HubSpot (NYSE:HUBS) Price Target Raised to $880.00 at Stifel Nicolaus

HubSpot (NYSE:HUBS) had its price objective hoisted by stock analysts at Stifel Nicolaus from $750.00 to $880.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ price target points to a potential upside of 22.12% from the company’s current price.

HUBS has been the subject of a number of other research reports. Piper Sandler lowered HubSpot from an “overweight” rating to a “neutral” rating and increased their price target for the company from $570.00 to $640.00 in a research report on Thursday, November 7th. Truist Financial reiterated a “buy” rating and issued a $750.00 target price (up from $600.00) on shares of HubSpot in a report on Friday, November 8th. Barclays boosted their price target on shares of HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Royal Bank of Canada upped their price target on shares of HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Oppenheimer lifted their price objective on shares of HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus target price of $684.27.

HubSpot Price Performance

Shares of HUBS opened at $720.62 on Monday. The firm’s 50 day moving average is $621.58 and its 200-day moving average is $561.04. HubSpot has a 12-month low of $434.84 and a 12-month high of $762.47. The stock has a market capitalization of $37.20 billion, a P/E ratio of -2,668.86, a P/E/G ratio of 90.16 and a beta of 1.70.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.04) earnings per share. As a group, equities research analysts forecast that HubSpot will post 0.4 EPS for the current fiscal year.

Insider Activity at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 1,804 shares of the business’s 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 completion of the sale, the chief financial officer now owns 41,259 shares of the company’s stock, valued at $22,692,450. The trade was a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Yamini Rangan sold 1,507 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total value of $792,440.88. Following 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 2.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,390 shares of company stock valued at $29,126,596. 4.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HubSpot

A number of large investors have recently added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB acquired a new position in shares of HubSpot during the 3rd quarter worth about $25,000. International Assets Investment Management LLC acquired a new position in shares of HubSpot during the second quarter worth approximately $35,000. HM Payson & Co. boosted its position in shares of 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 acquiring an additional 18 shares during the period. Crewe Advisors LLC grew its stake in shares of HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after acquiring an additional 63 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its position in HubSpot by 690.9% during the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock worth $51,000 after acquiring an additional 76 shares during the period. 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.