HubSpot (HUBS) Given New $110.00 Price Target at Stifel Nicolaus
HubSpot (NYSE:HUBS) had its price objective upped by analysts at Stifel Nicolaus from $88.00 to $110.00 in a research report issued on Wednesday. The firm currently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ target price indicates a potential upside of 13.40% from the company’s previous close.
A number of other brokerages also recently commented on HUBS. Morgan Stanley restated an “equal weight” rating and set a $96.00 price objective (down previously from $99.00) on shares of HubSpot in a research report on Tuesday, January 30th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. JPMorgan Chase & Co. upped their price objective on shares of HubSpot from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Monday. Oppenheimer upped their price objective on shares of HubSpot from $91.00 to $93.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Finally, Canaccord Genuity upped their price objective on shares of HubSpot from $8,398.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $89.29.
HubSpot (HUBS) opened at $97.00 on Wednesday. The company has a market cap of $3,613.83, a price-to-earnings ratio of -83.62 and a beta of 2.24. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.55 and a current ratio of 3.55. HubSpot has a 12-month low of $55.80 and a 12-month high of $102.30.
A number of hedge funds and other institutional investors have recently modified their holdings of HUBS. Ameritas Investment Partners Inc. grew its stake in HubSpot by 18.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,955 shares of the software maker’s stock valued at $194,000 after acquiring an additional 462 shares during the last quarter. ETRADE Capital Management LLC acquired a new stake in HubSpot in the 3rd quarter valued at about $203,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in HubSpot by 35.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the software maker’s stock valued at $206,000 after acquiring an additional 606 shares during the last quarter. Raymond James Trust N.A. acquired a new stake in HubSpot in the 4th quarter valued at about $216,000. Finally, 361 Capital LLC acquired a new stake in HubSpot in the 3rd quarter valued at about $222,000. 94.58% of the stock is currently owned by hedge funds and other institutional investors.
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HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.
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