Stifel Nicolaus Increases HubSpot (NYSE:HUBS) Price Target to $750.00

HubSpot (NYSE:HUBS - Free Report) had its price objective increased by Stifel Nicolaus from $700.00 to $750.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have a buy rating on the software maker's stock.

Several other equities research analysts have also commented on HUBS. Canaccord Genuity Group upped their price objective on HubSpot from $700.00 to $750.00 and gave the stock a buy rating in a research note on Friday. UBS Group reaffirmed a neutral rating and issued a $525.00 price objective on shares of HubSpot in a research note on Thursday, February 15th. BMO Capital Markets boosted their price objective on HubSpot from $540.00 to $710.00 and gave the company an outperform rating in a research note on Monday, February 12th. JPMorgan Chase & Co. lifted their price target on shares of HubSpot from $530.00 to $630.00 and gave the company an overweight rating in a report on Thursday, February 15th. Finally, Scotiabank upped their price target on shares of HubSpot from $650.00 to $700.00 and gave the stock a sector outperform rating in a research report on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $642.36.

HubSpot Stock Performance

HubSpot stock traded up $0.57 during mid-day trading on Monday, reaching $670.57. 457,108 shares of the stock traded hands, compared to its average volume of 482,313. HubSpot has a 12-month low of $394.26 and a 12-month high of $693.85. The business's 50-day moving average is $618.02 and its 200-day moving average is $542.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.96 and a quick ratio of 1.96. The stock has a market capitalization of $33.98 billion, a PE ratio of -188.89 and a beta of 1.59.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.22. The firm had revenue of $581.91 million for the quarter, compared to analysts' expectations of $557.48 million. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. As a group, sell-side analysts predict that HubSpot will post -0.98 EPS for the current fiscal year.

Insider Activity

In other news, CEO Yamini Rangan sold 116 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $634.21, for a total value of $73,568.36. Following the sale, the chief executive officer now owns 88,861 shares of the company's stock, valued at $56,356,534.81. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other HubSpot news, CEO Yamini Rangan sold 116 shares of the business's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $634.21, for a total transaction of $73,568.36. Following the completion of the transaction, the chief executive officer now owns 88,861 shares in the company, valued at $56,356,534.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dawson Alyssa Harvey sold 969 shares of the company's stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $610.00, for a total value of $591,090.00. Following the transaction, the insider now directly owns 7,225 shares in the company, valued at approximately $4,407,250. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,362 shares of company stock valued at $13,329,601. 4.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Juncture Wealth Strategies LLC boosted its position in HubSpot by 33.5% in the 1st quarter. Juncture Wealth Strategies LLC now owns 1,913 shares of the software maker's stock valued at $1,199,000 after buying an additional 480 shares during the period. GAMMA Investing LLC raised its stake in shares of HubSpot by 14.3% during the first quarter. GAMMA Investing LLC now owns 120 shares of the software maker's stock valued at $75,000 after acquiring an additional 15 shares in the last quarter. HighPoint Advisor Group LLC purchased a new stake in shares of HubSpot in the fourth quarter valued at approximately $428,000. PNC Financial Services Group Inc. grew its stake in HubSpot by 74.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,646 shares of the software maker's stock worth $2,117,000 after purchasing an additional 1,560 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in HubSpot by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker's stock worth $2,781,013,000 after purchasing an additional 119,999 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

About HubSpot

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.