HubSpot (NYSE:HUBS) Price Target Raised to $825.00 at Royal Bank of Canada

HubSpot (NYSE:HUBS) had its target price lifted by Royal Bank of Canada from $750.00 to $825.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an outperform rating on the software maker’s stock.

A number of other research analysts have also recently weighed in on HUBS. BMO Capital Markets lifted 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. Oppenheimer lifted their target price on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. The Goldman Sachs Group increased their price target on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price objective on HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Mizuho increased their target price on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $705.64.

HubSpot Stock Up 0.8 %

Shares of NYSE HUBS opened at $702.85 on Friday. The stock has a market capitalization of $36.28 billion, a PE ratio of -2,603.05, a P/E/G ratio of 87.75 and a beta of 1.70. The firm has a fifty day moving average of $689.11 and a 200-day moving average of $576.96. HubSpot has a 52-week low of $434.84 and a 52-week high of $762.47.

HubSpot (NYSE:HUBS) last announced 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. The company had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm’s revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) earnings per share. Equities research analysts expect that HubSpot will post 0.4 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 115 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total transaction of $82,085.85. Following the sale, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathryn Bueker sold 1,804 shares of HubSpot stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $550.00, for a total transaction of $992,200.00. Following the completion of the transaction, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at $22,692,450. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,391 shares of company stock worth $53,243,511 over the last quarter. 4.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HUBS. Everence Capital Management Inc. bought a new stake in HubSpot in the fourth quarter valued at $1,010,000. GAMMA Investing LLC increased its holdings in shares of HubSpot by 16.9% in the 4th quarter. GAMMA Investing LLC now owns 221 shares of the software maker’s stock worth $154,000 after acquiring an additional 32 shares during the period. Oddo BHF Asset Management Sas acquired a new position in HubSpot during the 3rd quarter valued at about $740,000. Wilmington Savings Fund Society FSB bought a new position in HubSpot in the 3rd quarter worth about $25,000. Finally, Coldstream Capital Management Inc. increased its stake in shares of HubSpot by 40.8% in the third quarter. Coldstream Capital Management Inc. now owns 783 shares of the software maker’s stock valued at $433,000 after purchasing an additional 227 shares during the period. 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.