HubSpot (NYSE:HUBS) Price Target Raised to $900.00

HubSpot (NYSE:HUBS) had its price objective hoisted by Canaccord Genuity Group from $710.00 to $900.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the software maker’s stock.

HUBS has been the subject of several other reports. UBS Group cut HubSpot from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 17th. Bank of America raised their price target on shares of HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Scotiabank boosted their price objective on shares of HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. raised their target price on shares of HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Finally, Barclays boosted their price target on shares of HubSpot from $725.00 to $815.00 and gave the stock an “equal weight” rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $863.96.

HubSpot Stock Performance

Shares of HUBS stock opened at $812.44 on Thursday. HubSpot has a 52 week low of $434.84 and a 52 week high of $881.13. The company’s 50 day moving average price is $735.53 and its two-hundred day moving average price is $621.29. The company has a market capitalization of $41.94 billion, a P/E ratio of -3,008.92, a price-to-earnings-growth ratio of 43.94 and a beta of 1.72.

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

Insiders Place Their Bets

In related news, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the transaction, the insider now directly owns 513,698 shares in the company, valued at approximately $339,857,459.82. This represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,112 shares of company stock worth $51,432,627 over the last three months. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its holdings in shares of HubSpot by 5.4% during the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock worth $178,000 after purchasing an additional 13 shares during the period. Wedbush Securities Inc. grew its holdings in shares of HubSpot by 3.4% during the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock worth $274,000 after purchasing an additional 13 shares in the last quarter. First Horizon Advisors Inc. increased 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 worth $445,000 after purchasing an additional 15 shares during the period. Amalgamated Bank raised its stake in 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 purchasing an additional 16 shares in the last quarter. Finally, Avitas Wealth Management LLC lifted its position in HubSpot by 0.8% during the fourth quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock worth $1,420,000 after purchasing an additional 17 shares during the period. 90.39% of the stock is 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.