HubSpot (NYSE:HUBS) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

HubSpot (NYSE:HUBS) had its target price raised by BMO Capital Markets from $570.00 to $690.00 in a research report released on Thursday morning, Marketbeat reports. The brokerage currently has an outperform rating on the software maker’s stock.

A number of other analysts also recently weighed in on HUBS. Evercore ISI upped their target price on HubSpot from $550.00 to $610.00 and gave the company an “in-line” rating in a research report on Wednesday, October 23rd. UBS Group dropped their target price on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Piper Sandler downgraded shares of HubSpot from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $570.00 to $640.00 in a report on Thursday. Wells Fargo & Company decreased their price objective on shares of HubSpot from $650.00 to $625.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $700.00 target price on shares of HubSpot in a report on Thursday, September 19th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $666.26.

HubSpot Stock Performance

NYSE:HUBS opened at $656.56 on Thursday. The firm has a market cap of $33.89 billion, a price-to-earnings ratio of -2,431.70, a P/E/G ratio of 7,948.12 and a beta of 1.63. HubSpot has a 52 week low of $413.07 and a 52 week high of $693.85. The firm’s 50-day simple moving average is $535.45 and its 200 day simple moving average is $546.83.

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

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction that occurred 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Kathryn Bueker sold 1,804 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total transaction 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 $22,692,450. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 67,203 shares in the company, valued at $33,009,441.57. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,937 shares of company stock worth $3,194,673 in the last quarter. 4.50% of the stock is owned by insiders.

Hedge Funds Weigh In On HubSpot

A number of hedge funds and other institutional investors have recently made changes to their positions in HUBS. Private Advisor Group LLC raised its stake in HubSpot by 5.6% during the first quarter. Private Advisor Group LLC now owns 1,296 shares of the software maker’s stock worth $812,000 after buying an additional 69 shares during the last quarter. Nordea Investment Management AB raised its position in shares of HubSpot by 24.8% in the 1st quarter. Nordea Investment Management AB now owns 3,859 shares of the software maker’s stock worth $2,403,000 after acquiring an additional 768 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of HubSpot in the 1st quarter valued at about $835,000. Csenge Advisory Group bought a new stake in shares of HubSpot during the 1st quarter valued at about $219,000. Finally, Geneos Wealth Management Inc. grew its stake in HubSpot by 1,125.0% during the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after purchasing an additional 45 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

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.