Royal Bank of Canada Increases HubSpot (NYSE:HUBS) Price Target to $825.00

HubSpot (NYSE:HUBS) had its price target raised by stock analysts at Royal Bank of Canada from $750.00 to $825.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the software maker’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 18.78% from the company’s current price.

A number of other analysts have also issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Barclays upped their target price on shares of HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. BMO Capital Markets boosted their price target on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. UBS Group raised HubSpot from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Finally, Evercore ISI increased their price target on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Four investment 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $705.64.

HubSpot Trading Down 0.4 %

Shares of NYSE HUBS traded down $2.86 during trading hours on Friday, hitting $694.57. 150,556 shares of the company traded hands, compared to its average volume of 210,703. The company’s 50 day moving average price is $686.36 and its 200 day moving average price is $576.04. HubSpot has a 12 month low of $434.84 and a 12 month high of $762.47. The stock has a market capitalization of $35.86 billion, a price-to-earnings ratio of -2,572.39, a price-to-earnings-growth ratio of 87.75 and a beta of 1.70.

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

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 1,374 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was 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 directly owns 61,294 shares in the company, valued at $33,711,700. The trade was a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lorrie M. Norrington sold 572 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $721.60, for a total value of $412,755.20. Following the transaction, the director now directly owns 1,125 shares of the company’s stock, valued at approximately $811,800. The trade was a 33.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,391 shares of company stock valued at $53,243,511. 4.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. HM Payson & Co. lifted its stake 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 in the last quarter. Hazlett Burt & Watson Inc. lifted its position in HubSpot by 19.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock worth $91,000 after buying an additional 25 shares in the last quarter. Motley Fool Asset Management LLC boosted its stake in HubSpot by 2.6% during the third quarter. Motley Fool Asset Management LLC now owns 1,028 shares of the software maker’s stock worth $541,000 after buying an additional 26 shares during the last quarter. V Square Quantitative Management LLC grew 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 valued at $494,000 after buying an additional 27 shares in the last quarter. Finally, Crewe Advisors LLC increased its stake in shares of HubSpot by 37.3% in the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock worth $55,000 after acquiring an additional 28 shares during the last quarter. 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.