HubSpot (NYSE:HUBS) Price Target Raised to $810.00

HubSpot (NYSE:HUBS) had its target price increased by research analysts at Wells Fargo & Company from $750.00 to $810.00 in a research report issued to clients and 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 15.87% from the stock’s previous close.

HUBS has been the subject of a number of other research reports. BMO Capital Markets raised their target price on HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Piper Sandler downgraded HubSpot from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $570.00 to $640.00 in a report on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on shares of HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Barclays lifted their price objective on shares of HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Finally, Canaccord Genuity Group increased their price objective on shares of HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and an average price target of $708.36.

HubSpot Trading Down 1.2 %

Shares of HUBS stock traded down $8.65 during trading hours on Tuesday, reaching $699.06. 47,431 shares of the company’s stock were exchanged, compared to its average volume of 275,239. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $762.47. The stock’s 50 day moving average is $692.11 and its 200-day moving average is $578.23. The company has a market cap of $36.09 billion, a price-to-earnings ratio of -2,589.02, a P/E/G ratio of 87.75 and a beta of 1.70.

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

Insider Transactions at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 1,374 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $755,700.00. Following the completion of the sale, the chief executive officer now owns 61,294 shares in the company, valued at approximately $33,711,700. This represents a 2.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were 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 of the company’s stock, valued at $339,857,459.82. This trade represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 81,244 shares of company stock valued at $56,648,327 over the last ninety days. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB acquired a new position in shares of HubSpot during the 3rd quarter valued at about $25,000. HM Payson & Co. increased its stake in HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after acquiring an additional 18 shares during the last quarter. Crewe Advisors LLC raised its position in HubSpot by 37.3% in 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 during the period. True Wealth Design LLC acquired a new position in shares of HubSpot in the 3rd quarter valued at $62,000. Finally, Asset Dedication LLC acquired a new stake in shares of HubSpot during the 2nd quarter worth about $70,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.