Mizuho Forecasts Strong Price Appreciation for HubSpot (NYSE:HUBS) Stock

HubSpot (NYSE:HUBS - Get Free Report) had its price target lifted by equities research analysts at Mizuho from $725.00 to $775.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an "outperform" rating on the software maker's stock. Mizuho's price objective would suggest a potential upside of 7.36% from the stock's previous close.

HUBS has been the subject of a number of other research reports. The Goldman Sachs Group raised their price target on shares of HubSpot from $626.00 to $690.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Canaccord Genuity Group boosted their target price 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. Royal Bank of Canada upped their target price on shares of HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. BMO Capital Markets boosted their price objective on HubSpot from $570.00 to $690.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, Truist Financial restated a "buy" rating and set a $750.00 price objective (up previously from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, HubSpot has a consensus rating of "Moderate Buy" and an average price target of $689.95.

HubSpot Trading Down 1.7 %

HUBS stock traded down $12.63 during trading on Friday, reaching $721.86. The stock had a trading volume of 320,882 shares, compared to its average volume of 586,800. The firm has a fifty day moving average price of $634.05 and a 200 day moving average price of $564.30. The company has a market capitalization of $37.26 billion, a P/E ratio of -2,719.33, a PEG 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 - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping 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 business had revenue of $669.72 million for the quarter, compared to analysts' expectations of $646.97 million. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. The company's revenue was up 20.1% compared to the same quarter last year. Sell-side analysts predict that HubSpot will post 0.4 EPS for the current year.

Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the sale, the chief executive officer now owns 61,179 shares of the company's stock, valued at $43,668,958.41. The trade was a 0.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total value of $16,815,500.00. Following the completion of the transaction, the chief technology officer now directly owns 1,323,145 shares of the company's stock, valued at approximately $889,973,789.90. The trade was a 1.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,390 shares of company stock valued at $29,126,596 in the last ninety days. Company insiders own 4.50% of the company's stock.

Hedge Funds Weigh In On HubSpot

Large investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its holdings in shares of HubSpot by 52.2% in the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker's stock valued at $745,410,000 after acquiring an additional 480,796 shares in the last quarter. Fred Alger Management LLC increased its position in shares of HubSpot by 516.2% during the 2nd quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker's stock valued at $96,307,000 after purchasing an additional 136,793 shares during the period. International Assets Investment Management LLC raised its stake in shares of HubSpot by 214,342.4% in the 3rd quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker's stock worth $672,590,000 after buying an additional 126,462 shares in the last quarter. Marshall Wace LLP raised its stake in shares of HubSpot by 88.7% in the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker's stock worth $142,468,000 after buying an additional 113,555 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of HubSpot by 17.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker's stock valued at $303,689,000 after buying an additional 86,688 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

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.