HubSpot (NYSE:HUBS) Price Target Lowered to $500.00 at Stifel Nicolaus

HubSpot (NYSE:HUBS) had its target price reduced by Stifel Nicolaus from $550.00 to $500.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the software maker’s stock.

HUBS has been the topic of a number of other reports. Morgan Stanley decreased their target price on HubSpot from $640.00 to $577.00 and set an “overweight” rating on the stock in a report on Thursday, January 15th. Zacks Research cut HubSpot from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Truist Financial reduced their price objective on shares of HubSpot from $675.00 to $650.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Cantor Fitzgerald decreased their target price on shares of HubSpot from $775.00 to $500.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Finally, Argus dropped their target price on shares of HubSpot from $650.00 to $525.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. One equities 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 two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $601.40.

HubSpot Trading Up 0.9%

Shares of NYSE HUBS opened at $322.27 on Friday. HubSpot has a twelve month low of $300.09 and a twelve month high of $881.13. The firm has a 50-day moving average of $370.22 and a two-hundred day moving average of $442.49. The company has a market capitalization of $16.88 billion, a price-to-earnings ratio of -4,028.39, a PEG ratio of 7.56 and a beta of 1.46.

HubSpot (NYSE:HUBS) last released its earnings results on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.08. The business had revenue of $809.52 million for the quarter, compared to the consensus estimate of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.18 EPS. As a group, research analysts predict that HubSpot will post 1.01 earnings per share for the current year.

Insider Activity

In related news, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 25,735 shares of company stock valued at $8,943,006 over the last ninety days. 4.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HubSpot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HUBS. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in HubSpot by 19.2% in the second 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 acquiring an additional 1,533 shares during the last quarter. Rakuten Investment Management Inc. acquired a new position in shares of HubSpot during the 3rd quarter worth $48,548,000. Nordea Investment Management AB increased its stake in shares of HubSpot by 34.9% during 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 during the last quarter. Triasima Portfolio Management inc. bought a new position in shares of HubSpot during the 3rd quarter valued at $2,079,000. Finally, Moody Lynn & Lieberson LLC lifted its stake in shares of HubSpot by 2,038.1% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,953 shares of the software maker’s stock valued at $11,663,000 after purchasing an additional 19,973 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Company Profile

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.