HubSpot (NYSE:HUBS) Price Target Raised to $610.00 at Evercore ISI

HubSpot (NYSE:HUBS) had its price objective boosted by Evercore ISI from $550.00 to $610.00 in a research note published on Wednesday morning, Benzinga reports. They currently have an in-line rating on the software maker’s stock.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets reiterated an “outperform” rating and issued a $570.00 price objective on shares of HubSpot in a research note on Thursday, September 19th. Oppenheimer reaffirmed an “outperform” rating and set a $625.00 price target on shares of HubSpot in a research report on Thursday, September 19th. Wells Fargo & Company decreased their price objective on HubSpot from $650.00 to $625.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Canaccord Genuity Group dropped their price objective on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Stifel Nicolaus lifted their target price on shares of HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $614.33.

HubSpot Price Performance

NYSE HUBS opened at $565.78 on Wednesday. The business’s fifty day moving average is $516.68 and its 200-day moving average is $551.98. The stock has a market capitalization of $29.05 billion, a price-to-earnings ratio of -1,047.71, a PEG ratio of 7,068.33 and a beta of 1.64. HubSpot has a one year low of $407.23 and a one year high of $693.85.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) 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%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the company posted ($1.17) earnings per share.

Insider Buying and Selling

In other HubSpot news, insider Dawson Alyssa Harvey sold 384 shares of HubSpot stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the completion of the sale, the insider now directly owns 9,735 shares in the company, valued at $4,548,484.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Yamini Rangan sold 116 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the transaction, the chief executive officer now directly owns 67,203 shares in the company, valued at approximately $33,009,441.57. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dawson Alyssa Harvey sold 384 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total value of $179,416.32. Following the completion of the sale, the insider now owns 9,735 shares of the company’s stock, valued at $4,548,484.05. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,321 shares of company stock worth $3,374,089. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Hazlett Burt & Watson Inc. grew its holdings in shares of HubSpot by 19.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock valued at $91,000 after purchasing an additional 25 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in shares of HubSpot by 3.0% in the third quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock worth $494,000 after buying an additional 27 shares during the period. Gilbert & Cook Inc. lifted its stake in shares of HubSpot by 1.4% in the 1st quarter. Gilbert & Cook Inc. now owns 1,993 shares of the software maker’s stock valued at $1,249,000 after acquiring an additional 28 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in HubSpot by 2.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker’s stock valued at $698,000 after acquiring an additional 30 shares during the period. Finally, Quent Capital LLC boosted its holdings in HubSpot by 13.0% during the 2nd quarter. Quent Capital LLC now owns 261 shares of the software maker’s stock valued at $154,000 after acquiring an additional 30 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

About HubSpot

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.