Jefferies Financial Group Forecasts Strong Price Appreciation for HubSpot (NYSE:HUBS) Stock

HubSpot (NYSE:HUBSFree Report) had its target price lifted by Jefferies Financial Group from $860.00 to $900.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

Other research analysts have also recently issued reports about the stock. Scotiabank increased their price target on shares of HubSpot from $700.00 to $825.00 and gave the company a “sector outperform” rating in a report on Wednesday, January 8th. Evercore ISI boosted their price target on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Stifel Nicolaus increased their price objective on HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Royal Bank of Canada upped their price target on shares of HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Oppenheimer lifted their price objective on shares of HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $731.83.

Check Out Our Latest Research Report on HUBS

HubSpot Stock Down 1.8 %

Shares of HubSpot stock opened at $765.39 on Monday. The stock has a market cap of $39.51 billion, a P/E ratio of -2,834.66, a P/E/G ratio of 44.02 and a beta of 1.72. HubSpot has a 12-month low of $434.84 and a 12-month high of $811.79. The business’s 50 day moving average is $724.40 and its 200-day moving average is $602.09.

HubSpot (NYSE:HUBSGet Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The company had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) EPS. On average, sell-side analysts expect that HubSpot will post 0.42 EPS for the current year.

Insider Activity at HubSpot

In other news, insider Dawson Alyssa Harvey sold 573 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $401,100.00. Following the completion of the sale, the insider now owns 7,603 shares of the company’s stock, valued at $5,322,100. This represents a 7.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kathryn Bueker sold 4,381 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the completion of the transaction, the chief financial officer now owns 41,259 shares in the company, valued at $28,881,300. The trade was a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,066 shares of company stock valued at $54,900,427 over the last three months. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of HubSpot

Several institutional investors have recently made changes to their positions in HUBS. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of HubSpot by 73.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of HubSpot during the third quarter worth $25,000. Bank of Jackson Hole Trust purchased a new stake in HubSpot in the fourth quarter valued at about $35,000. HM Payson & Co. grew its stake in shares of HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after acquiring an additional 18 shares during the last quarter. Finally, Friedenthal Financial acquired a new position in shares of HubSpot during the fourth quarter valued at about $50,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Company Profile

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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.

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