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

HubSpot, Inc. (NYSE:HUBS) hit a new 52-week low on Tuesday . The company traded as low as $303.00 and last traded at $303.0420, with a volume of 94313 shares changing hands. The stock had previously closed at $311.88.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HUBS shares. Canaccord Genuity Group decreased their price target on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. KeyCorp reduced their price objective on shares of HubSpot from $775.00 to $650.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Truist Financial decreased their target price on HubSpot from $675.00 to $650.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Argus dropped their price objective on shares of HubSpot from $650.00 to $525.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Finally, Wall Street Zen cut HubSpot from a “buy” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $603.07.

HubSpot Trading Down 2.6%

The stock has a 50 day moving average price of $376.79 and a 200-day moving average price of $447.79. The stock has a market capitalization of $15.91 billion, a PE ratio of -3,796.31, a P/E/G ratio of 7.32 and a beta of 1.46.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Thursday, November 6th. The software maker reported $2.66 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $809.52 million for the quarter, compared to analysts’ expectations of $786.80 million. During the same quarter in the prior year, the business earned $2.18 EPS. The business’s quarterly revenue was up 20.9% on a year-over-year basis. Research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Activity at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the business’s 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 in the company, valued at approximately $182,140,072.92. The trade was a 1.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 17,235 shares of company stock valued at $6,364,276 over the last 90 days. 4.00% of the stock is owned by company insiders.

Institutional Trading of HubSpot

Hedge funds and other institutional investors have recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in HubSpot by 19.2% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,533 shares of the software maker’s stock valued at $5,306,000 after purchasing an additional 1,533 shares during the period. Nordea Investment Management AB boosted its position in shares of HubSpot by 34.9% in the 3rd quarter. Nordea Investment Management AB now owns 21,638 shares of the software maker’s stock worth $10,148,000 after purchasing an additional 5,595 shares in the last quarter. Moody Lynn & Lieberson LLC increased its position in HubSpot by 2,038.1% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,953 shares of the software maker’s stock valued at $11,663,000 after buying an additional 19,973 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of HubSpot by 24.1% in the second quarter. Los Angeles Capital Management LLC now owns 13,228 shares of the software maker’s stock worth $7,363,000 after buying an additional 2,569 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of HubSpot by 299.7% in the second quarter. KBC Group NV now owns 80,579 shares of the software maker’s stock valued at $44,853,000 after purchasing an additional 60,421 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.