Analysts Set HubSpot, Inc. (NYSE:HUBS) Price Target at $818.04

HubSpot, Inc. (NYSE:HUBS - Get Free Report) has received a consensus rating of "Moderate Buy" from the twenty-nine ratings firms that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $804.78.

Several brokerages have recently commented on HUBS. TD Cowen downgraded shares of HubSpot from a "buy" rating to a "hold" rating and raised their price objective for the stock from $680.00 to $725.00 in a research report on Friday, January 17th. JPMorgan Chase & Co. raised their price objective on shares of HubSpot from $635.00 to $725.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Sanford C. Bernstein assumed coverage on shares of HubSpot in a research report on Thursday, March 20th. They issued a "market perform" rating and a $693.00 price target for the company. Raymond James increased their target price on shares of HubSpot from $750.00 to $980.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Finally, Mizuho reduced their target price on shares of HubSpot from $900.00 to $700.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the transaction, the insider now directly owns 527,233 shares of the company's stock, valued at $320,283,502.84. This trade represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the transaction, the chief executive officer now directly owns 72,373 shares in the company, valued at approximately $41,536,312.16. The trade was a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,882 shares of company stock valued at $17,993,757 over the last ninety days. Corporate insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On HubSpot

Institutional investors have recently made changes to their positions in the stock. B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of HubSpot during the fourth quarter valued at about $1,361,000. Oak Harvest Investment Services acquired a new stake in shares of HubSpot during the fourth quarter valued at about $2,065,000. Donoghue Forlines LLC acquired a new stake in shares of HubSpot during the fourth quarter valued at about $2,049,000. Mayflower Financial Advisors LLC acquired a new stake in shares of HubSpot during the fourth quarter valued at about $862,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of HubSpot by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,246 shares of the software maker's stock valued at $2,262,000 after acquiring an additional 49 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Trading Up 5.8 %

NYSE:HUBS traded up $31.49 on Friday, reaching $573.31. 168,417 shares of the stock traded hands, compared to its average volume of 616,421. The firm has a market capitalization of $29.90 billion, a price-to-earnings ratio of 6,370.82, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. The company's 50 day moving average is $617.02 and its 200-day moving average is $660.16. HubSpot has a 1-year low of $434.84 and a 1-year high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. On average, equities research analysts forecast that HubSpot will post 1.01 EPS for the current fiscal year.

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.