HubSpot (NYSE:HUBS) Given New $610.00 Price Target at Evercore ISI

HubSpot (NYSE:HUBS) had its price objective increased by Evercore ISI from $550.00 to $610.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an in-line rating on the software maker’s stock.

HUBS has been the topic of several other reports. Royal Bank of Canada restated an “outperform” rating and issued a $700.00 price target on shares of HubSpot in a research report on Thursday, September 19th. KeyCorp upgraded HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 target price on the stock in a report on Thursday, August 8th. Barclays lowered their price target on HubSpot from $575.00 to $500.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Oppenheimer reissued an “outperform” rating and set a $625.00 price objective on shares of HubSpot in a research note on Thursday, September 19th. Finally, Citigroup lowered their target price on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $614.33.

HubSpot Stock Up 0.0 %

Shares of HUBS stock opened at $531.87 on Wednesday. The firm has a market cap of $27.10 billion, a price-to-earnings ratio of -200.70, a PEG ratio of 7,193.98 and a beta of 1.64. HubSpot has a 12 month low of $407.23 and a 12 month high of $693.85. The stock has a 50-day moving average price of $515.39 and a 200 day moving average price of $551.97.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The business had revenue of $637.20 million during the quarter, compared to the consensus estimate of $619.28 million. During the same period in the previous year, the firm posted ($1.17) earnings per share. HubSpot’s revenue for the quarter was up 20.4% compared to the same quarter last year.

Insider Activity

In related news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares in the company, valued at approximately $33,009,441.57. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other HubSpot news, insider Dawson Alyssa Harvey sold 384 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total value of $179,416.32. Following the completion of the sale, the insider now owns 9,735 shares in the company, valued at $4,548,484.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the transaction, the chief executive officer now owns 67,203 shares in the company, valued at $33,009,441.57. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,321 shares of company stock worth $3,374,089 in the last quarter. Corporate 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 company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of HubSpot by 34.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,334 shares of the software maker’s stock valued at $3,395,000 after buying an additional 1,626 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of HubSpot by 8.5% during the 3rd quarter. Ballentine Partners LLC now owns 539 shares of the software maker’s stock worth $287,000 after acquiring an additional 42 shares during the last quarter. Moody Lynn & Lieberson LLC raised its stake in HubSpot by 28.8% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 452 shares of the software maker’s stock valued at $240,000 after acquiring an additional 101 shares during the period. Zweig DiMenna Associates LLC lifted its holdings in HubSpot by 76.7% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 32,254 shares of the software maker’s stock valued at $17,146,000 after purchasing an additional 14,000 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its position in HubSpot by 1.1% during the third quarter. IFM Investors Pty Ltd now owns 10,066 shares of the software maker’s stock worth $5,351,000 after purchasing an additional 110 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.