HubSpot (NYSE:HUBS) PT Raised to $610.00

HubSpot (NYSE:HUBS) had its price target boosted by research analysts at Evercore ISI from $550.00 to $610.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “in-line” rating on the software maker’s stock. Evercore ISI’s price objective indicates a potential upside of 10.05% from the company’s previous close.

Several other research firms have also weighed in on HUBS. Canaccord Genuity Group reduced their target price on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. UBS Group decreased their price objective on HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Raymond James dropped their target price on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Oppenheimer reiterated an “outperform” rating and issued a $625.00 price target on shares of HubSpot in a report on Thursday, September 19th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $700.00 price objective on shares of HubSpot in a research report on Thursday, September 19th. Four equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus target price of $614.33.

HubSpot Trading Up 4.2 %

NYSE:HUBS opened at $554.31 on Wednesday. HubSpot has a 1-year low of $407.23 and a 1-year high of $693.85. The firm has a market capitalization of $28.25 billion, a price-to-earnings ratio of -209.17, a PEG ratio of 7,193.98 and a beta of 1.64. The business’s 50-day moving average price is $515.39 and its two-hundred day moving average price is $551.97.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. The business had revenue of $637.20 million for the quarter, compared to the consensus estimate of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. HubSpot’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the company posted ($1.17) EPS.

Insider Buying and Selling at HubSpot

In related news, insider Dawson Alyssa Harvey sold 384 shares of HubSpot stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the completion of the sale, the insider now owns 9,735 shares of the company’s stock, valued at approximately $4,548,484.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Dawson Alyssa Harvey sold 384 shares of HubSpot stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total transaction of $179,416.32. Following the completion of the sale, the insider now directly owns 9,735 shares of the company’s stock, valued at approximately $4,548,484.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the transaction, the chief executive officer now directly owns 67,203 shares in the company, valued at approximately $33,009,441.57. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,321 shares of company stock worth $3,374,089 over the last ninety days. Insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

A number of institutional investors have recently modified their holdings of HUBS. Nisa Investment Advisors LLC increased its position in shares of HubSpot by 5.5% in the third quarter. Nisa Investment Advisors LLC now owns 3,285 shares of the software maker’s stock worth $1,746,000 after purchasing an additional 170 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its position in HubSpot by 83.0% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 734 shares of the software maker’s stock valued at $390,000 after buying an additional 333 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of HubSpot by 57.4% during the third quarter. J.W. Cole Advisors Inc. now owns 639 shares of the software maker’s stock worth $340,000 after buying an additional 233 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of HubSpot by 50.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,197 shares of the software maker’s stock worth $1,699,000 after buying an additional 1,073 shares in the last quarter. Finally, Forsta AP Fonden lifted its stake in shares of HubSpot by 11.5% in the 3rd quarter. Forsta AP Fonden now owns 10,700 shares of the software maker’s stock valued at $5,688,000 after acquiring an additional 1,100 shares during the last quarter. 90.39% of the stock is currently 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.