HubSpot (NYSE:HUBS) Price Target Lowered to $500.00 at Stifel Nicolaus

HubSpot (NYSE:HUBS) had its price objective decreased by Stifel Nicolaus from $550.00 to $500.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 52.63% from the stock’s current price.

HUBS has been the topic of several other research reports. KeyCorp reduced their price target on shares of HubSpot from $775.00 to $650.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings restated a “sell (e+)” rating on shares of HubSpot in a research note on Friday, January 9th. Truist Financial decreased their price target on shares of HubSpot from $675.00 to $650.00 and set a “buy” rating for the company in a research note on Friday, November 7th. The Goldman Sachs Group dropped their price objective on HubSpot from $717.00 to $612.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Finally, Argus decreased their target price on HubSpot from $650.00 to $525.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $601.40.

HubSpot Trading Up 2.5%

Shares of HUBS stock traded up $8.08 during trading hours on Friday, reaching $327.58. 104,020 shares of the stock were exchanged, compared to its average volume of 1,023,166. HubSpot has a 12-month low of $300.09 and a 12-month high of $881.13. The firm has a market capitalization of $17.16 billion, a price-to-earnings ratio of -4,105.64, a price-to-earnings-growth ratio of 7.16 and a beta of 1.46. The company’s 50-day moving average price is $371.69 and its 200-day moving average price is $444.10.

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

Insider Transactions at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total value of $2,578,730.00. Following the completion of the transaction, the director directly owned 487,344 shares in the company, valued at approximately $147,850,422.72. The trade was a 1.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 25,735 shares of company stock valued at $8,943,006 in the last 90 days. 4.00% of the stock is owned by insiders.

Institutional Investors Weigh In On HubSpot

Several institutional investors have recently bought and sold shares of HUBS. Jennison Associates LLC lifted its holdings in shares of HubSpot by 548.6% during the 2nd quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock valued at $442,341,000 after purchasing an additional 672,158 shares during the last quarter. Norges Bank acquired a new position in HubSpot during the 2nd quarter valued at about $269,941,000. Vanguard Group Inc. raised its stake in HubSpot by 6.4% in the third quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock valued at $2,683,659,000 after buying an additional 345,524 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of HubSpot by 89.2% during the third quarter. AQR Capital Management LLC now owns 546,436 shares of the software maker’s stock valued at $255,623,000 after acquiring an additional 257,577 shares in the last quarter. Finally, Atreides Management LP acquired a new position in HubSpot during the 3rd quarter valued at approximately $113,878,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

About HubSpot

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.