Stifel Nicolaus Increases HubSpot (NYSE:HUBS) Price Target to $625.00

by · The Cerbat Gem

HubSpot (NYSE:HUBS – Get Free Report) had its price objective upped by analysts at Stifel Nicolaus from $600.00 to $625.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 15.51% from the company’s previous close.

HUBS has been the topic of several other research reports. UBS Group cut their target price on HubSpot from $580.00 to $550.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Bank of America cut their price target on HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Citigroup lowered their price objective on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Canaccord Genuity Group cut their target price on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Evercore ISI decreased their price target on shares of HubSpot from $650.00 to $550.00 and set an “in-line” rating for the company in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $611.83.

Get Our Latest Research Report on HubSpot

HubSpot Stock Performance

HubSpot stock opened at $541.08 on Tuesday. The firm has a market cap of $27.57 billion, a price-to-earnings ratio of -204.18, a PEG ratio of 7,010.23 and a beta of 1.64. HubSpot has a 52-week low of $407.23 and a 52-week high of $693.85. The firm has a 50 day moving average price of $500.14 and a two-hundred day moving average price of $558.51.

HubSpot (NYSE:HUBS – Get Free Report) last announced its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. The business had revenue of $637.20 million during the quarter, compared to the consensus estimate of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. HubSpot’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the firm earned ($1.17) earnings per share.

Insider Activity

In related news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total value of $4,014,295.00. Following the transaction, the insider now directly owns 518,152 shares of the company’s stock, valued at approximately $244,707,645.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other HubSpot news, insider Dawson Alyssa Harvey sold 384 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total transaction of $179,416.32. Following the completion of the transaction, the insider now directly owns 9,735 shares of the company’s stock, valued at approximately $4,548,484.05. This represents a 0.00 % 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, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total value of $4,014,295.00. Following the completion of the sale, the insider now directly owns 518,152 shares of the company’s stock, valued at $244,707,645.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,643 shares of company stock valued at $5,640,484 in the last ninety days. 4.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Tobam boosted its position in HubSpot by 54.5% during the third quarter. Tobam now owns 204 shares of the software maker’s stock worth $108,000 after purchasing an additional 72 shares during the period. Perpetual Ltd increased its position in shares of HubSpot by 79.7% during the third quarter. Perpetual Ltd now owns 1,454 shares of the software maker’s stock valued at $773,000 after buying an additional 645 shares during the period. CWM LLC lifted its holdings in shares of HubSpot by 82.5% in the third quarter. CWM LLC now owns 4,363 shares of the software maker’s stock worth $2,320,000 after buying an additional 1,972 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its position in shares of HubSpot by 10.6% in the third quarter. Azzad Asset Management Inc. ADV now owns 4,339 shares of the software maker’s stock valued at $2,307,000 after acquiring an additional 415 shares during the period. Finally, GAMMA Investing LLC grew its stake in HubSpot by 58.8% during the third quarter. GAMMA Investing LLC now owns 189 shares of the software maker’s stock valued at $100,000 after acquiring an additional 70 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Company Profile

(Get Free Report)

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.

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