Scotiabank Cuts HubSpot (NYSE:HUBS) Price Target to $750.00

HubSpot (NYSE:HUBS) had its price target lowered by Scotiabank from $900.00 to $750.00 in a research note issued to investors on Thursday morning,Benzinga reports. Scotiabank currently has a sector outperform rating on the software maker’s stock.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. raised their target price on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Needham & Company LLC raised their price objective on shares of HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Mizuho reduced their target price on shares of HubSpot from $900.00 to $700.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. The Goldman Sachs Group lifted their price target on HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus boosted their price target on HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $789.11.

HubSpot Stock Up 2.7 %

Shares of HUBS stock opened at $616.56 on Thursday. HubSpot has a 12-month low of $434.84 and a 12-month high of $881.13. The firm has a fifty day moving average of $604.15 and a 200-day moving average of $661.47. The firm has a market capitalization of $32.16 billion, a price-to-earnings ratio of 6,851.43, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. Research analysts expect that HubSpot will post 1.01 earnings per share for the current year.

Insider Buying and Selling

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now directly owns 524,751 shares of the company’s stock, valued at $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the transaction, the chief executive officer now directly owns 72,373 shares in the company, valued at $41,536,312.16. The trade was a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,882 shares of company stock valued at $17,993,757. 4.50% of the stock is owned by insiders.

Institutional Investors Weigh In On HubSpot

Hedge funds have recently bought and sold shares of the stock. Mather Group LLC. increased its stake in shares of HubSpot by 12.1% during the first quarter. Mather Group LLC. now owns 288 shares of the software maker’s stock worth $165,000 after purchasing an additional 31 shares during the period. J.Safra Asset Management Corp lifted its holdings in shares of HubSpot by 71.0% during the first quarter. J.Safra Asset Management Corp now owns 424 shares of the software maker’s stock worth $242,000 after buying an additional 176 shares in the last quarter. Amalgamated Bank boosted its position in shares of HubSpot by 6.9% in the first quarter. Amalgamated Bank now owns 3,485 shares of the software maker’s stock valued at $1,991,000 after acquiring an additional 226 shares during the period. KBC Group NV boosted its position in shares of HubSpot by 8.9% in the first quarter. KBC Group NV now owns 20,158 shares of the software maker’s stock valued at $11,516,000 after acquiring an additional 1,643 shares during the period. Finally, Root Financial Partners LLC acquired a new position in shares of HubSpot in the first quarter valued at about $1,488,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

About HubSpot

HubSpot, Inc, together with its subsidiaries, 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 Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.