HubSpot (NYSE:HUBS) Price Target Raised to $700.00 at Evercore ISI

HubSpot (NYSE:HUBS) had its price objective boosted by analysts at Evercore ISI from $610.00 to $700.00 in a report released on Thursday, Benzinga reports. The firm currently has an “in-line” rating on the software maker’s stock. Evercore ISI’s price objective indicates a potential upside of 17.11% from the company’s current price.

A number of other equities analysts have also recently issued reports on HUBS. UBS Group cut their target price on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Bank of America cut their price target on HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Stifel Nicolaus lifted their price target on HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Oppenheimer reaffirmed an “outperform” rating and set a $625.00 price target on shares of HubSpot in a report on Thursday, September 19th. Finally, KeyCorp raised HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target on the stock in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $626.00.

HubSpot Stock Up 3.4 %

Shares of NYSE HUBS opened at $597.73 on Thursday. The firm’s 50-day moving average price is $529.41 and its two-hundred day moving average price is $545.99. HubSpot has a 52-week low of $413.07 and a 52-week high of $693.85. The stock has a market capitalization of $30.69 billion, a P/E ratio of -1,106.89, a P/E/G ratio of 7,506.16 and a beta of 1.63.

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

Insiders Place Their Bets

In other news, CFO Kathryn Bueker sold 1,136 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at $21,695,632.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Kathryn Bueker sold 1,136 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at $21,695,632.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Yamini Rangan sold 1,507 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $792,440.88. Following the transaction, the chief executive officer now owns 62,668 shares in the company, valued at approximately $32,953,341.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,937 shares of company stock worth $3,194,673. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Institutional investors and hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. lifted its stake in shares of HubSpot by 1,125.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock valued at $31,000 after purchasing an additional 45 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of HubSpot in the 2nd quarter valued at $35,000. HM Payson & Co. lifted its stake in shares of HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares during the last quarter. Crewe Advisors LLC lifted its stake in shares of HubSpot by 525.0% in the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after purchasing an additional 63 shares during the last quarter. Finally, J.Safra Asset Management Corp lifted its stake in shares of HubSpot by 690.9% in the 2nd quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock valued at $51,000 after purchasing an additional 76 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.