HubSpot (NYSE:HUBS) Given New $775.00 Price Target at Mizuho

HubSpot (NYSE:HUBS) had its target price raised by Mizuho from $725.00 to $775.00 in a research report report published on Friday morning,Benzinga reports. Mizuho currently has an outperform rating on the software maker’s stock.

Several other research firms have also weighed in on HUBS. JPMorgan Chase & Co. boosted their price target on HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. BMO Capital Markets boosted their target price on shares of HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their price target on shares of HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Truist Financial reissued a “buy” rating and issued a $750.00 price objective (up previously from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Finally, Piper Sandler lowered shares of HubSpot from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $570.00 to $640.00 in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $689.95.

HubSpot Stock Down 1.7 %

Shares of HUBS stock opened at $722.06 on Friday. HubSpot has a 12-month low of $434.84 and a 12-month high of $762.47. The firm has a fifty day moving average of $637.78 and a 200-day moving average of $565.21. The company has a market capitalization of $37.27 billion, a price-to-earnings ratio of -2,674.20, a P/E/G ratio of 88.26 and a beta of 1.70.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.27. The company had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the business earned ($0.04) EPS. On average, equities analysts expect that HubSpot will post 0.4 EPS for the current year.

Insiders Place Their Bets

In other HubSpot news, insider Dawson Alyssa Harvey sold 573 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the sale, the insider now owns 7,603 shares of the company’s stock, valued at approximately $5,322,100. This trade represents a 7.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at $43,668,958.41. This trade represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,390 shares of company stock worth $29,126,596 in the last 90 days. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of HubSpot during the third quarter worth $25,000. International Assets Investment Management LLC acquired a new position in HubSpot in the 2nd quarter worth about $35,000. HM Payson & Co. raised its position in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares during the last quarter. Crewe Advisors LLC raised its position in HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after purchasing an additional 63 shares during the last quarter. Finally, True Wealth Design LLC acquired a new stake in shares of HubSpot during the third quarter valued at about $62,000. 90.39% of the stock is owned by institutional investors.

HubSpot Company Profile

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.