Morgan Stanley Forecasts Strong Price Appreciation for HubSpot (NYSE:HUBS) Stock

HubSpot (NYSE:HUBS) had its target price raised by Morgan Stanley from $747.00 to $835.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the software maker’s stock.

Several other analysts have also commented on HUBS. Bank of America lifted their price objective on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Mizuho boosted their price target on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $730.00 price target on shares of HubSpot in a research report on Thursday, November 7th. Scotiabank raised their price objective on shares of HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company boosted their target price on shares of HubSpot from $750.00 to $810.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and an average target price of $719.30.

HubSpot Stock Performance

Shares of NYSE:HUBS opened at $708.95 on Monday. The firm has a market cap of $36.60 billion, a price-to-earnings ratio of -2,625.64, a price-to-earnings-growth ratio of 87.75 and a beta of 1.70. The business has a 50-day simple moving average of $708.82 and a two-hundred day simple moving average of $583.45. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $762.47.

HubSpot (NYSE:HUBS) last released its quarterly earnings data 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 firm had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. During the same period in the previous year, the company earned ($0.04) earnings per share. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. As a group, research analysts predict that HubSpot will post 0.4 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the sale, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kathryn Bueker sold 1,796 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $1,260,055.64. Following the transaction, the chief financial officer now owns 38,560 shares of the company’s stock, valued at $27,053,310.40. This represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,066 shares of company stock worth $54,900,427 in the last three months. 4.50% of the stock is owned by company insiders.

Institutional Trading of HubSpot

Hedge funds have recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in HubSpot in the third quarter worth $25,000. HM Payson & Co. grew 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 worth $36,000 after buying an additional 18 shares in the last quarter. Friedenthal Financial bought a new stake in shares of HubSpot in the 4th quarter worth about $50,000. Crewe Advisors LLC raised its position in HubSpot by 37.3% during the third quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after purchasing an additional 28 shares during the period. Finally, True Wealth Design LLC purchased a new stake in HubSpot during the 3rd quarter valued at $62,000. 90.39% of the stock is owned by hedge funds and other 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.