Stifel Nicolaus Increases HubSpot (NYSE:HUBS) Price Target to $750.00

HubSpot (NYSE:HUBS) had its target price raised by Stifel Nicolaus from $700.00 to $750.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ price target indicates a potential upside of 13.79% from the company’s previous close.

A number of other brokerages have also recently issued reports on HUBS. UBS Group restated a “neutral” rating and set a $525.00 target price on shares of HubSpot in a research report on Thursday, February 15th. Piper Sandler reiterated an “overweight” rating and set a $675.00 target price on shares of HubSpot in a report on Friday, April 5th. TheStreet raised HubSpot from a “d+” rating to a “c-” rating in a research report on Thursday, January 4th. Evercore ISI upped their price objective on HubSpot from $625.00 to $650.00 and gave the company an “in-line” rating in a research report on Thursday, February 15th. Finally, William Blair reaffirmed an “outperform” rating on shares of HubSpot in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $642.36.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $659.13 on Monday. The firm has a market capitalization of $33.40 billion, a price-to-earnings ratio of -185.67 and a beta of 1.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.96 and a quick ratio of 1.96. The business’s 50 day simple moving average is $619.93 and its 200-day simple moving average is $544.70. HubSpot has a 12 month low of $394.26 and a 12 month high of $693.85.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.22. The company had revenue of $581.91 million for the quarter, compared to the consensus estimate of $557.48 million. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. As a group, equities analysts forecast that HubSpot will post -0.98 earnings per share for the current fiscal year.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 8,817 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $620.00, for a total value of $5,466,540.00. Following the transaction, the chief executive officer now directly owns 88,977 shares in the company, valued at approximately $55,165,740. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other HubSpot news, CEO Yamini Rangan sold 8,817 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $620.00, for a total transaction of $5,466,540.00. Following the completion of the sale, the chief executive officer now directly owns 88,977 shares in the company, valued at $55,165,740. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dawson Alyssa Harvey sold 1,086 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $618.25, for a total transaction of $671,419.50. Following the completion of the transaction, the insider now directly owns 7,783 shares in the company, valued at approximately $4,811,839.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,362 shares of company stock valued at $13,329,601. Company insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Rakuten Securities Inc. acquired a new position in shares of HubSpot in the fourth quarter worth about $29,000. Quarry LP boosted its holdings in shares of HubSpot by 47.4% in the 4th quarter. Quarry LP now owns 56 shares of the software maker’s stock valued at $33,000 after buying an additional 18 shares during the period. Venturi Wealth Management LLC raised its stake in HubSpot by 335.7% during the fourth quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock worth $35,000 after acquiring an additional 47 shares during the period. Larson Financial Group LLC lifted its holdings in HubSpot by 1,380.0% in the fourth quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock worth $43,000 after acquiring an additional 69 shares during the last quarter. Finally, Alta Advisers Ltd acquired a new position in HubSpot in the third quarter valued at approximately $49,000. 90.39% of the stock is currently 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.