HubSpot (NYSE:HUBS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

HubSpot (NYSE:HUBS) had its price objective increased by Stifel Nicolaus from $880.00 to $925.00 in a research note published on Thursday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the software maker’s stock.

Several other analysts also recently issued reports on the company. Barclays lifted their price target on HubSpot from $725.00 to $815.00 and gave the company an “equal weight” rating in a research note on Thursday. Oppenheimer raised their price objective on HubSpot from $850.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday. Mizuho raised their price objective on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Citigroup raised their price objective on HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Wells Fargo & Company raised their price objective on HubSpot from $810.00 to $835.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $857.75.

HubSpot Trading Up 4.3 %

Shares of HubSpot stock opened at $819.36 on Thursday. The company has a market capitalization of $42.30 billion, a PE ratio of -3,034.57, a PEG ratio of 43.94 and a beta of 1.72. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13. The stock’s fifty day simple moving average is $732.48 and its 200 day simple moving average is $617.71.

HubSpot (NYSE:HUBS) last released its quarterly 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%. Analysts predict that HubSpot will post 0.42 EPS for the current fiscal year.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 115 shares of the business’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 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 $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lorrie M. Norrington sold 572 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $690.00, for a total value of $394,680.00. Following the sale, the director now owns 1,697 shares of the company’s stock, valued at approximately $1,170,930. This represents a 25.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,112 shares of company stock worth $51,432,627 over the last quarter. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

A number of institutional investors have recently made changes to their positions in HUBS. Farther Finance Advisors LLC raised its position in shares of HubSpot by 5.4% in the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock valued at $178,000 after buying an additional 13 shares in the last quarter. Wedbush Securities Inc. raised its position in shares of HubSpot by 3.4% in the fourth quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock valued at $274,000 after buying an additional 13 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of HubSpot by 2.4% in the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock valued at $445,000 after buying an additional 15 shares in the last quarter. Amalgamated Bank raised its position in shares of HubSpot by 0.5% in the fourth quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock valued at $2,271,000 after buying an additional 16 shares in the last quarter. Finally, Avitas Wealth Management LLC raised its position in shares of HubSpot by 0.8% in the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock valued at $1,420,000 after buying an additional 17 shares in the last quarter. Institutional investors 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.