HubSpot (NYSE:HUBS) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

HubSpot (NYSE:HUBS) had its price target upped by equities research analysts at Wells Fargo & Company from $750.00 to $810.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the software maker’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 14.25% from the company’s current price.

Several other brokerages have also issued reports on HUBS. Needham & Company LLC reiterated a “buy” rating and issued a $730.00 price target on shares of HubSpot in a research note on Thursday, November 7th. Piper Sandler lowered HubSpot from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $570.00 to $640.00 in a report on Thursday, November 7th. JPMorgan Chase & Co. raised their price target on HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Evercore ISI upped their price objective on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Finally, Oppenheimer raised their target price on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, HubSpot has an average rating of “Moderate Buy” and an average price target of $714.05.

HubSpot Trading Up 1.1 %

HUBS opened at $708.98 on Tuesday. The stock has a market capitalization of $36.60 billion, a P/E ratio of -2,625.75, a P/E/G ratio of 87.75 and a beta of 1.70. HubSpot has a 12 month low of $434.84 and a 12 month high of $762.47. The firm’s fifty day simple moving average is $697.79 and its 200 day simple moving average is $579.99.

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

Insider Buying and Selling at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 4,381 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the completion of the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at $28,881,300. This represents a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the transaction, the chief executive officer now owns 61,179 shares in the company, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,066 shares of company stock valued at $54,900,427 in the last three months. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

Large investors have recently bought and sold shares of the business. GDS Wealth Management bought a new position in shares of HubSpot in the third quarter worth about $2,149,000. Pallas Capital Advisors LLC bought a new position in HubSpot in the 3rd quarter valued at approximately $624,000. Icon Wealth Advisors LLC grew its stake in shares of HubSpot by 3,346.2% during the third quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock worth $11,212,000 after buying an additional 20,479 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of HubSpot during the second quarter worth $3,135,000. Finally, Curi RMB Capital LLC grew its position in HubSpot by 15.1% during the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock worth $3,797,000 after acquiring an additional 937 shares during the last quarter. 90.39% of the stock is 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.