Mizuho Raises HubSpot (NYSE:HUBS) Price Target to $775.00

HubSpot (NYSE:HUBS) had its target price raised by equities research analysts at Mizuho from $725.00 to $775.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the software maker’s stock. Mizuho’s price objective suggests a potential upside of 7.36% from the stock’s current price.

HUBS has been the subject of a number of other reports. Canaccord Genuity Group raised their price target on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. The Goldman Sachs Group raised their price objective on shares of HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada boosted their target price on shares of HubSpot from $700.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Stifel Nicolaus raised their price target on shares of HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Wells Fargo & Company upped their price objective on shares of HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $689.95.

HubSpot Trading Down 1.7 %

Shares of HUBS stock opened at $721.86 on Friday. The stock’s fifty day simple moving average is $637.78 and its 200-day simple moving average is $564.70. The company has a market capitalization of $37.26 billion, a price-to-earnings ratio of -2,673.46, a P/E/G ratio of 88.26 and a beta of 1.70. HubSpot has a 1-year low of $434.84 and a 1-year high of $762.47.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. 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 prior year, the firm earned ($0.04) EPS. The company’s revenue was up 20.1% compared to the same quarter last year. On average, sell-side analysts predict that HubSpot will post 0.4 EPS for the current year.

Insider Transactions at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the sale, the insider now owns 513,698 shares in the company, valued at $339,857,459.82. The trade was a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dawson Alyssa Harvey sold 573 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $401,100.00. Following the completion of the sale, the insider now directly owns 7,603 shares in the company, valued at $5,322,100. This trade represents a 7.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,390 shares of company stock worth $29,126,596. 4.50% of the stock is currently owned by company insiders.

Institutional Trading of HubSpot

Several institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new position in HubSpot during the third quarter worth about $25,000. International Assets Investment Management LLC acquired a new position in shares of HubSpot in the 2nd quarter worth approximately $35,000. HM Payson & Co. lifted its position in shares of HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after buying an additional 18 shares during the period. Crewe Advisors LLC boosted its stake in HubSpot by 525.0% in the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after buying an additional 63 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in HubSpot by 41.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock valued at $64,000 after acquiring an additional 32 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.