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

HubSpot (NYSE:HUBS) had its price objective hoisted by investment analysts at Stifel Nicolaus from $880.00 to $925.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 9.05% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. UBS Group cut HubSpot from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th. Barclays raised their price objective on HubSpot from $725.00 to $815.00 and gave the company an “equal weight” rating in a report on Thursday. Royal Bank of Canada raised their price objective on HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Truist Financial reissued a “buy” rating and set a $900.00 price objective (up from $750.00) on shares of HubSpot in a report on Thursday. Finally, The Goldman Sachs Group lifted their price target on HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and an average target price of $815.46.

HubSpot Trading Up 8.0 %

Shares of HUBS traded up $62.76 during trading hours on Thursday, reaching $848.26. 329,519 shares of the company’s stock traded hands, compared to its average volume of 452,958. The stock has a market cap of $43.79 billion, a PE ratio of -3,141.58, a price-to-earnings-growth ratio of 43.94 and a beta of 1.72. The firm’s 50 day simple moving average is $732.48 and its 200-day simple moving average is $617.71. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, analysts expect that HubSpot will post 0.42 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 115 shares of HubSpot 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lorrie M. Norrington sold 572 shares of HubSpot stock in a transaction that occurred on Friday, December 20th. The shares were 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 in the company, valued at $1,170,930. This represents a 25.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,112 shares of company stock worth $51,432,627 over the last ninety days. 4.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HubSpot

Hedge funds have recently added to or reduced their stakes in the stock. GDS Wealth Management bought a new stake in HubSpot in the third quarter worth $2,149,000. Pallas Capital Advisors LLC purchased a new stake in HubSpot during the third quarter valued at $624,000. Icon Wealth Advisors LLC increased its position in HubSpot by 3,346.2% during the third quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock valued at $11,212,000 after acquiring an additional 20,479 shares during the last quarter. Curi RMB Capital LLC increased its position in HubSpot by 15.1% during the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock valued at $3,797,000 after acquiring an additional 937 shares during the last quarter. Finally, Advantage Alpha Capital Partners LP increased its position in HubSpot by 113.4% during the third quarter. Advantage Alpha Capital Partners LP now owns 18,666 shares of the software maker’s stock valued at $9,923,000 after acquiring an additional 9,919 shares during the last quarter. 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.