Wells Fargo & Company Boosts HubSpot (NYSE:HUBS) Price Target to $810.00

HubSpot (NYSE:HUBS) had its target price hoisted by stock analysts at Wells Fargo & Company from $750.00 to $810.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the software maker’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 15.87% from the company’s current price.

HUBS has been the subject of a number of other reports. The Goldman Sachs Group upped their target price on shares of HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Bank of America upped their price objective on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Stifel Nicolaus raised their target price on HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. UBS Group raised HubSpot from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Finally, Oppenheimer raised their price objective on shares of HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $708.36.

HubSpot Price Performance

Shares of HUBS stock traded down $8.65 on Tuesday, hitting $699.06. The stock had a trading volume of 47,431 shares, compared to its average volume of 275,239. The firm has a market capitalization of $36.09 billion, a P/E ratio of -2,589.02, a P/E/G ratio of 87.75 and a beta of 1.70. The company’s 50 day moving average price is $692.11 and its 200-day moving average price is $578.23. HubSpot has a 1 year low of $434.84 and a 1 year high of $762.47.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping the consensus estimate of $1.91 by $0.27. The business 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. On average, equities analysts forecast that HubSpot will post 0.4 EPS for the current year.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 1,374 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $755,700.00. Following the sale, the chief executive officer now owns 61,294 shares of the company’s stock, valued at approximately $33,711,700. This represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dawson Alyssa Harvey sold 573 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was 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 in the company, valued at $5,322,100. This represents a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,244 shares of company stock worth $56,648,327. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of HubSpot

Institutional investors and hedge funds have recently modified their holdings of the business. National Bank of Canada FI grew its holdings in HubSpot by 23.2% during the 2nd quarter. National Bank of Canada FI now owns 239 shares of the software maker’s stock valued at $142,000 after buying an additional 45 shares during the last quarter. Private Advisor Group LLC increased its position in HubSpot by 4.3% during the 2nd quarter. Private Advisor Group LLC now owns 1,352 shares of the software maker’s stock worth $797,000 after purchasing an additional 56 shares in the last quarter. Candriam S.C.A. raised its stake in HubSpot by 4.4% in the 2nd quarter. Candriam S.C.A. now owns 3,183 shares of the software maker’s stock valued at $1,877,000 after purchasing an additional 133 shares during the last quarter. Asset Dedication LLC purchased a new position in HubSpot in the 2nd quarter valued at about $70,000. Finally, Acadian Asset Management LLC grew its holdings in shares of HubSpot by 138.2% during the second quarter. Acadian Asset Management LLC now owns 2,091 shares of the software maker’s stock worth $1,232,000 after buying an additional 1,213 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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.