HubSpot (NYSE:HUBS) Price Target Raised to $725.00

HubSpot (NYSE:HUBSFree Report) had its target price boosted by Barclays from $650.00 to $725.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an equal weight rating on the software maker’s stock.

A number of other analysts have also weighed in on HUBS. Truist Financial reaffirmed a “buy” rating and issued a $750.00 price target (up from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Morgan Stanley increased their price target on HubSpot from $747.00 to $835.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Royal Bank of Canada boosted their price objective on HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Piper Sandler cut HubSpot from an “overweight” rating to a “neutral” rating and raised their target price for the company from $570.00 to $640.00 in a research note on Thursday, November 7th. Finally, Stifel Nicolaus boosted their price target on shares of HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $724.52.

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HubSpot Trading Down 1.9 %

Shares of NYSE HUBS opened at $779.59 on Monday. HubSpot has a 12-month low of $434.84 and a 12-month high of $811.79. The company has a market cap of $40.25 billion, a PE ratio of -2,887.28, a P/E/G ratio of 40.57 and a beta of 1.70. The stock has a 50 day simple moving average of $720.89 and a 200-day simple moving average of $595.82.

HubSpot (NYSE:HUBSGet Free Report) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. During the same quarter in the prior year, the business posted ($0.04) earnings per share. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. Sell-side analysts forecast that HubSpot will post 0.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, CFO Kathryn Bueker sold 1,796 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $1,260,055.64. Following the completion of the sale, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at $27,053,310.40. The trade was a 4.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Yamini Rangan sold 3,057 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the transaction, the chief executive officer now owns 54,079 shares in the company, valued at $37,941,285.61. This represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,066 shares of company stock worth $54,900,427 in the last quarter. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

Several hedge funds have recently bought and sold shares of the business. Avestar Capital LLC acquired a new position in shares of HubSpot during the 4th quarter valued at about $226,000. Legato Capital Management LLC acquired a new position in HubSpot during the fourth quarter valued at approximately $1,951,000. Certuity LLC bought a new position in shares of HubSpot in the fourth quarter valued at approximately $227,000. Peterson Wealth Services lifted its stake in shares of HubSpot by 6.1% in the fourth quarter. Peterson Wealth Services now owns 1,577 shares of the software maker’s stock worth $1,099,000 after buying an additional 90 shares during the last quarter. Finally, First National Corp MA ADV bought a new stake in shares of HubSpot during the 4th quarter worth $240,000. 90.39% of the stock is owned by institutional investors and hedge funds.

About HubSpot

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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.

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