HubSpot (NYSE:HUBS) Price Target Cut to $450.00 by Analysts at UBS Group

HubSpot (NYSE:HUBS) had its price objective reduced by equities researchers at UBS Group from $600.00 to $450.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. UBS Group’s price target indicates a potential upside of 40.58% from the stock’s current price.

HUBS has been the topic of a number of other research reports. Citigroup restated a “buy” rating on shares of HubSpot in a research note on Monday, January 12th. Cantor Fitzgerald dropped their target price on HubSpot from $775.00 to $500.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Wells Fargo & Company dropped their price objective on shares of HubSpot from $685.00 to $600.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. KeyCorp cut their price objective on shares of HubSpot from $775.00 to $650.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, Canaccord Genuity Group cut their price objective on HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. One investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $595.73.

HubSpot Trading Up 0.1%

Shares of NYSE:HUBS traded up $0.45 on Wednesday, reaching $320.11. The company had a trading volume of 100,754 shares, compared to its average volume of 1,014,928. HubSpot has a 52-week low of $300.09 and a 52-week high of $881.13. The firm’s 50 day simple moving average is $368.43 and its 200-day simple moving average is $437.81. The firm has a market capitalization of $16.77 billion, a PE ratio of -3,997.95, a PEG ratio of 7.79 and a beta of 1.46.

HubSpot (NYSE:HUBS) last released its quarterly 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. The business had revenue of $809.52 million for the quarter, compared to analysts’ expectations of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The company’s revenue was up 20.9% compared to the same quarter last year. During the same period last year, the business earned $2.18 EPS. As a group, equities research analysts predict that HubSpot will post 1.01 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Brian Halligan sold 8,500 shares of the firm’s 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 sale, the director directly owned 487,344 shares in the company, valued at approximately $147,850,422.72. This trade represents a 1.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders have sold 25,735 shares of company stock worth $8,943,006. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Empowered Funds LLC lifted its position in shares of HubSpot by 88.5% during the 1st quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock worth $897,000 after buying an additional 737 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of HubSpot by 12.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 360 shares of the software maker’s stock worth $201,000 after acquiring an additional 41 shares during the period. Truist Financial Corp boosted its holdings in shares of HubSpot by 4.3% in the second quarter. Truist Financial Corp now owns 10,666 shares of the software maker’s stock valued at $5,937,000 after acquiring an additional 439 shares in the last quarter. ASR Vermogensbeheer N.V. raised its holdings in HubSpot by 7.7% during the second quarter. ASR Vermogensbeheer N.V. now owns 4,023 shares of the software maker’s stock worth $2,239,000 after purchasing an additional 286 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in HubSpot by 0.3% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,101 shares of the software maker’s stock valued at $5,066,000 after purchasing an additional 30 shares during the period. 90.39% of the stock is 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.