Mizuho Increases HubSpot (NYSE:HUBS) Price Target to $600.00

HubSpot (NYSE:HUBS) had its price target lifted by stock analysts at Mizuho from $550.00 to $600.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Mizuho’s price objective would suggest a potential upside of 11.69% from the stock’s current price.

A number of other research analysts have also recently commented on HUBS. Royal Bank of Canada restated an “outperform” rating and set a $625.00 price target on shares of HubSpot in a research note on Thursday. Citigroup initiated coverage on shares of HubSpot in a research note on Tuesday. They set a “buy” rating and a $695.00 price target for the company. Argus raised their price target on shares of HubSpot from $550.00 to $604.00 and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Piper Sandler restated a “neutral” rating and set a $520.00 price target on shares of HubSpot in a research note on Thursday. Finally, Truist Financial raised their price target on shares of HubSpot from $500.00 to $600.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $539.76.

HubSpot Stock Down 2.4 %

NYSE HUBS opened at $537.19 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.25 and a current ratio of 2.25. The firm has a 50-day simple moving average of $529.37 and a 200 day simple moving average of $475.17. HubSpot has a twelve month low of $245.03 and a twelve month high of $581.40. The stock has a market cap of $26.86 billion, a PE ratio of -129.76 and a beta of 1.58.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 2nd. The software maker reported ($1.17) earnings per share for the quarter, missing the consensus estimate of ($0.90) by ($0.27). HubSpot had a negative net margin of 10.51% and a negative return on equity of 11.28%. The company had revenue of $529.14 million during the quarter, compared to the consensus estimate of $504.45 million. On average, research analysts forecast that HubSpot will post -1.42 EPS for the current year.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 10,846 shares of HubSpot stock in a transaction on Monday, June 12th. The shares were sold at an average price of $516.83, for a total transaction of $5,605,538.18. Following the transaction, the chief executive officer now directly owns 63,801 shares of the company’s stock, valued at $32,974,270.83. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CTO Dharmesh Shah sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $505.71, for a total value of $10,114,200.00. Following the sale, the chief technology officer now directly owns 1,411,014 shares of the company’s stock, valued at approximately $713,563,889.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Yamini Rangan sold 10,846 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $516.83, for a total transaction of $5,605,538.18. Following the completion of the sale, the chief executive officer now directly owns 63,801 shares in the company, valued at $32,974,270.83. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,248 shares of company stock valued at $32,237,871. 4.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HubSpot

Several institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC increased its stake in HubSpot by 49.2% in the 1st quarter. Acadian Asset Management LLC now owns 704 shares of the software maker’s stock valued at $333,000 after buying an additional 232 shares during the last quarter. MetLife Investment Management LLC acquired a new stake in HubSpot in the 1st quarter valued at $1,385,000. Raymond James Trust N.A. increased its stake in HubSpot by 12.3% in the 1st quarter. Raymond James Trust N.A. now owns 776 shares of the software maker’s stock valued at $368,000 after buying an additional 85 shares during the last quarter. Cibc World Market Inc. acquired a new stake in HubSpot in the 1st quarter valued at $206,000. Finally, Dimensional Fund Advisors LP increased its stake in HubSpot by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 64,334 shares of the software maker’s stock valued at $30,562,000 after buying an additional 253 shares during the last quarter. 87.06% of the stock is owned by institutional investors.

About HubSpot

HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.