Truist Financial Reaffirms “Buy” Rating for HubSpot (NYSE:HUBS)

HubSpot (NYSE:HUBS)‘s stock had its “buy” rating reiterated by analysts at Truist Financial in a research report issued on Thursday,Benzinga reports. They presently have a $900.00 target price on the software maker’s stock, up from their previous target price of $750.00. Truist Financial’s price target would suggest a potential upside of 10.78% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. The Goldman Sachs Group lifted their price target on HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Needham & Company LLC lifted their target price on HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. lifted their target price on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a report on Tuesday. Wells Fargo & Company lifted their target price on HubSpot from $810.00 to $835.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Finally, Mizuho lifted their target price on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $857.75.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $812.44 on Thursday. The business’s 50-day moving average is $734.12 and its 200 day moving average is $619.11. HubSpot has a 1 year low of $434.84 and a 1 year high of $881.13. The firm has a market capitalization 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. On average, analysts expect that HubSpot will post 0.42 EPS for the current year.

Insider Buying and Selling

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the transaction, the chief technology officer now owns 1,323,145 shares of the company’s stock, valued at approximately $889,973,789.90. The trade was a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the business’s 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 transaction, the insider now directly owns 513,698 shares in the company, valued at $339,857,459.82. This trade represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,112 shares of company stock worth $51,432,627. 4.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB acquired a new position in HubSpot during the third quarter worth $25,000. Larson Financial Group LLC boosted its stake in HubSpot by 168.8% during 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 last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of HubSpot by 73.1% in the 4th 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 last quarter. Coppell Advisory Solutions LLC lifted its stake in shares of HubSpot by 91.7% in the 4th 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 last quarter. Finally, Aster Capital Management DIFC Ltd lifted its stake in shares of HubSpot by 213.3% in the 4th 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 last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.