HubSpot (NYSE:HUBS) Price Target Raised to $650.00

HubSpot (NYSE:HUBS) had its target price hoisted by investment analysts at UBS Group from $550.00 to $650.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the software maker’s stock. UBS Group’s price target indicates a potential upside of 0.84% from the stock’s current price.

Several other analysts also recently issued reports on the stock. Raymond James lowered their price objective on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Stifel Nicolaus lifted their price objective on shares of HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $700.00 target price on shares of HubSpot in a research note on Thursday, September 19th. Evercore ISI raised their target price on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research note on Thursday. Finally, Canaccord Genuity Group cut their target price on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and a consensus price target of $635.38.

HubSpot Stock Up 7.8 %

Shares of HUBS stock traded up $46.82 during trading hours on Thursday, hitting $644.61. 466,845 shares of the company were exchanged, compared to its average volume of 586,954. The firm has a market cap of $33.10 billion, a PE ratio of -1,194.50, a PEG ratio of 7,506.16 and a beta of 1.63. HubSpot has a 1 year low of $413.07 and a 1 year high of $693.85. The firm has a fifty day moving average of $529.41 and a 200 day moving average of $545.99.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. During the same period in the prior year, the firm posted ($1.17) EPS. The company’s revenue was up 20.4% on a year-over-year basis.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the transaction, the chief executive officer now owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other HubSpot news, CFO Kathryn Bueker sold 1,804 shares of HubSpot stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $550.00, for a total transaction of $992,200.00. Following the transaction, the chief financial officer now owns 41,259 shares of the company’s stock, valued at $22,692,450. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the transaction, the chief executive officer now directly owns 67,203 shares in the company, valued at approximately $33,009,441.57. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,937 shares of company stock valued at $3,194,673. 4.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HubSpot

Institutional investors have recently made changes to their positions in the company. HM Payson & Co. lifted its holdings in HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in HubSpot by 19.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock worth $91,000 after purchasing an additional 25 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in HubSpot by 3.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock worth $494,000 after purchasing an additional 27 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in HubSpot by 2.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker’s stock worth $698,000 after purchasing an additional 30 shares during the last quarter. Finally, Quent Capital LLC lifted its holdings in HubSpot by 13.0% in the 2nd quarter. Quent Capital LLC now owns 261 shares of the software maker’s stock worth $154,000 after purchasing an additional 30 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.