JPMorgan Chase & Co. Increases HubSpot (NYSE:HUBS) Price Target to $725.00

HubSpot (NYSE:HUBS) had its price objective lifted by equities researchers at JPMorgan Chase & Co. from $635.00 to $725.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the software maker’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 7.62% from the company’s previous close.

Other analysts have also issued research reports about the company. Stifel Nicolaus lifted their price objective on HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Truist Financial reaffirmed a “buy” rating and issued a $750.00 price target (up previously from $600.00) on shares of HubSpot in a research note on Friday, November 8th. UBS Group lowered HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Evercore ISI boosted their price target on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group boosted their price target on HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $747.92.

HubSpot Trading Up 0.0 %

Shares of NYSE:HUBS opened at $784.84 on Tuesday. HubSpot has a 1-year low of $434.84 and a 1-year high of $811.79. The firm has a market capitalization of $40.51 billion, a PE ratio of -2,906.71, a PEG ratio of 43.94 and a beta of 1.72. The business’s 50 day moving average is $731.91 and its 200-day moving average is $616.53.

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

Insider Transactions at HubSpot

In other news, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the completion of the sale, the chief technology officer now owns 1,323,145 shares in the company, valued at $889,973,789.90. The trade was a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Yamini Rangan sold 3,057 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the sale, the chief executive officer now owns 54,079 shares of the company’s stock, valued at $37,941,285.61. This represents a 5.35 % 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 90 days. 4.50% of the stock is owned by insiders.

Institutional Investors Weigh In On HubSpot

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new stake in HubSpot in the third quarter valued at about $25,000. Larson Financial Group LLC increased its holdings in HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after purchasing an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in HubSpot in the fourth quarter valued at about $35,000. Finally, HM Payson & Co. increased its holdings in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares during the last quarter. Institutional investors 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.