HubSpot (NYSE:HUBS) Given New $550.00 Price Target at JPMorgan Chase & Co.

HubSpot (NYSE:HUBSGet Rating) had its price target trimmed by JPMorgan Chase & Co. from $675.00 to $550.00 in a research note released on Friday morning, The Fly reports.

A number of other analysts also recently weighed in on the company. Truist Financial decreased their price target on HubSpot from $900.00 to $700.00 and set a buy rating for the company in a report on Friday, February 11th. BMO Capital Markets decreased their price target on HubSpot from $675.00 to $485.00 and set an outperform rating for the company in a report on Friday, April 22nd. Mizuho decreased their price target on HubSpot from $625.00 to $450.00 and set a buy rating for the company in a report on Friday. StockNews.com initiated coverage on shares of HubSpot in a research report on Thursday, March 31st. They set a hold rating on the stock. Finally, UBS Group cut their price objective on shares of HubSpot from $675.00 to $450.00 in a research report on Friday. Three investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Buy and a consensus price target of $667.08.

NYSE HUBS traded up $15.17 on Friday, reaching $356.38. The company had a trading volume of 2,256,230 shares, compared to its average volume of 603,690. The firm has a market cap of $17.01 billion, a price-to-earnings ratio of -260.13 and a beta of 1.70. HubSpot has a fifty-two week low of $325.97 and a fifty-two week high of $866.00. The business has a 50 day moving average of $442.77 and a two-hundred day moving average of $575.98. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.35 and a quick ratio of 2.35.

HubSpot (NYSE:HUBSGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The software maker reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.07. The business had revenue of $395.60 million during the quarter, compared to the consensus estimate of $383.05 million. HubSpot had a negative return on equity of 7.63% and a negative net margin of 5.98%. HubSpot’s quarterly revenue was up 40.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.29) earnings per share. As a group, research analysts predict that HubSpot will post -2.7 earnings per share for the current fiscal year.

In other news, insider Brian Halligan sold 11,520 shares of HubSpot stock in a transaction on Tuesday, March 15th. The shares were sold at an average price of $392.80, for a total transaction of $4,525,056.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yamini Rangan sold 874 shares of HubSpot stock in a transaction on Tuesday, April 19th. The stock was sold at an average price of $450.00, for a total transaction of $393,300.00. Following the sale, the chief executive officer now directly owns 59,650 shares of the company’s stock, valued at $26,842,500. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,594 shares of company stock valued at $5,011,758. Insiders own 8.30% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of HUBS. Jennison Associates LLC lifted its holdings in shares of HubSpot by 141.3% during the 3rd quarter. Jennison Associates LLC now owns 1,682,828 shares of the software maker’s stock worth $1,137,743,000 after acquiring an additional 985,452 shares during the last quarter. Norges Bank bought a new stake in HubSpot in the fourth quarter worth $261,886,000. Allspring Global Investments Holdings LLC bought a new stake in HubSpot in the fourth quarter worth $203,440,000. TD Asset Management Inc. lifted its stake in HubSpot by 134.6% in the fourth quarter. TD Asset Management Inc. now owns 389,830 shares of the software maker’s stock worth $256,956,000 after purchasing an additional 223,682 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in HubSpot by 378.7% in the fourth quarter. Millennium Management LLC now owns 152,461 shares of the software maker’s stock worth $100,495,000 after purchasing an additional 120,612 shares during the last quarter. 91.82% of the stock is owned by institutional investors.

About HubSpot (Get Rating)

HubSpot, Inc provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes marketing, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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