HubSpot (NYSE:HUBS) Price Target Raised to $900.00 at Canaccord Genuity Group

HubSpot (NYSE:HUBS) had its price target raised by Canaccord Genuity Group from $710.00 to $900.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

A number of other equities research analysts also recently weighed in on HUBS. Morgan Stanley raised their price target on shares of HubSpot from $835.00 to $898.00 and gave the company an “overweight” rating in a research note on Thursday. Royal Bank of Canada boosted their target price on shares of HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Evercore ISI upped their price target on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. raised their price objective on HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Truist Financial reaffirmed a “buy” rating and issued a $750.00 target price (up previously from $600.00) on shares of HubSpot in a report on Friday, November 8th. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $857.75.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $819.36 on Thursday. HubSpot has a 1 year low of $434.84 and a 1 year high of $881.13. The stock has a market capitalization of $42.30 billion, a price-to-earnings ratio of -3,034.57, a price-to-earnings-growth ratio of 43.94 and a beta of 1.72. The company’s 50 day simple moving average is $732.48 and its 200 day simple moving average is $617.71.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. As a group, analysts anticipate that HubSpot will post 0.42 EPS for the current fiscal year.

Insider Activity

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the completion of the transaction, the chief technology officer now owns 1,323,145 shares in the company, valued at approximately $889,973,789.90. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the sale, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,112 shares of company stock worth $51,432,627 over the last quarter. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

Hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of HubSpot in the third quarter valued at about $25,000. Larson Financial Group LLC grew its position in HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after purchasing an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after buying an additional 19 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its position in shares of HubSpot by 213.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock worth $33,000 after buying an additional 32 shares in the last quarter. Finally, Bank of Jackson Hole Trust purchased a new position in shares of HubSpot in the 4th quarter worth approximately $35,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.