Scotiabank Issues Positive Forecast for HubSpot (NYSE:HUBS) Stock Price

HubSpot (NYSE:HUBS) had its target price increased by Scotiabank from $825.00 to $900.00 in a research report released on Thursday,Benzinga reports. The firm currently has a sector outperform rating on the software maker’s stock.

Several other research analysts have also recently issued reports on the company. UBS Group increased their price target on HubSpot from $740.00 to $775.00 and gave the stock a “neutral” rating in a research note on Thursday. Mizuho increased their price target on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. TD Cowen cut HubSpot from a “buy” rating to a “hold” rating and increased their price target for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. Jefferies Financial Group increased their price target on HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, BMO Capital Markets increased their price target on HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $857.75.

HubSpot Price Performance

Shares of HUBS opened at $819.36 on Thursday. The company has a market cap of $42.30 billion, a P/E ratio of -3,034.57, a PEG ratio of 43.94 and a beta of 1.72. The stock has a fifty day moving average price of $732.48 and a 200 day moving average price of $617.71. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. As a group, research analysts anticipate that HubSpot will post 0.42 earnings per share for the current year.

Insider Activity

In related news, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total value of $16,815,500.00. Following the completion of the sale, the chief technology officer now directly owns 1,323,145 shares of the company’s stock, valued at approximately $889,973,789.90. This represents a 1.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the sale, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. This represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,112 shares of company stock valued at $51,432,627 over the last three months. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its stake in HubSpot by 5.4% in the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock worth $178,000 after acquiring an additional 13 shares in the last quarter. Wedbush Securities Inc. increased its position in HubSpot by 3.4% in the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock worth $274,000 after purchasing an additional 13 shares during the last quarter. First Horizon Advisors Inc. increased its position in HubSpot by 2.4% in the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock worth $445,000 after purchasing an additional 15 shares during the last quarter. Amalgamated Bank increased its position in HubSpot by 0.5% in the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock worth $2,271,000 after purchasing an additional 16 shares during the last quarter. Finally, Avitas Wealth Management LLC increased its position in HubSpot by 0.8% in the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock worth $1,420,000 after purchasing an additional 17 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.