Argus Issues Pessimistic Forecast for HubSpot (NYSE:HUBS) Stock Price

HubSpot (NYSE:HUBS) had its price target decreased by Argus from $650.00 to $525.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Argus’ target price points to a potential upside of 45.60% from the stock’s previous close.

A number of other research firms have also recently weighed in on HUBS. Stifel Nicolaus lowered their price target on HubSpot from $600.00 to $550.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Sanford C. Bernstein raised shares of HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 target price on the stock in a research report on Wednesday, September 3rd. Wells Fargo & Company lowered their target price on shares of HubSpot from $685.00 to $600.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Jefferies Financial Group reduced their price target on shares of HubSpot from $650.00 to $560.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Finally, Canaccord Genuity Group decreased their price objective on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $617.23.

HubSpot Price Performance

Shares of NYSE HUBS opened at $360.58 on Thursday. The company has a market capitalization of $18.89 billion, a P/E ratio of -4,507.28, a P/E/G ratio of 12.49 and a beta of 1.60. The company has a 50 day simple moving average of $458.85 and a 200-day simple moving average of $515.12. HubSpot has a 1 year low of $356.64 and a 1 year high of $881.13.

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

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 2,387 shares of the company’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $500.00, for a total transaction of $1,193,500.00. Following the sale, the chief executive officer owned 56,277 shares of the company’s stock, valued at approximately $28,138,500. This represents a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $506.52, for a total value of $4,305,420.00. Following the completion of the sale, the director owned 522,185 shares in the company, valued at approximately $264,497,146.20. The trade was a 1.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 42,598 shares of company stock worth $20,933,617. 4.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HubSpot

A number of hedge funds have recently bought and sold shares of HUBS. Venturi Wealth Management LLC grew its position in shares of HubSpot by 1.1% during the first quarter. Venturi Wealth Management LLC now owns 1,507 shares of the software maker’s stock worth $861,000 after buying an additional 16 shares in the last quarter. QRG Capital Management Inc. lifted its stake in HubSpot by 5.9% in the second quarter. QRG Capital Management Inc. now owns 434 shares of the software maker’s stock worth $242,000 after acquiring an additional 24 shares during the last quarter. Fifth Third Bancorp grew its holdings in HubSpot by 2.5% during the 3rd quarter. Fifth Third Bancorp now owns 1,076 shares of the software maker’s stock worth $503,000 after acquiring an additional 26 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of HubSpot by 4.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 597 shares of the software maker’s stock valued at $332,000 after purchasing an additional 27 shares during the last quarter. Finally, Insigneo Advisory Services LLC increased its position in shares of HubSpot by 6.3% in the 2nd quarter. Insigneo Advisory Services LLC now owns 470 shares of the software maker’s stock valued at $262,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.