Stifel Nicolaus Boosts HubSpot (HUBS) Price Target to $110.00

HubSpot (NYSE:HUBS) had its price objective raised by stock analysts at Stifel Nicolaus from $88.00 to $110.00 in a report released on Wednesday. The firm presently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 6.64% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Oppenheimer set a $91.00 price target on shares of HubSpot and gave the company a “buy” rating in a research report on Wednesday, October 25th. UBS Group increased their target price on shares of HubSpot from $84.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Canaccord Genuity increased their target price on shares of HubSpot from $8,398.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Needham & Company LLC increased their target price on shares of HubSpot to $95.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research raised shares of HubSpot from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a report on Tuesday, January 2nd. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $90.94.

HubSpot (HUBS) traded up $6.15 during midday trading on Wednesday, hitting $103.15. 1,177,235 shares of the stock traded hands, compared to its average volume of 395,004. HubSpot has a 12-month low of $55.80 and a 12-month high of $103.95. The stock has a market cap of $3,613.83, a price-to-earnings ratio of -88.92 and a beta of 2.24. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.41.

In other HubSpot news, CEO Brian Halligan sold 25,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 796,119 shares in the company, valued at approximately $70,297,307.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Hunter Madeley sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $95.35, for a total value of $667,450.00. The disclosure for this sale can be found here. Insiders sold a total of 35,000 shares of company stock valued at $3,134,850 over the last 90 days. 12.10% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of HUBS. Ameritas Investment Partners Inc. boosted its stake in HubSpot by 18.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,955 shares of the software maker’s stock worth $194,000 after purchasing an additional 462 shares during the period. ETRADE Capital Management LLC bought a new position in HubSpot in the 3rd quarter worth approximately $203,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in HubSpot by 35.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the software maker’s stock worth $206,000 after purchasing an additional 606 shares during the period. Raymond James Trust N.A. bought a new position in HubSpot in the 4th quarter worth approximately $216,000. Finally, 361 Capital LLC bought a new position in HubSpot in the 3rd quarter worth approximately $222,000. 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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