Wells Fargo & Company Forecasts Strong Price Appreciation for HubSpot (NYSE:HUBS) Stock

HubSpot (NYSE:HUBS) had its price target lifted by investment analysts at Wells Fargo & Company from $625.00 to $750.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the software maker’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 16.35% from the company’s current price.

Other equities research analysts have also issued reports about the company. Royal Bank of Canada reiterated an “outperform” rating and set a $700.00 price target on shares of HubSpot in a report on Thursday, September 19th. Stifel Nicolaus raised their price objective on HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Citigroup cut their price objective on HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Oppenheimer reissued an “outperform” rating and issued a $625.00 price objective on shares of HubSpot in a research note on Thursday, September 19th. Finally, UBS Group lifted their price target on HubSpot from $550.00 to $650.00 and gave the stock a “neutral” rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $635.38.

HubSpot Stock Performance

Shares of NYSE:HUBS traded up $46.82 during midday trading on Thursday, reaching $644.61. The company had a trading volume of 466,845 shares, compared to its average volume of 586,954. HubSpot has a 1-year low of $413.07 and a 1-year high of $693.85. The firm has a market cap of $33.10 billion, a price-to-earnings ratio of -1,194.50, a price-to-earnings-growth ratio of 7,506.16 and a beta of 1.63. The company has a fifty day simple moving average of $529.41 and a two-hundred day simple moving average of $545.99.

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

Insider Buying and Selling at HubSpot

In related news, CFO Kathryn Bueker sold 1,804 shares of HubSpot stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at approximately $22,692,450. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other HubSpot news, CEO Yamini Rangan sold 1,507 shares of HubSpot 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 $32,953,341.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathryn Bueker sold 1,804 shares of HubSpot stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value 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 represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,937 shares of company stock worth $3,194,673 over the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

A number of institutional investors have recently modified their holdings of HUBS. HM Payson & Co. grew its position in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after acquiring an additional 18 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in shares of HubSpot by 19.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock valued at $91,000 after purchasing an additional 25 shares during the period. V Square Quantitative Management LLC raised its stake in HubSpot by 3.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock worth $494,000 after buying an additional 27 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in HubSpot by 2.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker’s stock worth $698,000 after buying an additional 30 shares during the period. Finally, Quent Capital LLC raised its stake in shares of HubSpot by 13.0% in the second 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. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.