HubSpot (NYSE:HUBS) Sets New 12-Month High Following Analyst Upgrade

Posted by Defense World Staff on May 5th, 2023

HubSpot, Inc. (NYSE:HUBS – Get Rating) shares hit a new 52-week high during trading on Thursday after UBS Group raised their price target on the stock from $420.00 to $460.00. The company traded as high as $455.58 and last traded at $450.49, with a volume of 200110 shares trading hands. The stock had previously closed at $417.99.

Several other analysts also recently issued reports on HUBS. Raymond James lifted their price target on HubSpot from $360.00 to $500.00 and gave the company a “strong-buy” rating in a research note on Friday, February 17th. Needham & Company LLC lifted their price target on HubSpot from $380.00 to $470.00 and gave the company a “buy” rating in a research note on Friday, February 17th. Mizuho lifted their price target on HubSpot from $350.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, February 17th. Canaccord Genuity Group lifted their target price on HubSpot from $385.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, February 17th. Finally, KeyCorp lifted their price target on HubSpot from $450.00 to $485.00 and gave the stock an “overweight” rating in a report on Thursday, April 20th. Three research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $428.04.

Insider Buying and Selling at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 710 shares of the firm’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $424.80, for a total value of $301,608.00. Following the sale, the chief financial officer now owns 41,124 shares of the company’s stock, valued at approximately $17,469,475.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 18th. The stock was sold at an average price of $422.65, for a total transaction of $3,592,525.00. Following the transaction, the insider now directly owns 613,350 shares in the company, valued at approximately $259,232,377.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 710 shares of the firm’s stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $424.80, for a total value of $301,608.00. Following the transaction, the chief financial officer now owns 41,124 shares in the company, valued at $17,469,475.20. The disclosure for this sale can be found here. Insiders have sold a total of 17,710 shares of company stock valued at $7,233,358 in the last 90 days. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Huntington National Bank lifted its stake in shares of HubSpot by 173.1% in the 3rd quarter. Huntington National Bank now owns 355 shares of the software maker’s stock valued at $96,000 after purchasing an additional 225 shares during the period. AE Wealth Management LLC raised its stake in HubSpot by 77.3% during the fourth quarter. AE Wealth Management LLC now owns 31,209 shares of the software maker’s stock valued at $9,023,000 after buying an additional 13,609 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its stake in HubSpot by 14.2% during the third quarter. Vestmark Advisory Solutions Inc. now owns 5,299 shares of the software maker’s stock valued at $1,431,000 after buying an additional 659 shares during the last quarter. Veriti Management LLC raised its stake in HubSpot by 15.0% during the fourth quarter. Veriti Management LLC now owns 968 shares of the software maker’s stock valued at $280,000 after buying an additional 126 shares during the last quarter. Finally, Spouting Rock Asset Management LLC raised its stake in HubSpot by 17.1% during the third quarter. Spouting Rock Asset Management LLC now owns 5,346 shares of the software maker’s stock valued at $1,444,000 after buying an additional 780 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors.

HubSpot Stock Up 7.4 %

The stock has a 50 day simple moving average of $406.29 and a 200-day simple moving average of $342.28. The firm has a market cap of $22.25 billion, a PE ratio of -191.00 and a beta of 1.62. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.30 and a quick ratio of 2.30.

HubSpot (NYSE:HUBS – Get Rating) last announced its quarterly earnings data on Thursday, February 16th. The software maker reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.22. HubSpot had a negative return on equity of 11.16% and a negative net margin of 6.51%. The business had revenue of $469.66 million during the quarter, compared to analysts’ expectations of $444.95 million. Sell-side analysts predict that HubSpot, Inc. will post -1.72 EPS for the current fiscal year.

About HubSpot

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HubSpot, Inc engages in cloud-based customer relationship management. Its platform includes marketing, sales, service, operations and content management system, as well as other tools, integrations and a native payment solutions. It operates through the following geographical segments: Americas, Europe and Asia Pacific.