HubSpot (HUBS) PT Raised to $115.00

HubSpot (NYSE:HUBS) had its price target boosted by investment analysts at Canaccord Genuity from $98.00 to $115.00 in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the software maker’s stock. Canaccord Genuity’s target price would indicate a potential upside of 11.49% from the stock’s previous close.

HUBS has been the subject of a number of other reports. Zacks Investment Research lowered shares of HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Morgan Stanley upped their price target on shares of HubSpot from $93.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. Needham & Company LLC upped their price target on shares of HubSpot to $95.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. UBS Group reaffirmed a “buy” rating and issued a $93.00 price target on shares of HubSpot in a research note on Thursday, November 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of HubSpot from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Monday. Four 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. The stock currently has a consensus rating of “Buy” and a consensus price target of $93.76.

Shares of HubSpot (HUBS) traded up $6.15 during trading hours on Wednesday, hitting $103.15. 1,177,235 shares of the stock were exchanged, compared to its average volume of 369,015. The firm has a market cap of $3,850.00, a price-to-earnings ratio of -88.92 and a beta of 2.24. HubSpot has a 12 month low of $55.80 and a 12 month high of $103.95. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.41.

In other news, CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $88.30, for a total transaction of $2,207,500.00. Following the sale, the chief executive officer now owns 796,119 shares in the company, valued at $70,297,307.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Hunter Madeley sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $95.35, for a total transaction of $667,450.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,000 shares of company stock valued at $3,134,850. Company insiders own 12.10% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in HUBS. Point72 Asia Hong Kong Ltd raised its holdings in shares of HubSpot by 153.1% during the first quarter. Point72 Asia Hong Kong Ltd now owns 1,706 shares of the software maker’s stock valued at $103,000 after acquiring an additional 1,032 shares during the period. ETF Managers Group LLC acquired a new stake in shares of HubSpot during the second quarter valued at approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of HubSpot by 136.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,720 shares of the software maker’s stock valued at $113,000 after acquiring an additional 994 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of HubSpot by 67.7% during the second quarter. Teacher Retirement System of Texas now owns 3,146 shares of the software maker’s stock valued at $137,000 after acquiring an additional 1,270 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of HubSpot by 41.3% during the second quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock valued at $142,000 after acquiring an additional 631 shares during the period. Institutional investors and hedge funds own 94.58% of the company’s stock.

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HubSpot Company Profile

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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