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

HubSpot (NYSE:HUBS) had its price target raised by investment analysts at Oppenheimer from $850.00 to $900.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the software maker’s stock. Oppenheimer’s price objective suggests a potential upside of 14.67% from the stock’s current price.

HUBS has been the subject of several other reports. Piper Sandler boosted their target price on shares of HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a research report on Thursday. Evercore ISI lifted 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. TD Cowen downgraded HubSpot from a “buy” rating to a “hold” rating and increased their price objective for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. JPMorgan Chase & Co. raised their target price on HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Scotiabank upped their price target on HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $795.04.

HubSpot Price Performance

HUBS stock opened at $784.84 on Thursday. HubSpot has a 1 year low of $434.84 and a 1 year high of $811.79. The company’s 50-day moving average is $732.48 and its 200-day moving average is $617.71. The stock has a market capitalization of $40.51 billion, a PE ratio of -2,906.71, a price-to-earnings-growth ratio of 43.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last posted 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%. On average, analysts anticipate that HubSpot will post 0.42 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the completion of the transaction, the chief technology officer now owns 1,323,145 shares in the company, valued at $889,973,789.90. This trade represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the completion of the sale, the insider now directly owns 513,698 shares in the company, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,112 shares of company stock worth $51,432,627. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of HubSpot during the third quarter worth $25,000. Larson Financial Group LLC grew its position in shares of 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 in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of HubSpot by 73.1% during the 4th 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 period. Bank of Jackson Hole Trust purchased a new stake in HubSpot during the 4th quarter worth about $35,000. Finally, HM Payson & Co. boosted its stake in HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 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.