Truist Financial Reiterates Buy Rating for HubSpot (NYSE:HUBS)

HubSpot (NYSE:HUBS)‘s stock had its “buy” rating reiterated by research analysts at Truist Financial in a research note issued to investors on Friday,Benzinga reports. They presently have a $750.00 price target on the software maker’s stock, up from their prior price target of $600.00. Truist Financial’s price objective would suggest a potential upside of 14.23% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Stifel Nicolaus raised their target price on shares of HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Raymond James dropped their price objective on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and set a $730.00 target price on shares of HubSpot in a research report on Thursday. Evercore ISI lifted their price target on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research report on Thursday. Finally, Piper Sandler cut HubSpot from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $570.00 to $640.00 in a research note on Thursday. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus target price of $666.26.

HubSpot Stock Up 1.9 %

NYSE HUBS traded up $11.95 on Friday, reaching $656.56. The company had a trading volume of 947,094 shares, compared to its average volume of 380,530. The stock has a market capitalization of $33.89 billion, a PE ratio of -2,431.70, a price-to-earnings-growth ratio of 7,948.12 and a beta of 1.63. HubSpot has a 12 month low of $413.07 and a 12 month high of $693.85. The firm’s 50 day moving average price is $535.45 and its 200 day moving average price is $546.83.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. The company had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative return on equity of 1.22% and a negative net margin of 0.56%. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.04) earnings per share.

Insider Activity at HubSpot

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. HM Payson & Co. increased its position in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after buying an additional 18 shares in the last quarter. Hazlett Burt & Watson Inc. increased its holdings in shares of HubSpot by 19.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock valued at $91,000 after acquiring an additional 25 shares in the last quarter. V Square Quantitative Management LLC raised its position in shares of HubSpot by 3.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock valued at $494,000 after purchasing an additional 27 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in HubSpot by 2.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker’s stock worth $698,000 after purchasing an additional 30 shares in the last quarter. Finally, Quent Capital LLC grew its position in HubSpot by 13.0% during the 2nd quarter. Quent Capital LLC now owns 261 shares of the software maker’s stock worth $154,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors 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.