HubSpot (NYSE:HUBS) Price Target Cut to $350.00 by Analysts at Oppenheimer

HubSpot (NYSE:HUBSFree Report) had its price target reduced by Oppenheimer from $550.00 to $350.00 in a research note published on Wednesday,Benzinga reports. Oppenheimer currently has an outperform rating on the software maker’s stock.

Other equities research analysts have also issued reports about the company. Mizuho reduced their price objective on HubSpot from $700.00 to $550.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Citigroup cut their price objective on HubSpot from $660.00 to $600.00 and set a “buy” rating for the company in a research note on Wednesday. Wells Fargo & Company decreased their target price on shares of HubSpot from $685.00 to $600.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Canaccord Genuity Group dropped their price target on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Finally, Cantor Fitzgerald cut their price target on HubSpot from $775.00 to $500.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $578.13.

Read Our Latest Analysis on HUBS

HubSpot Stock Down 0.7%

HUBS opened at $243.48 on Wednesday. The stock has a market capitalization of $12.76 billion, a price-to-earnings ratio of -3,043.50, a PEG ratio of 5.84 and a beta of 1.44. The firm has a 50 day moving average price of $357.97 and a 200-day moving average price of $427.48. HubSpot has a twelve month low of $227.78 and a twelve month high of $881.13.

HubSpot (NYSE:HUBSGet Free Report) last released its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $809.52 million for the quarter, compared to the consensus estimate of $786.80 million. During the same period last year, the business posted $2.18 EPS. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. As a group, analysts expect that HubSpot will post 1.01 earnings per share for the current year.

Insider Buying and Selling at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on 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 transaction, the director directly owned 487,344 shares of the company’s stock, valued at approximately $147,850,422.72. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 25,500 shares of company stock worth $8,827,080. Corporate insiders own 4.00% of the company’s stock.

Institutional Trading of HubSpot

Several hedge funds and other institutional investors have recently bought and sold shares of HUBS. Vanguard Group Inc. grew its holdings 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 purchasing an additional 345,524 shares during the period. Pictet Asset Management Holding SA lifted its position in HubSpot by 32.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,935,587 shares of the software maker’s stock worth $776,714,000 after buying an additional 476,740 shares in the last quarter. State Street Corp lifted its position in HubSpot by 1.9% during the third quarter. State Street Corp now owns 1,148,895 shares of the software maker’s stock worth $537,453,000 after buying an additional 21,358 shares in the last quarter. Geode Capital Management LLC lifted its holdings in HubSpot by 4.3% in the second quarter. Geode Capital Management LLC now owns 925,938 shares of the software maker’s stock valued at $513,886,000 after acquiring an additional 38,096 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in shares of HubSpot by 548.6% in the 2nd quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock valued at $442,341,000 after acquiring an additional 672,158 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot News Summary

Here are the key news stories impacting HubSpot this week:

HubSpot Company Profile

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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.

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