HubSpot (NYSE:HUBS) Sets New 52-Week Low – Here’s Why

HubSpot, Inc. (NYSE:HUBS)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $344.31 and last traded at $349.0850, with a volume of 445412 shares changing hands. The stock had previously closed at $358.89.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HUBS. Argus decreased their price objective on shares of HubSpot from $650.00 to $525.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Wells Fargo & Company decreased their price target on shares of HubSpot from $685.00 to $600.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. UBS Group restated an “outperform” rating and issued a $525.00 price objective on shares of HubSpot in a research report on Tuesday, January 6th. KeyCorp reduced their target price on HubSpot from $775.00 to $650.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Finally, Barclays lowered their price target on HubSpot from $575.00 to $525.00 and set an “overweight” rating for the company in a report on Monday. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $607.00.

HubSpot Price Performance

The stock’s 50-day moving average price is $378.25 and its 200 day moving average price is $450.95. The firm has a market cap of $16.36 billion, a P/E ratio of -3,904.00, a price-to-earnings-growth ratio of 7.73 and a beta of 1.46.

HubSpot (NYSE:HUBS) last released its earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.08. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The business had revenue of $809.52 million during the quarter, compared to the consensus estimate of $786.80 million. During the same quarter last year, the firm earned $2.18 earnings per share. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. As a group, analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $366.99, for a total transaction of $3,119,415.00. Following the completion of the transaction, the director directly owned 496,308 shares of the company’s stock, valued at approximately $182,140,072.92. This represents a 1.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 25,500 shares of company stock worth $10,058,565 over the last ninety days. Corporate insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On HubSpot

A number of institutional investors and hedge funds have recently made changes to their positions in HUBS. Strategic Advocates LLC bought a new position in shares of HubSpot in the third quarter valued at $25,000. Turning Point Benefit Group Inc. bought a new position in shares of HubSpot in the 3rd quarter valued at about $25,000. Goodman Advisory Group LLC bought a new position in shares of HubSpot in the 2nd quarter valued at about $27,000. Whittier Trust Co. raised its holdings in shares of HubSpot by 136.4% in the 2nd quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock valued at $29,000 after purchasing an additional 30 shares during the period. Finally, Exane Asset Management bought a new stake in shares of HubSpot in the 3rd quarter valued at about $30,000. Institutional investors own 90.39% of the company’s stock.

HubSpot Company Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.