HubSpot (HUBS) Price Target Raised to $110.00

HubSpot (NYSE:HUBS) had its price target raised by stock analysts at Needham & Company LLC from $95.00 to $110.00 in a report released on Wednesday. The firm presently has a “buy” rating on the software maker’s stock. Needham & Company LLC’s target price points to a potential upside of 13.40% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus lifted their price objective on HubSpot from $88.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley boosted their target price on HubSpot from $105.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Oppenheimer boosted their target price on HubSpot from $91.00 to $93.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. UBS Group reissued an “outperform” rating and set a $91.00 target price (up from $82.00) on shares of HubSpot in a research note on Thursday, October 26th. Finally, JPMorgan Chase & Co. boosted their target price on HubSpot from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Monday. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $90.82.

Shares of HubSpot (NYSE:HUBS) opened at $97.00 on Wednesday. HubSpot has a one year low of $55.80 and a one year high of $102.30. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $3,613.83, a price-to-earnings ratio of -83.62 and a beta of 2.24.

In other HubSpot news, insider Hunter Madeley sold 7,000 shares of HubSpot stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $95.35, for a total transaction of $667,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Halligan sold 25,000 shares of HubSpot stock in a transaction dated 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 sale, the chief executive officer now directly owns 796,119 shares of the company’s stock, valued at $70,297,307.70. The disclosure for this sale can be found here. Insiders have sold a total of 35,000 shares of company stock valued at $3,134,850 over the last ninety days. 12.10% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of HubSpot by 17.4% in the 2nd quarter. State Street Corp now owns 622,514 shares of the software maker’s stock valued at $40,930,000 after purchasing an additional 92,448 shares during the last quarter. American International Group Inc. lifted its holdings in shares of HubSpot by 8.1% in the 3rd quarter. American International Group Inc. now owns 22,572 shares of the software maker’s stock valued at $1,897,000 after purchasing an additional 1,687 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of HubSpot by 13.3% in the 3rd quarter. Legal & General Group Plc now owns 13,969 shares of the software maker’s stock valued at $1,168,000 after purchasing an additional 1,641 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of HubSpot by 29.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 505,034 shares of the software maker’s stock valued at $41,386,000 after purchasing an additional 113,604 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of HubSpot by 25.2% in the 3rd quarter. New York State Common Retirement Fund now owns 117,761 shares of the software maker’s stock valued at $9,898,000 after purchasing an additional 23,668 shares during the last quarter. 94.58% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This report was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/02/14/hubspot-hubs-price-target-raised-to-110-00.html.

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)

Receive News & Ratings for HubSpot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HubSpot and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply