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

HubSpot (NYSE:HUBS) had its price target upped by research analysts at Wells Fargo & Company from $750.00 to $810.00 in a research 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 target points to a potential upside of 14.25% from the company’s current price.

HUBS has been the topic of several other research reports. Evercore ISI upped their price objective on shares of HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. BMO Capital Markets upped their price target on HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Oppenheimer raised their price objective on HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Royal Bank of Canada upped their target price on HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, UBS Group raised shares of HubSpot from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $714.05.

HubSpot Trading Up 1.1 %

HUBS stock opened at $708.98 on Tuesday. The firm has a market cap of $36.60 billion, a PE ratio of -2,625.75, a price-to-earnings-growth ratio of 87.75 and a beta of 1.70. The stock has a 50-day moving average price of $697.79 and a 200-day moving average price of $579.99. HubSpot has a 1-year low of $434.84 and a 1-year high of $762.47.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.27. The firm 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% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.04) earnings per share. On average, analysts forecast that HubSpot will post 0.4 earnings per share for the current year.

Insider Buying and Selling

In other HubSpot news, CFO Kathryn Bueker sold 1,796 shares of HubSpot stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the sale, the chief financial officer now directly owns 38,560 shares in the company, valued at $27,053,310.40. The trade was a 4.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 115 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at $43,668,958.41. The trade was a 0.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,066 shares of company stock valued at $54,900,427. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of HubSpot during the third quarter worth approximately $25,000. HM Payson & Co. lifted its stake in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares during the last quarter. Crewe Advisors LLC boosted its position in HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after buying an additional 28 shares during the period. True Wealth Design LLC bought a new position in shares of HubSpot during the third quarter valued at about $62,000. Finally, Asset Dedication LLC purchased a new position in shares of HubSpot in the second quarter worth about $70,000. 90.39% of the stock is currently owned by hedge funds and other 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.