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

HubSpot (NYSE:HUBS) had its price target raised by analysts at Wells Fargo & Company from $810.00 to $835.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the software maker’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 8.55% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Bank of America raised their target price on shares of HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. The Goldman Sachs Group raised their target price on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Stifel Nicolaus increased their price objective on shares of HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Royal Bank of Canada raised their target price on shares of HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Jefferies Financial Group raised their target price on HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a research report on Monday. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $732.88.

HubSpot Price Performance

NYSE HUBS traded up $4.29 on Tuesday, hitting $769.21. The company had a trading volume of 15,042 shares, compared to its average volume of 422,930. The company’s fifty day moving average price is $724.40 and its 200-day moving average price is $602.09. The company has a market capitalization of $39.71 billion, a PE ratio of -2,848.22, a PEG ratio of 44.02 and a beta of 1.72. HubSpot has a 12-month low of $434.84 and a 12-month high of $811.79.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same quarter last year, the firm earned ($0.04) EPS. The business’s revenue was up 20.1% compared to the same quarter last year. On average, sell-side analysts anticipate that HubSpot will post 0.42 EPS for the current year.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now owns 61,179 shares in the company, valued at $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total value of $18,497,250.00. Following the completion of the sale, the chief technology officer now directly owns 1,272,077 shares of the company’s stock, valued at $941,197,051.53. The trade was a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 78,066 shares of company stock valued at $54,900,427. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Several institutional investors and hedge funds have recently bought and sold shares of HUBS. Wilmington Savings Fund Society FSB purchased a new stake in shares of HubSpot during the third quarter worth $25,000. MassMutual Private Wealth & Trust FSB increased its stake in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after acquiring an additional 19 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in shares of HubSpot in the fourth quarter worth approximately $35,000. HM Payson & Co. lifted its position in HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares during the last quarter. Finally, Friedenthal Financial purchased a new stake in shares of HubSpot during the 4th quarter valued at $50,000. 90.39% of the stock is owned by institutional investors.

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.