HubSpot (NYSE:HUBS) PT Raised to $760.00 at Mizuho

HubSpot (NYSE:HUBS) had its target price hoisted by Mizuho from $660.00 to $760.00 in a research note released on Wednesday morning, The Fly reports. The brokerage currently has a buy rating on the software maker’s stock.

Several other analysts have also issued reports on the stock. Canaccord Genuity increased their price target on shares of HubSpot from $580.00 to $685.00 and gave the stock a buy rating in a research report on Thursday, August 5th. Piper Sandler increased their price target on shares of HubSpot from $675.00 to $830.00 and gave the stock an overweight rating in a research report on Wednesday. Morgan Stanley increased their price target on shares of HubSpot from $605.00 to $725.00 and gave the stock an overweight rating in a research report on Thursday, August 5th. BMO Capital Markets increased their price target on shares of HubSpot from $670.00 to $740.00 and gave the stock an outperform rating in a research report on Thursday, September 30th. Finally, Citigroup increased their price target on shares of HubSpot from $655.00 to $750.00 and gave the stock a buy rating in a research report on Thursday, August 5th. Twenty-two research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of Buy and an average target price of $763.48.

Shares of HUBS opened at $786.25 on Wednesday. HubSpot has a 12 month low of $283.87 and a 12 month high of $814.90. The firm’s 50 day moving average is $682.63 and its 200-day moving average is $586.89. The stock has a market capitalization of $36.96 billion, a PE ratio of -422.71 and a beta of 1.67. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.46.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, August 4th. The software maker reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.11. HubSpot had a negative net margin of 7.98% and a negative return on equity of 7.35%. The company had revenue of $310.80 million for the quarter, compared to analysts’ expectations of $296.01 million. During the same period last year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter was up 52.7% on a year-over-year basis. Equities research analysts predict that HubSpot will post -1.5 earnings per share for the current fiscal year.

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

A number of institutional investors and hedge funds have recently bought and sold shares of HUBS. HighTower Advisors LLC increased its stake in HubSpot by 11.5% in the first quarter. HighTower Advisors LLC now owns 1,076 shares of the software maker’s stock valued at $492,000 after purchasing an additional 111 shares in the last quarter. Russell Investments Group Ltd. increased its stake in HubSpot by 6.1% in the first quarter. Russell Investments Group Ltd. now owns 5,032 shares of the software maker’s stock valued at $2,276,000 after purchasing an additional 290 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in HubSpot by 102.6% in the first quarter. Rockefeller Capital Management L.P. now owns 233 shares of the software maker’s stock valued at $105,000 after purchasing an additional 118 shares in the last quarter. Quadrant Capital Group LLC increased its stake in HubSpot by 44.2% in the first quarter. Quadrant Capital Group LLC now owns 111 shares of the software maker’s stock valued at $50,000 after purchasing an additional 34 shares in the last quarter. Finally, Ensign Peak Advisors Inc increased its stake in HubSpot by 11.5% in the first quarter. Ensign Peak Advisors Inc now owns 20,866 shares of the software maker’s stock valued at $9,478,000 after purchasing an additional 2,156 shares in the last quarter. 89.74% of the stock is owned by hedge funds and other institutional investors.

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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