Oppenheimer Increases HubSpot (NYSE:HUBS) Price Target to $900.00

HubSpot (NYSE:HUBS) had its price objective hoisted by stock analysts at Oppenheimer from $850.00 to $900.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the software maker’s stock. Oppenheimer’s price objective points to a potential upside of 10.78% from the company’s current price.

A number of other analysts also recently issued reports on the stock. UBS Group downgraded shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 17th. Barclays increased their target price on shares of HubSpot from $725.00 to $815.00 and gave the stock an “equal weight” rating in a research report on Thursday. BMO Capital Markets increased their target price on shares of HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased their target price on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Jefferies Financial Group upped their price target on HubSpot from $860.00 to $900.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and an average price target of $857.75.

HubSpot Price Performance

NYSE HUBS opened at $812.44 on Thursday. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13. The company has a 50-day moving average of $734.12 and a 200-day moving average of $619.11. The company has a market cap of $41.94 billion, a P/E ratio of -3,008.92, a P/E/G ratio of 43.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates 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, equities research analysts anticipate that HubSpot will post 0.42 EPS for the current year.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction 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 sale, the insider now directly owns 513,698 shares of the company’s stock, valued at $339,857,459.82. This trade represents a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Yamini Rangan sold 115 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the sale, the chief executive officer now directly owns 61,179 shares in the company, valued at $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,112 shares of company stock valued at $51,432,627. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Large investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in HubSpot in the third quarter worth $25,000. Larson Financial Group LLC increased its position in HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after buying an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares during the period. Coppell Advisory Solutions LLC increased its holdings in shares of HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock valued at $32,000 after purchasing an additional 22 shares during the period. Finally, Aster Capital Management DIFC Ltd increased its holdings in shares of HubSpot by 213.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker’s stock valued at $33,000 after purchasing an additional 32 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

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.