HubSpot (NYSE:HUBS) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

by · The Cerbat Gem

HubSpot (NYSE:HUBS – Free Report) had its target price hoisted by JPMorgan Chase & Co. from $560.00 to $635.00 in a research report report published on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the software maker’s stock.

HUBS has been the subject of several other research reports. BMO Capital Markets raised 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. Barclays decreased their target price on HubSpot from $575.00 to $500.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Truist Financial restated a “buy” rating and set a $600.00 price target (down previously from $700.00) on shares of HubSpot in a report on Thursday, August 8th. Wells Fargo & Company lifted their price objective on HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Citigroup cut their target price on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $666.26.

Check Out Our Latest Research Report on HubSpot

HubSpot Stock Up 1.9 %

HUBS opened at $656.56 on Thursday. HubSpot has a 52 week low of $413.07 and a 52 week high of $693.85. The business has a fifty day simple moving average of $535.45 and a 200-day simple moving average of $546.09. The firm has a market cap of $33.89 billion, a P/E ratio of -2,431.61, a P/E/G ratio of 8,729.41 and a beta of 1.63.

HubSpot (NYSE:HUBS – Get Free Report) last released its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.27. The company had revenue of $669.72 million during 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%. HubSpot’s revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.04) EPS.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 116 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares in the company, valued at approximately $33,009,441.57. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Kathryn Bueker sold 1,136 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the sale, the chief financial officer now owns 41,259 shares of the company’s stock, valued at approximately $21,695,632.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Yamini Rangan sold 116 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the transaction, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,937 shares of company stock valued at $3,194,673. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On HubSpot

Several hedge funds have recently bought and sold shares of HUBS. Intech Investment Management LLC boosted its position in HubSpot by 14.9% during the third quarter. Intech Investment Management LLC now owns 2,788 shares of the software maker’s stock worth $1,482,000 after purchasing an additional 362 shares in the last quarter. Moran Wealth Management LLC raised its stake in shares of HubSpot by 70.4% during the 3rd quarter. Moran Wealth Management LLC now owns 1,285 shares of the software maker’s stock worth $683,000 after buying an additional 531 shares during the last quarter. Altman Advisors Inc. purchased a new stake in shares of HubSpot in the 3rd quarter worth about $1,704,000. Bellwether Advisors LLC acquired a new stake in HubSpot in the 3rd quarter valued at about $4,187,000. Finally, Anthracite Investment Company Inc. purchased a new position in HubSpot during the 3rd quarter valued at about $2,552,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

About HubSpot

(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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