HubSpot (NYSE:HUBS) Stock Price Expected to Rise, Oppenheimer Analyst Says

HubSpot (NYSE:HUBS) had its target price increased by stock analysts at Oppenheimer from $850.00 to $900.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the software maker’s stock. Oppenheimer’s target price suggests a potential upside of 10.78% from the company’s current price.

HUBS has been the topic of a number of other research reports. Morgan Stanley raised their price objective on shares of HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a report on Thursday. Piper Sandler raised their price objective on shares of HubSpot from $640.00 to $808.00 and gave the stock a “neutral” rating in a report on Thursday. 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. UBS Group cut shares of HubSpot from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th. Finally, TD Cowen cut shares of HubSpot from a “buy” rating to a “hold” rating and raised their price objective for the stock from $680.00 to $725.00 in a report on Friday, January 17th. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $857.75.

HubSpot Stock Performance

NYSE HUBS opened at $812.44 on Thursday. The firm has a 50 day simple moving average of $734.12 and a 200-day simple moving average of $619.11. HubSpot has a one year low of $434.84 and a one year high of $881.13. The firm has a market cap of $41.94 billion, a price-to-earnings ratio of -3,008.92, a PEG ratio of 43.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last issued 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 negative return on equity of 1.16% and a negative net margin of 0.56%. Equities analysts predict that HubSpot will post 0.42 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total value of $16,815,500.00. Following the sale, the chief technology officer now directly owns 1,323,145 shares in the company, valued at $889,973,789.90. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the completion of the sale, the insider now owns 513,698 shares in the company, valued at $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. In the last ninety days, insiders have sold 73,112 shares of company stock worth $51,432,627. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in HubSpot in the 3rd quarter valued at about $25,000. Larson Financial Group LLC raised its stake in HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after purchasing an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares during the last quarter. Coppell Advisory Solutions LLC raised its stake in HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock valued at $32,000 after purchasing an additional 22 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd raised its stake in HubSpot by 213.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock valued at $33,000 after purchasing an additional 32 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.