HubSpot (NYSE:HUBS) Price Target Raised to $850.00 at Truist Securities

HubSpot (NYSE:HUBS) had its price objective upped by Truist Securities from $700.00 to $850.00 in a research report released on Wednesday, Analyst Ratings Network reports. Truist Securities currently has a buy rating on the software maker’s stock.

HUBS has been the topic of a number of other research reports. JPMorgan Chase & Co. raised their price target on shares of HubSpot from $675.00 to $800.00 and gave the company an overweight rating in a report on Wednesday. Morgan Stanley raised their price target on shares of HubSpot from $725.00 to $796.00 and gave the company an overweight rating in a report on Wednesday. They noted that the move was a valuation call. Canaccord Genuity raised their price target on shares of HubSpot from $685.00 to $830.00 and gave the company a buy rating in a report on Wednesday. Needham & Company LLC raised their price target on shares of HubSpot from $680.00 to $870.00 and gave the company a buy rating in a report on Wednesday. Finally, Raymond James raised their price target on shares of HubSpot from $650.00 to $800.00 and gave the company a strong-buy rating in a report on Thursday, August 5th. Twenty-two research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, HubSpot currently has an average rating of Buy and a consensus target price of $763.48.

NYSE:HUBS opened at $786.25 on Wednesday. The firm has a market cap of $36.96 billion, a P/E ratio of -422.71 and a beta of 1.67. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.53 and a current ratio of 2.53. HubSpot has a fifty-two week low of $283.87 and a fifty-two week high of $814.90. The firm has a 50-day simple moving average of $682.63 and a two-hundred day simple moving average of $586.89.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 4th. The software maker reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.11. The business had revenue of $310.80 million during the quarter, compared to analyst estimates of $296.01 million. HubSpot had a negative net margin of 7.98% and a negative return on equity of 7.35%. HubSpot’s revenue was up 52.7% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. On average, equities research analysts predict that HubSpot will post -1.5 EPS for the current year.

In related news, CEO Brian Halligan sold 11,520 shares of the business’s stock in a transaction on Tuesday, July 20th. The shares were sold at an average price of $555.13, for a total value of $6,395,097.60. Following the sale, the chief executive officer now owns 662,873 shares in the company, valued at $367,980,688.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Dharmesh Shah sold 9,327 shares of the business’s stock in a transaction on Tuesday, October 5th. The stock was sold at an average price of $651.85, for a total transaction of $6,079,804.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,567 shares of company stock worth $21,130,215. Company insiders own 6.00% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in HUBS. Activest Wealth Management boosted its stake in HubSpot by 300.0% during the third quarter. Activest Wealth Management now owns 40 shares of the software maker’s stock worth $27,000 after buying an additional 30 shares during the period. Parkside Financial Bank & Trust boosted its stake in HubSpot by 4,600.0% during the second quarter. Parkside Financial Bank & Trust now owns 47 shares of the software maker’s stock worth $28,000 after buying an additional 46 shares during the period. Dark Forest Capital Management LP purchased a new position in HubSpot during the second quarter worth $29,000. RPg Family Wealth Advisory LLC purchased a new position in HubSpot during the second quarter worth $37,000. Finally, Quadrant Capital Group LLC boosted its stake in HubSpot by 44.2% during the first quarter. Quadrant Capital Group LLC now owns 111 shares of the software maker’s stock worth $50,000 after buying an additional 34 shares during the period. Institutional investors own 89.74% of the company’s stock.

HubSpot Company Profile

HubSpot, Inc develops Internet marketing software solutions. The firm operates through the following geographical segments: Americas, Europe and Asia Pacific. The company was founded by Brian Patrick Halligan and Dharmesh Shah on April 4, 2005 and is headquartered in Cambridge, MA.

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Analyst Recommendations for HubSpot (NYSE:HUBS)

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