUBS) Price Target Raised to $900.00

HubSpot (NYSE:HUBS) had its price target lifted by analysts at Canaccord Genuity Group from $710.00 to $900.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Canaccord Genuity Group’s target price suggests a potential upside of 14.67% from the stock’s current price.

A number of other research firms have also issued reports on HUBS. Scotiabank upped their target price on HubSpot from $700.00 to $825.00 and gave the company a “sector outperform” rating in a research note on Wednesday, January 8th. Mizuho upped their price objective on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Citigroup increased their price objective on HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley boosted their target price on shares of HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, BMO Capital Markets raised their price target on shares of HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and an average target price of $781.38.

HubSpot Stock Up 0.0 %

NYSE:HUBS opened at $784.84 on Thursday. HubSpot has a 52-week low of $434.84 and a 52-week high of $811.79. The stock has a fifty day simple moving average of $732.48 and a 200-day simple moving average of $617.71. The company has a market capitalization of $40.51 billion, a PE ratio of -2,906.71, a price-to-earnings-growth ratio of 43.94 and a beta of 1.72.

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

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 513,698 shares in the company, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yamini Rangan sold 3,057 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $2,144,760.63. Following the transaction, the chief executive officer now directly owns 54,079 shares in the company, valued at $37,941,285.61. This trade represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,112 shares of company stock valued at $51,432,627. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HUBS. Farther Finance Advisors LLC lifted its holdings in HubSpot by 5.4% in the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock worth $178,000 after buying an additional 13 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of HubSpot by 3.4% during the fourth quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock worth $274,000 after acquiring an additional 13 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of HubSpot by 2.4% in the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock worth $445,000 after acquiring an additional 15 shares in the last quarter. Amalgamated Bank boosted its holdings in HubSpot by 0.5% in the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock valued at $2,271,000 after purchasing an additional 16 shares during the last quarter. Finally, Avitas Wealth Management LLC grew its stake in HubSpot by 0.8% during the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock valued at $1,420,000 after purchasing an additional 17 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.