JPMorgan Chase & Co. Issues Positive Forecast for HubSpot (NYSE:HUBS) Stock Price

HubSpot (NYSE:HUBS) had its target price raised by JPMorgan Chase & Co. from $560.00 to $635.00 in a report released on Thursday,Benzinga reports. They currently have an overweight rating on the software maker’s stock.

A number of other research analysts have also issued reports on the company. Evercore ISI boosted their price target on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research report on Thursday. Royal Bank of Canada upped their price target on shares of HubSpot from $700.00 to $750.00 and gave the stock an “outperform” rating in a research note on Thursday. The Goldman Sachs Group increased their price objective on shares of HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a report on Thursday. Oppenheimer reissued an “outperform” rating and set a $625.00 target price on shares of HubSpot in a report on Thursday, September 19th. Finally, Canaccord Genuity Group increased their price target on HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $666.26.

HubSpot Stock Up 1.9 %

Shares of NYSE:HUBS traded up $11.95 on Thursday, reaching $656.56. 947,094 shares of the company’s stock were exchanged, compared to its average volume of 380,530. The firm has a market capitalization of $33.89 billion, a price-to-earnings ratio of -2,431.70, a PEG ratio of 7,948.12 and a beta of 1.63. HubSpot has a fifty-two week low of $413.07 and a fifty-two week high of $693.85. The business’s 50-day moving average is $535.45 and its two-hundred day moving average is $546.83.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.22%. The company had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year.

Insider Transactions at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 1,136 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $597,354.24. Following the completion of the sale, the chief financial officer now owns 41,259 shares in the company, valued at approximately $21,695,632.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Yamini Rangan sold 1,507 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $792,440.88. Following the sale, the chief executive officer now owns 62,668 shares of the company’s stock, valued at $32,953,341.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 1,136 shares of the company’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 completion of the sale, the chief financial officer now directly 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,937 shares of company stock worth $3,194,673. 4.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On HubSpot

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HUBS. Intech Investment Management LLC boosted its holdings in shares of HubSpot by 14.9% in the 3rd quarter. Intech Investment Management LLC now owns 2,788 shares of the software maker’s stock worth $1,482,000 after acquiring an additional 362 shares in the last quarter. Moran Wealth Management LLC boosted its stake in HubSpot by 70.4% in the third quarter. Moran Wealth Management LLC now owns 1,285 shares of the software maker’s stock worth $683,000 after purchasing an additional 531 shares in the last quarter. Altman Advisors Inc. acquired a new stake in shares of HubSpot in the third quarter valued at $1,704,000. Bellwether Advisors LLC bought a new position in shares of HubSpot in the third quarter valued at about $4,187,000. Finally, Anthracite Investment Company Inc. acquired a new position in HubSpot during the 3rd quarter worth about $2,552,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.