Brokerages Set HubSpot, Inc. (NYSE:HUBS) Price Target at $863.96

Shares of HubSpot, Inc. (NYSE:HUBS) have received an average rating of “Moderate Buy” from the twenty-five ratings firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, twenty have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $863.96.

A number of research analysts have commented on the stock. Barclays reissued an “equal weight” rating on shares of HubSpot in a research report on Thursday, February 13th. Stifel Nicolaus increased their target price on HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Oppenheimer upped their price objective on HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Wells Fargo & Company lifted their target price on HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Finally, Scotiabank raised their price target on shares of HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a report on Thursday, February 13th.

HubSpot Price Performance

HubSpot stock opened at $697.13 on Thursday. The stock has a market cap of $36.36 billion, a price-to-earnings ratio of 7,746.74, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72. The firm has a 50-day moving average of $738.38 and a two-hundred day moving average of $645.80. HubSpot has a 1 year low of $434.84 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. Research analysts expect that HubSpot will post 1.01 earnings per share for the current year.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total transaction of $6,202,025.00. Following the completion of the transaction, the insider now directly owns 513,698 shares of the company’s stock, valued at $374,819,745.70. The trade was a 1.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Yamini Rangan sold 3,057 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the completion of the transaction, the chief executive officer now owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. This represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,997 shares of company stock valued at $35,796,526 in the last quarter. 4.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HubSpot

A number of institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC boosted its position in HubSpot by 5.4% during the fourth quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock worth $178,000 after purchasing an additional 13 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of HubSpot by 3.4% in the fourth quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock valued at $274,000 after buying an additional 13 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of HubSpot by 2.4% during the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock worth $445,000 after buying an additional 15 shares during the period. Amalgamated Bank lifted its position in shares of HubSpot by 0.5% during the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock valued at $2,271,000 after buying an additional 16 shares in the last quarter. Finally, Avitas Wealth Management LLC grew its stake in HubSpot by 0.8% in the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock valued at $1,420,000 after acquiring an additional 17 shares during the period. 90.39% of the stock is currently 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.