HubSpot (NYSE:HUBS) Price Target Raised to $825.00

HubSpot (NYSE:HUBS - Get Free Report) had its price objective raised by equities researchers at Royal Bank of Canada from $750.00 to $825.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the software maker's stock. Royal Bank of Canada's target price suggests a potential upside of 17.38% from the stock's previous close.

HUBS has been the topic of several other reports. Canaccord Genuity Group upped their price target on shares of HubSpot from $600.00 to $710.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Wells Fargo & Company upped their target price on shares of HubSpot from $625.00 to $750.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Evercore ISI lifted their price target on HubSpot from $610.00 to $700.00 and gave the stock an "in-line" rating in a report on Thursday, November 7th. Bank of America upped their price objective on HubSpot from $780.00 to $850.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Finally, The Goldman Sachs Group lifted their target price on HubSpot from $626.00 to $690.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $705.64.

HubSpot Price Performance

HUBS traded up $5.42 during trading on Friday, reaching $702.85. The company had a trading volume of 419,235 shares, compared to its average volume of 366,067. The company has a market cap of $36.28 billion, a P/E ratio of -2,603.05, a PEG ratio of 87.75 and a beta of 1.70. HubSpot has a 12 month low of $434.84 and a 12 month high of $762.47. The business's fifty day moving average price is $689.11 and its 200 day moving average price is $576.96.

HubSpot (NYSE:HUBS - Get Free Report) last released 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. The firm had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company's revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) EPS. As a group, sell-side analysts predict that HubSpot will post 0.4 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Dawson Alyssa Harvey sold 573 shares of the company's stock in a transaction dated 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 owns 7,603 shares in the company, valued at approximately $5,322,100. This represents a 7.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Yamini Rangan sold 1,374 shares of the firm's stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $755,700.00. Following the completion of the sale, the chief executive officer now owns 61,294 shares of the company's stock, valued at approximately $33,711,700. This represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,391 shares of company stock valued at $53,243,511 over the last quarter. Insiders own 4.50% of the company's stock.

Institutional Trading of HubSpot

Hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in shares of HubSpot in the second quarter valued at approximately $35,000. Farther Finance Advisors LLC boosted its holdings in HubSpot by 62.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 384 shares of the software maker's stock worth $228,000 after acquiring an additional 147 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of HubSpot by 10.0% in the 2nd quarter. CIBC Asset Management Inc now owns 1,797 shares of the software maker's stock worth $1,060,000 after acquiring an additional 163 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of HubSpot by 3.4% in the second quarter. Rhumbline Advisers now owns 67,067 shares of the software maker's stock valued at $39,555,000 after purchasing an additional 2,217 shares during the last quarter. Finally, Founders Financial Securities LLC lifted its position in shares of HubSpot by 7.8% during the second quarter. Founders Financial Securities LLC now owns 484 shares of the software maker's stock valued at $285,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

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.