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

HubSpot (NYSE:HUBS) had its target price raised by analysts at Barclays from $650.00 to $725.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the software maker’s stock. Barclays‘s price objective suggests a potential downside of 0.52% from the stock’s current price.

HUBS has been the subject of a number of other reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $730.00 price objective on shares of HubSpot in a research report on Thursday, November 7th. Mizuho raised their price objective on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Royal Bank of Canada raised their price objective on HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Wells Fargo & Company raised their price objective on HubSpot from $750.00 to $810.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Finally, Evercore ISI raised their price objective on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and a consensus price target of $724.52.

HubSpot Stock Performance

Shares of NYSE HUBS opened at $728.79 on Monday. The stock has a 50 day moving average price of $716.86 and a 200 day moving average price of $591.70. HubSpot has a 52 week low of $434.84 and a 52 week high of $762.47. The stock has a market capitalization of $37.62 billion, a PE ratio of -2,698.60, a price-to-earnings-growth ratio of 40.57 and a beta of 1.70.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating the consensus estimate of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. During the same period in the prior year, the firm posted ($0.04) earnings per share. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. As a group, research analysts forecast that HubSpot will post 0.42 EPS for the current year.

Insiders Place Their Bets

In other HubSpot news, insider Dawson Alyssa Harvey sold 573 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the sale, the insider now owns 7,603 shares of the company’s stock, valued at approximately $5,322,100. This trade represents a 7.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total value of $18,497,250.00. Following the completion of the sale, the chief technology officer now directly owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. This represents a 1.93 % decrease in their position. 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 90 days. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Large investors have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of HubSpot during the 3rd quarter valued at $25,000. HM Payson & Co. boosted its holdings in shares of HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after acquiring an additional 18 shares in the last quarter. Friedenthal Financial acquired a new stake in shares of HubSpot during the 4th quarter valued at $50,000. Finally, Crewe Advisors LLC boosted its holdings in shares of HubSpot by 37.3% during the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after acquiring an additional 28 shares in 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.