Brokerages Set HubSpot, Inc. (NYSE:HUBS) Target Price at $724.52

Shares of HubSpot, Inc. (NYSE:HUBS) have received a consensus rating of “Moderate Buy” from the twenty-five research firms that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $732.88.

HUBS has been the topic of a number of research analyst reports. Bank of America raised their price objective on shares of HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Evercore ISI raised their price objective on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Truist Financial reissued a “buy” rating and set a $750.00 price objective (up previously from $600.00) on shares of HubSpot in a report on Friday, November 8th. Mizuho raised their price objective on shares of HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th.

HubSpot Stock Down 0.3 %

Shares of NYSE:HUBS opened at $777.56 on Friday. The firm’s 50 day moving average price is $726.93 and its 200 day moving average price is $607.31. The stock has a market cap of $40.14 billion, a price-to-earnings ratio of -2,879.75, a price-to-earnings-growth ratio of 44.02 and a beta of 1.72. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $811.79.

HubSpot (NYSE:HUBS) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $646.97 million. During the same quarter last year, the company earned ($0.04) earnings per share. The firm’s revenue was up 20.1% compared to the same quarter last year. On average, equities analysts anticipate that HubSpot will post 0.42 EPS for the current year.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the sale, the insider now directly owns 513,698 shares in the company, valued at approximately $339,857,459.82. The trade was a 1.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dawson Alyssa Harvey sold 573 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $401,100.00. Following the sale, the insider now owns 7,603 shares in the company, valued at $5,322,100. The trade was a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,066 shares of company stock worth $54,900,427 in the last three months. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Institutional investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of HubSpot during the 3rd quarter worth $25,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after buying an additional 19 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of HubSpot during the 4th quarter worth $35,000. HM Payson & Co. raised its stake in shares of 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 buying an additional 18 shares during the last quarter. Finally, Friedenthal Financial acquired a new position in shares of HubSpot during the 4th quarter worth $50,000. 90.39% of the stock is currently 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.