HubSpot (NYSE:HUBS) Price Target Raised to $825.00

HubSpot (NYSE:HUBS) had its price objective upped by stock analysts at Royal Bank of Canada from $750.00 to $825.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the software maker’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 17.38% from the stock’s previous close.

A number of other brokerages have also issued reports on HUBS. Evercore ISI lifted their target price on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Canaccord Genuity Group lifted their price objective on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC reiterated a “buy” rating and set a $730.00 target price on shares of HubSpot in a research note on Thursday, November 7th. Truist Financial restated 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. Finally, Stifel Nicolaus increased their price objective on shares of HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $705.64.

HubSpot Stock Up 0.8 %

Shares of NYSE:HUBS opened at $702.85 on Friday. The company has a market capitalization of $36.28 billion, a price-to-earnings ratio of -2,603.05, a price-to-earnings-growth ratio of 87.75 and a beta of 1.70. The company has a 50 day moving average of $689.11 and a two-hundred day moving average of $576.96. HubSpot has a 52-week low of $434.84 and a 52-week high of $762.47.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same period in the prior year, the firm earned ($0.04) earnings per share. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, equities analysts anticipate that HubSpot will post 0.4 earnings per share for the current year.

Insider Transactions at HubSpot

In other HubSpot news, Director Lorrie M. Norrington sold 572 shares of HubSpot stock in a transaction on Friday, December 27th. The stock was sold at an average price of $721.60, for a total transaction of $412,755.20. Following the sale, the director now owns 1,125 shares of the company’s stock, valued at $811,800. The trade was a 33.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kathryn Bueker sold 1,804 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at approximately $22,692,450. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,391 shares of company stock worth $53,243,511. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Large investors have recently bought and sold shares of the stock. Everence Capital Management Inc. bought a new position in shares of HubSpot in the fourth quarter valued at approximately $1,010,000. GAMMA Investing LLC lifted its position in HubSpot by 16.9% in the fourth quarter. GAMMA Investing LLC now owns 221 shares of the software maker’s stock worth $154,000 after purchasing an additional 32 shares during the period. Oddo BHF Asset Management Sas bought a new position in HubSpot during the 3rd quarter valued at $740,000. Wilmington Savings Fund Society FSB acquired a new position in shares of HubSpot during the 3rd quarter valued at $25,000. Finally, Coldstream Capital Management Inc. raised its stake in shares of HubSpot by 40.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 783 shares of the software maker’s stock worth $433,000 after buying an additional 227 shares in the last quarter. Institutional investors and hedge funds 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.