HubSpot (NYSE:HUBS) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

HubSpot (NYSE:HUBS) had its price objective increased by investment analysts at The Goldman Sachs Group from $626.00 to $690.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. The Goldman Sachs Group’s target price points to a potential upside of 6.90% from the company’s current price.

Other equities research analysts have also issued reports about the company. Canaccord Genuity Group reduced their price objective on HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. BMO Capital Markets increased their price target on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday. Piper Sandler downgraded HubSpot from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $570.00 to $640.00 in a report on Thursday. UBS Group raised their target price on shares of HubSpot from $550.00 to $650.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Stifel Nicolaus boosted their price target on shares of HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and an average price target of $638.88.

HubSpot Stock Performance

Shares of NYSE:HUBS traded up $47.66 during trading hours on Thursday, hitting $645.45. 624,363 shares of the company’s stock traded hands, compared to its average volume of 587,736. The company’s fifty day simple moving average is $529.41 and its two-hundred day simple moving average is $545.99. The company has a market cap of $33.14 billion, a price-to-earnings ratio of -1,189.57, a price-to-earnings-growth ratio of 7,506.16 and a beta of 1.63. HubSpot has a 52 week low of $413.07 and a 52 week high of $693.85.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. The firm had revenue of $637.20 million during the quarter, compared to analysts’ expectations of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period last year, the firm posted ($1.17) earnings per share.

Insider Buying and Selling at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 1,804 shares of the company’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 transaction of $992,200.00. Following the completion of the sale, the chief financial officer now owns 41,259 shares of the company’s stock, valued at $22,692,450. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Kathryn Bueker sold 1,804 shares of HubSpot stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $992,200.00. Following the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $22,692,450. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 1,507 shares of HubSpot stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $792,440.88. Following the completion of the transaction, the chief executive officer now directly owns 62,668 shares in the company, valued at approximately $32,953,341.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,937 shares of company stock worth $3,194,673 over the last three months. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Large investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its position in shares of HubSpot by 5.6% during the first quarter. Private Advisor Group LLC now owns 1,296 shares of the software maker’s stock worth $812,000 after acquiring an additional 69 shares during the last quarter. Nordea Investment Management AB lifted its position in HubSpot by 24.8% during the 1st quarter. Nordea Investment Management AB now owns 3,859 shares of the software maker’s stock valued at $2,403,000 after purchasing an additional 768 shares during the period. GSA Capital Partners LLP bought a new position in shares of HubSpot in the 1st quarter valued at about $835,000. Csenge Advisory Group acquired a new stake in shares of HubSpot during the 1st quarter worth approximately $219,000. Finally, Geneos Wealth Management Inc. lifted its holdings in HubSpot by 1,125.0% in the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock valued at $31,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Company Profile

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.