HubSpot (NYSE:HUBS) Price Target Raised to $650.00 at UBS Group

HubSpot (NYSE:HUBS) had its target price upped by UBS Group from $550.00 to $650.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the software maker’s stock.

Other research analysts have also issued research reports about the stock. Barclays dropped their price target on shares of HubSpot from $575.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Evercore ISI increased their price target on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research note on Thursday. Bank of America dropped their price target on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company dropped their price target 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, Piper Sandler lowered shares of HubSpot from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $570.00 to $640.00 in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $660.96.

HubSpot Price Performance

HubSpot stock traded up $14.80 during trading hours on Thursday, hitting $659.41. The company had a trading volume of 529,819 shares, compared to its average volume of 591,773. The firm has a market capitalization of $33.86 billion, a P/E ratio of -1,199.76, a price-to-earnings-growth ratio of 7,506.16 and a beta of 1.63. The firm’s fifty day moving average is $529.41 and its 200-day moving average is $545.99. HubSpot has a fifty-two week low of $413.07 and a fifty-two week high of $693.85.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.30. The firm had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.17) EPS.

Insider Transactions at HubSpot

In other news, CFO Kathryn Bueker sold 1,136 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the completion of the transaction, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at approximately $21,695,632.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Kathryn Bueker sold 1,136 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Yamini Rangan sold 1,374 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $550.00, for a total transaction of $755,700.00. Following the sale, the chief executive officer now owns 61,294 shares of the company’s stock, valued at $33,711,700. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,937 shares of company stock valued at $3,194,673. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. M&G Plc bought a new position in shares of HubSpot in the 1st quarter valued at about $8,533,000. Pallas Capital Advisors LLC bought a new position in shares of HubSpot in the 3rd quarter valued at about $624,000. Headlands Technologies LLC bought a new position in shares of HubSpot in the 2nd quarter valued at about $3,135,000. Linden Thomas Advisory Services LLC bought a new position in shares of HubSpot in the 2nd quarter valued at about $1,346,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of HubSpot by 32.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 14,409 shares of the software maker’s stock valued at $8,996,000 after purchasing an additional 3,550 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.