Citigroup Issues Positive Forecast for HubSpot (NYSE:HUBS) Stock Price

HubSpot (NYSE:HUBS) had its price objective boosted by Citigroup from $750.00 to $900.00 in a report issued on Tuesday morning,Benzinga reports. Citigroup currently has a buy rating on the software maker’s stock.

A number of other equities analysts also recently commented on the stock. Piper Sandler downgraded shares of HubSpot from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $570.00 to $640.00 in a report on Thursday, November 7th. Barclays raised their target price on HubSpot from $650.00 to $725.00 and gave the company an “equal weight” rating in a research note on Monday, January 27th. Mizuho raised their target price on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Canaccord Genuity Group raised their target price on HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus raised their target price on HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $857.75.

HubSpot Price Performance

HubSpot stock opened at $819.36 on Tuesday. The company has a market cap of $42.30 billion, a PE ratio of -3,034.57, a P/E/G ratio of 43.94 and a beta of 1.72. The company has a fifty day moving average price of $732.48 and a two-hundred day moving average price of $617.71. HubSpot has a 12 month low of $434.84 and a 12 month high of $881.13.

HubSpot (NYSE:HUBS) last released 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 return on equity of 1.16% and a negative net margin of 0.56%. Equities research analysts anticipate that HubSpot will post 0.42 earnings per share for the current year.

Insider Buying and Selling at HubSpot

In related news, Director Lorrie M. Norrington sold 572 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $690.00, for a total value of $394,680.00. Following the sale, the director now directly owns 1,697 shares in the company, valued at $1,170,930. The trade was a 25.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the completion of the sale, the insider now owns 513,698 shares in the company, valued at $339,857,459.82. The trade was a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 73,112 shares of company stock valued at $51,432,627. 4.50% of the stock is owned by insiders.

Institutional Trading of HubSpot

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Canada Pension Plan Investment Board raised its holdings in shares of HubSpot by 58.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 48,406 shares of the software maker’s stock worth $33,728,000 after purchasing an additional 17,818 shares in the last quarter. Regal Investment Advisors LLC raised its holdings in shares of HubSpot by 11.6% in the 4th quarter. Regal Investment Advisors LLC now owns 1,434 shares of the software maker’s stock worth $999,000 after purchasing an additional 149 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in shares of HubSpot in the 4th quarter worth approximately $785,000. Mariner LLC raised its holdings in shares of HubSpot by 4.3% in the 4th quarter. Mariner LLC now owns 5,974 shares of the software maker’s stock worth $4,163,000 after purchasing an additional 249 shares in the last quarter. Finally, SageView Advisory Group LLC bought a new stake in shares of HubSpot in the 4th quarter worth approximately $334,000. 90.39% of the stock is currently owned by institutional investors.

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.