HubSpot (NYSE:HUBS) Price Target Raised to $900.00 at Citigroup

HubSpot (NYSE:HUBS) had its price target lifted by equities researchers at Citigroup from $750.00 to $900.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Citigroup’s price target points to a potential upside of 14.67% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. Mizuho lifted their target price on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Piper Sandler cut shares of HubSpot from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $570.00 to $640.00 in a report on Thursday, November 7th. UBS Group cut shares of HubSpot from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th. Royal Bank of Canada lifted their target price on shares of HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, Scotiabank lifted their target price on shares of HubSpot from $700.00 to $825.00 and gave the company a “sector outperform” rating in a report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and an average price target of $747.92.

HubSpot Trading Up 0.0 %

HUBS stock opened at $784.84 on Tuesday. HubSpot has a twelve month low of $434.84 and a twelve month high of $811.79. The company’s 50 day moving average is $731.91 and its two-hundred day moving average is $616.53. The stock has a market cap of $40.51 billion, a P/E ratio of -2,906.71, a PEG ratio of 43.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. On average, equities research analysts predict that HubSpot will post 0.42 earnings per share for the current year.

Insider Buying and Selling

In other HubSpot news, CFO Kathryn Bueker sold 1,796 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $1,260,055.64. Following the completion of the transaction, the chief financial officer now owns 38,560 shares in the company, valued at $27,053,310.40. This represents a 4.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Yamini Rangan sold 3,057 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the transaction, the chief executive officer now owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. This represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,112 shares of company stock valued at $51,432,627. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Landscape Capital Management L.L.C. purchased a new position in shares of HubSpot during the 4th quarter valued at approximately $290,000. Thoroughbred Financial Services LLC purchased a new position in shares of HubSpot during the 4th quarter valued at approximately $203,000. Motley Fool Asset Management LLC boosted its stake in shares of HubSpot by 16.8% during the 4th quarter. Motley Fool Asset Management LLC now owns 1,201 shares of the software maker’s stock valued at $837,000 after buying an additional 173 shares during the last quarter. World Investment Advisors purchased a new position in shares of HubSpot during the 4th quarter valued at approximately $226,000. Finally, Bryce Point Capital LLC purchased a new position in shares of HubSpot during the 4th quarter valued at approximately $1,529,000. Hedge funds and other institutional investors 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.