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

HubSpot (NYSE:HUBS) had its price objective lifted by investment analysts at UBS Group from $550.00 to $650.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the software maker’s stock. UBS Group’s price objective suggests a potential downside of 1.00% from the company’s previous close.

A number of other research analysts also recently commented on HUBS. Raymond James reduced their price objective on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Citigroup dropped their target price on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $730.00 price objective on shares of HubSpot in a research report on Monday, October 14th. Stifel Nicolaus raised their target price on shares of HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, BMO Capital Markets upped their target price on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $660.96.

HubSpot Stock Performance

Shares of NYSE HUBS traded up $11.95 during midday trading on Thursday, reaching $656.56. 947,094 shares of the company’s stock were exchanged, compared to its average volume of 380,530. HubSpot has a 52-week low of $413.07 and a 52-week high of $693.85. The business’s fifty day moving average price is $535.45 and its two-hundred day moving average price is $546.83. The stock has a market capitalization of $33.71 billion, a PE ratio of -2,432.06, a price-to-earnings-growth ratio of 7,948.12 and a beta of 1.63.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative return on equity of 1.22% and a negative net margin of 0.56%. The company had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. During the same period in the prior year, the company posted ($1.17) EPS. HubSpot’s quarterly revenue was up 20.4% on a year-over-year basis.

Insider Activity

In other HubSpot news, CFO Kathryn Bueker sold 1,136 shares of HubSpot stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total value of $597,354.24. Following the transaction, the chief financial officer now owns 41,259 shares in the company, valued at approximately $21,695,632.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other HubSpot news, CFO Kathryn Bueker sold 1,136 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $597,354.24. Following the sale, the chief financial officer now owns 41,259 shares in the company, valued at approximately $21,695,632.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the firm’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 completion of the transaction, the chief executive officer now owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,937 shares of company stock worth $3,194,673. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

Several large investors have recently added to or reduced their stakes in HUBS. Geneos Wealth Management Inc. raised its position in HubSpot by 1,125.0% during the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock valued at $31,000 after buying an additional 45 shares during the period. International Assets Investment Management LLC acquired a new position in shares of HubSpot in the 2nd quarter valued at about $35,000. HM Payson & Co. lifted its position in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares in the last quarter. Crewe Advisors LLC boosted its holdings in shares of HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after purchasing an additional 63 shares during the period. Finally, J.Safra Asset Management Corp grew its position in HubSpot by 690.9% during the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock valued at $51,000 after purchasing an additional 76 shares in the last quarter. 90.39% of the stock is 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.