HubSpot (NYSE:HUBS) Price Target Lowered to $580.00 at UBS Group

HubSpot (NYSE:HUBS) had its price target cut by analysts at UBS Group from $640.00 to $580.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the software maker’s stock. UBS Group’s price target would suggest a potential upside of 22.95% from the company’s previous close.

A number of other equities research analysts have also issued reports on HUBS. Piper Sandler dropped their price objective on shares of HubSpot from $655.00 to $570.00 and set an “overweight” rating for the company in a report on Friday. KeyCorp dropped their price objective on shares of HubSpot from $520.00 to $460.00 and set an “underweight” rating for the company in a report on Friday. BMO Capital Markets lowered their target price on shares of HubSpot from $710.00 to $635.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Canaccord Genuity Group lowered their target price on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $730.00 target price on shares of HubSpot in a research note on Thursday, May 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $633.69.

HubSpot Price Performance

Shares of NYSE HUBS traded down $18.05 during mid-day trading on Friday, reaching $471.72. The company’s stock had a trading volume of 1,340,665 shares, compared to its average volume of 620,399. The stock has a 50-day moving average of $590.05 and a two-hundred day moving average of $602.95. The stock has a market capitalization of $24.04 billion, a P/E ratio of -178.59 and a beta of 1.60. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.07 and a current ratio of 2.07. HubSpot has a 1-year low of $407.23 and a 1-year high of $693.85.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.27. The business had revenue of $617.41 million during the quarter, compared to analysts’ expectations of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. On average, equities research analysts anticipate that HubSpot will post -0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $586.85, for a total transaction of $14,671,250.00. Following the sale, the chief technology officer now owns 1,348,929 shares of the company’s stock, valued at $791,618,983.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the transaction, the insider now directly owns 526,041 shares in the company, valued at $334,656,763.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction on Monday, July 8th. The shares were sold at an average price of $586.85, for a total transaction of $14,671,250.00. Following the completion of the transaction, the chief technology officer now owns 1,348,929 shares in the company, valued at $791,618,983.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,491 shares of company stock valued at $28,092,844. 4.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HubSpot

Institutional investors have recently made changes to their positions in the stock. Riverview Trust Co acquired a new position in shares of HubSpot during the 1st quarter worth $27,000. Geneos Wealth Management Inc. raised its stake in shares of HubSpot by 1,125.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after buying an additional 45 shares during the last quarter. Rakuten Securities Inc. acquired a new position in shares of HubSpot during the 4th quarter worth $29,000. Venturi Wealth Management LLC raised its stake in shares of HubSpot by 335.7% during the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock worth $35,000 after buying an additional 47 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of HubSpot by 1,380.0% during the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock worth $43,000 after buying an additional 69 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

About HubSpot

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.