UBS Group Forecasts Strong Price Appreciation for HubSpot (NYSE:HUBS) Stock

HubSpot (NYSE:HUBS) had its price objective raised by UBS Group from $740.00 to $775.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the software maker’s stock. UBS Group’s price target suggests a potential downside of 4.61% from the company’s previous close.

A number of other research firms have also recently weighed in on HUBS. BMO Capital Markets lifted their price objective on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Barclays lifted their price objective on shares of HubSpot from $725.00 to $815.00 and gave the company an “equal weight” rating in a report on Thursday. Wells Fargo & Company lifted their price objective on shares of HubSpot from $810.00 to $835.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Oppenheimer lifted their price objective on shares of HubSpot from $850.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Mizuho lifted their price objective on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and a consensus price target of $857.75.

HubSpot Price Performance

Shares of HubSpot stock opened at $812.44 on Thursday. The firm has a fifty day moving average price of $734.12 and a 200 day moving average price of $619.11. HubSpot has a 1 year low of $434.84 and a 1 year high of $881.13. The stock has a market cap of $41.94 billion, a PE ratio of -3,008.92, a price-to-earnings-growth ratio of 43.94 and a beta of 1.72.

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

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 115 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the completion of the transaction, the chief technology officer now owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. This represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,112 shares of company stock worth $51,432,627 in the last ninety days. 4.50% of the stock is owned by insiders.

Hedge Funds Weigh In On HubSpot

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

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.