HubSpot (NYSE:HUBS) Price Target Raised to $900.00 at Jefferies Financial Group

HubSpot (NYSE:HUBS) had its target price lifted by stock analysts at Jefferies Financial Group from $860.00 to $900.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. Jefferies Financial Group’s target price suggests a potential upside of 17.61% from the stock’s previous close.

HUBS has been the subject of a number of other reports. Stifel Nicolaus increased their price target on shares of HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Wells Fargo & Company raised their price objective on shares of HubSpot from $750.00 to $810.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Scotiabank upped their price objective on shares of HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, January 8th. Oppenheimer raised their target price on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets increased their price target on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus target price of $732.88.

HubSpot Stock Performance

NYSE:HUBS opened at $765.26 on Monday. The stock has a 50-day simple moving average of $725.07 and a 200 day simple moving average of $604.09. HubSpot has a one year low of $434.84 and a one year high of $811.79. The company has a market capitalization of $39.50 billion, a price-to-earnings ratio of -2,834.19, a price-to-earnings-growth ratio of 44.02 and a beta of 1.72.

HubSpot (NYSE:HUBS) last issued 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 return on equity of 1.16% and a negative net margin of 0.56%. The company had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. During the same period last year, the firm earned ($0.04) EPS. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, equities research analysts forecast that HubSpot will post 0.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, CFO Kathryn Bueker sold 4,381 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $3,066,700.00. Following the completion of the transaction, the chief financial officer now owns 41,259 shares in the company, valued at $28,881,300. This trade represents a 9.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dawson Alyssa Harvey sold 573 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 7,603 shares of the company’s stock, valued at approximately $5,322,100. This represents a 7.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,066 shares of company stock worth $54,900,427. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new stake in HubSpot during the 3rd quarter valued at $25,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after acquiring an additional 19 shares during the period. Bank of Jackson Hole Trust purchased a new position in HubSpot during the 4th quarter valued at about $35,000. HM Payson & Co. grew its holdings in 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 during the period. Finally, Friedenthal Financial bought a new position in shares of HubSpot in the fourth quarter worth approximately $50,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.