UBS Group Issues Positive Forecast for HubSpot (NYSE:HUBS) Stock Price

HubSpot (NYSE:HUBS) had its target price boosted by stock analysts at UBS Group from $740.00 to $775.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the software maker’s stock. UBS Group’s price target indicates a potential downside of 8.64% from the stock’s current price.

Several other analysts have also recently issued reports on HUBS. Stifel Nicolaus upped their target price on HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company upped their target price on HubSpot from $810.00 to $835.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Piper Sandler upped their target price on HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a report on Thursday. Jefferies Financial Group upped their target price on HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Finally, Scotiabank upped their target price on HubSpot from $700.00 to $825.00 and gave the company a “sector outperform” rating in a report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $815.46.

HubSpot Stock Performance

Shares of HUBS traded up $62.76 during trading hours on Thursday, hitting $848.26. 285,174 shares of the stock were exchanged, compared to its average volume of 452,958. HubSpot has a 12-month low of $434.84 and a 12-month high of $881.13. The company has a market cap of $43.79 billion, a price-to-earnings ratio of -3,142.55, a price-to-earnings-growth ratio of 43.94 and a beta of 1.72. The stock’s 50-day moving average price is $732.48 and its two-hundred day moving average price is $617.71.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. On average, research analysts expect that HubSpot will post 0.42 earnings per share for the current year.

Insider Buying and Selling

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total value of $18,497,250.00. Following the sale, the chief technology officer now owns 1,272,077 shares of the company’s stock, valued at $941,197,051.53. This trade represents a 1.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated 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 directly owns 513,698 shares in the company, valued at $339,857,459.82. This represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,112 shares of company stock valued at $51,432,627. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Hedge funds have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in HubSpot in the 3rd quarter valued at about $25,000. Larson Financial Group LLC raised its position in shares of HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after acquiring an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of HubSpot by 73.1% during 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 in the last quarter. Aster Capital Management DIFC Ltd raised its position in shares of HubSpot by 213.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock worth $33,000 after acquiring an additional 32 shares in the last quarter. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of HubSpot during the 4th quarter worth about $35,000. 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.