Needham & Company LLC Forecasts Strong Price Appreciation for HubSpot (NYSE:HUBS) Stock

HubSpot (NYSE:HUBS) had its price target raised by equities researchers at Needham & Company LLC from $730.00 to $900.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Needham & Company LLC’s target price points to a potential upside of 14.67% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. Stifel Nicolaus raised their price target on shares of HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. KeyCorp raised HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 target price for the company in a research report on Thursday. Mizuho upped their price target on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. UBS Group lowered HubSpot from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th. Finally, Bank of America boosted their price objective on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $802.13.

HubSpot Trading Up 0.0 %

Shares of HUBS opened at $784.84 on Thursday. The stock has a 50 day moving average of $732.48 and a 200 day moving average of $617.71. HubSpot has a 12 month low of $434.84 and a 12 month high of $811.79. The company has a market capitalization of $40.51 billion, a price-to-earnings ratio of -2,906.71, a PEG ratio of 43.94 and a beta of 1.72.

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

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction dated 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 sale, the chief executive officer now owns 61,179 shares in the company, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kathryn Bueker sold 1,796 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the transaction, the chief financial officer now owns 38,560 shares in the company, valued at approximately $27,053,310.40. This trade represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,112 shares of company stock valued at $51,432,627. 4.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HubSpot

Several hedge funds have recently bought and sold shares of HUBS. Norges Bank bought a new position in shares of HubSpot in the 4th quarter worth $420,345,000. Wellington Management Group LLP lifted its holdings in shares of HubSpot by 52.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after acquiring an additional 480,796 shares during the last quarter. Raymond James Financial Inc. purchased a new position in HubSpot in the fourth quarter worth $157,019,000. Wealthfront Advisers LLC increased its stake in HubSpot by 3,090.2% in the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock valued at $93,049,000 after acquiring an additional 129,357 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in HubSpot by 214,342.4% during the third quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock valued at $672,590,000 after purchasing an additional 126,462 shares in the last quarter. 90.39% of the stock is currently 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.