HubSpot (NYSE:HUBS) Hits New 52-Week Low Following Analyst Downgrade

HubSpot, Inc. (NYSE:HUBS) shares reached a new 52-week low on Wednesday after Oppenheimer lowered their price target on the stock from $550.00 to $350.00. Oppenheimer currently has an outperform rating on the stock. HubSpot traded as low as $236.36 and last traded at $244.5020, with a volume of 3383563 shares traded. The stock had previously closed at $274.06.

HUBS has been the subject of a number of other reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of HubSpot in a research note on Friday, January 9th. Truist Financial lowered their price target on shares of HubSpot from $675.00 to $650.00 and set a “buy” rating for the company in a report on Friday, November 7th. Wall Street Zen cut shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Cantor Fitzgerald decreased their price objective on HubSpot from $775.00 to $500.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Finally, The Goldman Sachs Group lowered their target price on HubSpot from $612.00 to $517.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $578.13.

Insiders Place Their Bets

In other news, insider Erika Ashley Fisher sold 841 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total value of $200,166.41. Following the transaction, the insider directly owned 10,119 shares in the company, valued at $2,408,423.19. This trade represents a 7.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated 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 completion of the sale, the director owned 487,344 shares of the company’s stock, valued at $147,850,422.72. This represents a 1.71% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 26,930 shares of company stock worth $9,175,604. 4.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Strategic Advocates LLC bought a new stake in HubSpot in the third quarter valued at approximately $25,000. Turning Point Benefit Group Inc. acquired a new position in shares of HubSpot in the 3rd quarter valued at $25,000. Goodman Advisory Group LLC acquired a new position in shares of HubSpot in the 2nd quarter valued at $27,000. Whittier Trust Co. increased its position in shares of HubSpot by 136.4% in the 2nd quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock valued at $29,000 after buying an additional 30 shares in the last quarter. Finally, Exane Asset Management acquired a new stake in HubSpot during the 3rd quarter worth $30,000. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Up 4.0%

The company has a fifty day simple moving average of $352.50 and a two-hundred day simple moving average of $423.88. The stock has a market capitalization of $12.17 billion, a P/E ratio of 620.81, a price-to-earnings-growth ratio of 5.31 and a beta of 1.44.

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

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.