HubSpot (NYSE:HUBS) Price Target Raised to $800.00 at JPMorgan Chase & Co.

HubSpot (NYSE:HUBS) had its target price boosted by JPMorgan Chase & Co. from $675.00 to $800.00 in a research report released on Wednesday, The Fly reports. They currently have an overweight rating on the software maker’s stock.

Several other equities research analysts have also recently commented on the stock. Truist lifted their price target on shares of HubSpot from $600.00 to $700.00 and gave the stock a buy rating in a research report on Thursday, August 5th. Royal Bank of Canada upped their target price on shares of HubSpot from $610.00 to $925.00 and gave the company an outperform rating in a research report on Wednesday. Truist Securities raised their price target on HubSpot from $600.00 to $700.00 and gave the stock a buy rating in a research report on Thursday, August 5th. Morgan Stanley upped their price objective on 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. Finally, Wells Fargo & Company raised their target price on HubSpot from $675.00 to $750.00 and gave the stock an overweight rating in a report on Monday. Twenty-two equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from 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. The business’s fifty day moving average price is $682.63 and its two-hundred day moving average price is $586.89. The firm has a market capitalization of $36.96 billion, a price-to-earnings ratio of -422.71 and a beta of 1.67. HubSpot has a 52 week low of $283.87 and a 52 week high of $814.90. 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 (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, August 4th. The software maker reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.11. The business had revenue of $310.80 million for the quarter, compared to analyst estimates of $296.01 million. HubSpot had a negative return on equity of 7.35% and a negative net margin of 7.98%. The firm’s revenue for the quarter was up 52.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 earnings per share. As a group, research analysts forecast that HubSpot will post -1.5 EPS for the current year.

In other news, CFO Kathryn Bueker sold 600 shares of HubSpot stock in a transaction that occurred on Monday, August 2nd. The shares were sold at an average price of $598.00, for a total value of $358,800.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian Halligan sold 11,520 shares of the stock in a transaction dated Tuesday, September 21st. The stock was sold at an average price of $686.85, for a total transaction of $7,912,512.00. The disclosure for this sale can be found here. Insiders sold a total of 33,567 shares of company stock worth $21,130,215 in the last three months. Company insiders own 6.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Waratah Capital Advisors Ltd. bought a new stake in shares of HubSpot in the 2nd quarter valued at about $1,157,000. Ergoteles LLC bought a new stake in HubSpot in the second quarter valued at approximately $10,927,000. Bellwether Advisors LLC raised its stake in HubSpot by 280.1% in the second quarter. Bellwether Advisors LLC now owns 5,093 shares of the software maker’s stock valued at $2,967,000 after buying an additional 3,753 shares during the period. QS Investors LLC lifted its position in shares of HubSpot by 7.8% in the first quarter. QS Investors LLC now owns 2,750 shares of the software maker’s stock valued at $1,250,000 after buying an additional 200 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of HubSpot by 5.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,479 shares of the software maker’s stock worth $1,445,000 after acquiring an additional 128 shares during the period. Hedge funds and other institutional investors own 89.74% of the company’s stock.

About HubSpot

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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