HubSpot (HUBS) Given New $105.00 Price Target at UBS Group

HubSpot (NYSE:HUBS) had its price objective upped by equities researchers at UBS Group from $103.00 to $105.00 in a research report issued to clients and investors on Wednesday, 247wallst.com reports. The firm currently has an “outperform” rating on the software maker’s stock. UBS Group’s target price would indicate a potential upside of 4.32% from the stock’s current price.

Several other brokerages also recently issued reports on HUBS. Morgan Stanley reaffirmed an “equal weight” rating and issued a $96.00 price objective (down previously from $99.00) on shares of HubSpot in a research report on Tuesday, January 30th. They noted that the move was a valuation call. Stifel Nicolaus increased their price objective on shares of HubSpot from $88.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday. Needham & Company LLC raised their price target on shares of HubSpot from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday. Zacks Investment Research downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of HubSpot from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Monday. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. HubSpot has an average rating of “Buy” and an average target price of $90.94.

Shares of HubSpot (NYSE:HUBS) traded up $3.65 during trading hours on Wednesday, reaching $100.65. 349,393 shares of the company’s stock traded hands, compared to its average volume of 359,313. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.55 and a quick ratio of 3.55. HubSpot has a one year low of $55.80 and a one year high of $102.30. The firm has a market capitalization of $3,613.83, a P/E ratio of -86.64 and a beta of 2.24.

In related news, Director Julia Herendeen sold 1,000 shares of the firm’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $89.15, for a total transaction of $89,150.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian Halligan sold 25,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $88.30, for a total value of $2,207,500.00. Following the transaction, the chief executive officer now owns 796,119 shares in the company, valued at $70,297,307.70. The disclosure for this sale can be found here. Insiders have sold 35,000 shares of company stock valued at $3,134,850 in the last three months. Corporate insiders own 12.10% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Quantitative Investment Management LLC bought a new position in HubSpot during the fourth quarter worth $3,341,000. Profund Advisors LLC lifted its stake in HubSpot by 11.1% during the fourth quarter. Profund Advisors LLC now owns 26,777 shares of the software maker’s stock worth $2,367,000 after purchasing an additional 2,686 shares during the last quarter. Renaissance Technologies LLC lifted its stake in HubSpot by 6.8% during the fourth quarter. Renaissance Technologies LLC now owns 74,100 shares of the software maker’s stock worth $6,550,000 after purchasing an additional 4,700 shares during the last quarter. AXA lifted its stake in HubSpot by 4.5% during the fourth quarter. AXA now owns 73,164 shares of the software maker’s stock worth $6,468,000 after purchasing an additional 3,164 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in HubSpot by 9.0% during the fourth quarter. Alliancebernstein L.P. now owns 1,233,632 shares of the software maker’s stock worth $109,053,000 after purchasing an additional 101,364 shares during the last quarter. Hedge funds and other institutional investors own 94.58% of the company’s stock.

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About HubSpot

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.

Analyst Recommendations for HubSpot (NYSE:HUBS)

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