HubSpot (NYSE:HUBS) Price Target Cut to $450.00 by Analysts at UBS Group

HubSpot (NYSE:HUBS) had its target price lowered by UBS Group from $600.00 to $450.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

Several other research firms have also recently issued reports on HUBS. The Goldman Sachs Group lowered their price objective on HubSpot from $612.00 to $517.00 and set a “buy” rating on the stock in a research report on Wednesday. BMO Capital Markets decreased their price target on HubSpot from $550.00 to $465.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Rothschild & Co Redburn reaffirmed a “neutral” rating and set a $450.00 price objective (down from $610.00) on shares of HubSpot in a research report on Monday, November 10th. Weiss Ratings reiterated a “sell (e+)” rating on shares of HubSpot in a report on Friday, January 9th. Finally, Morgan Stanley lowered their target price on shares of HubSpot from $640.00 to $577.00 and set an “overweight” rating on the stock in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and an average target price of $595.73.

HubSpot Price Performance

HUBS opened at $316.74 on Wednesday. The firm has a market cap of $16.59 billion, a PE ratio of -3,959.29, a P/E/G ratio of 7.57 and a beta of 1.46. The stock has a 50-day moving average price of $367.56 and a 200-day moving average price of $436.97. HubSpot has a 1 year low of $300.09 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 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.08. The business had revenue of $809.52 million during the quarter, compared to analyst estimates of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. HubSpot’s revenue was up 20.9% compared to the same quarter last year. During the same period last year, the business earned $2.18 EPS. As a group, sell-side analysts anticipate that HubSpot will post 1.01 EPS for the current year.

Insider Activity at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on 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 transaction, the director owned 487,344 shares in the company, valued at $147,850,422.72. This represents a 1.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 25,735 shares of company stock worth $8,943,006. 4.00% of the stock is owned by corporate insiders.

Institutional Trading of HubSpot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC boosted its stake in shares of HubSpot by 88.9% during the 4th quarter. Chicago Partners Investment Group LLC now owns 1,392 shares of the software maker’s stock worth $559,000 after acquiring an additional 655 shares during the last quarter. B. Metzler seel. Sohn & Co. AG increased its stake in shares of HubSpot by 7.5% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 4,396 shares of the software maker’s stock worth $1,765,000 after purchasing an additional 308 shares in the last quarter. HB Wealth Management LLC raised its holdings in HubSpot by 5.9% in the 4th quarter. HB Wealth Management LLC now owns 1,168 shares of the software maker’s stock worth $469,000 after purchasing an additional 65 shares during the period. M&T Bank Corp lifted its position in HubSpot by 318.9% during the fourth quarter. M&T Bank Corp now owns 9,464 shares of the software maker’s stock valued at $3,453,000 after purchasing an additional 7,205 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its position in HubSpot by 4.2% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 54,115 shares of the software maker’s stock valued at $21,924,000 after purchasing an additional 2,184 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.