Stifel Nicolaus Trims HubSpot (NYSE:HUBS) Target Price to $600.00

HubSpot (NYSE:HUBS) had its price target cut by Stifel Nicolaus from $700.00 to $600.00 in a research report released on Tuesday, Benzinga reports. They currently have a buy rating on the software maker’s stock.

Other equities analysts also recently issued reports about the company. UBS Group reduced their price target on HubSpot from $640.00 to $580.00 and set a neutral rating on the stock in a research report on Friday, July 12th. Barclays cut their target price on HubSpot from $600.00 to $575.00 and set an equal weight rating on the stock in a research report on Thursday, May 9th. KeyCorp cut their target price on HubSpot from $520.00 to $460.00 and set an underweight rating on the stock in a research report on Friday, July 12th. BMO Capital Markets cut their target price on HubSpot from $710.00 to $635.00 and set an outperform rating on the stock in a research report on Thursday, May 9th. Finally, TD Cowen cut their target price on HubSpot from $700.00 to $680.00 and set a buy rating on the stock in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, HubSpot has an average rating of Moderate Buy and a consensus price target of $630.04.

HubSpot Stock Performance

Shares of HUBS stock opened at $465.83 on Tuesday. The business’s fifty day simple moving average is $551.66 and its 200-day simple moving average is $594.00. The company has a market cap of $23.74 billion, a PE ratio of -175.78 and a beta of 1.60. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32. HubSpot has a 12-month low of $407.23 and a 12-month high of $693.85.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.27. The business had revenue of $617.41 million for the quarter, compared to the consensus estimate of $597.12 million. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. Analysts expect that HubSpot will post -0.44 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In related news, CFO Kathryn Bueker sold 3,937 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $616.51, for a total value of $2,427,199.87. Following the transaction, the chief financial officer now directly owns 45,737 shares of the company’s stock, valued at approximately $28,197,317.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Kathryn Bueker sold 3,937 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $616.51, for a total value of $2,427,199.87. Following the transaction, the chief financial officer now directly owns 45,737 shares of the company’s stock, valued at approximately $28,197,317.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dawson Alyssa Harvey sold 192 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $650.00, for a total transaction of $124,800.00. Following the completion of the transaction, the insider now directly owns 10,860 shares in the company, valued at $7,059,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,491 shares of company stock valued at $26,699,609. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of HubSpot

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in HubSpot by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock valued at $2,781,013,000 after acquiring an additional 119,999 shares during the last quarter. Hsbc Holdings PLC raised its holdings in HubSpot by 10.1% in the 4th quarter. Hsbc Holdings PLC now owns 22,402 shares of the software maker’s stock valued at $13,022,000 after acquiring an additional 2,057 shares during the last quarter. Stifel Financial Corp raised its holdings in HubSpot by 15.1% in the 4th quarter. Stifel Financial Corp now owns 33,248 shares of the software maker’s stock valued at $19,302,000 after acquiring an additional 4,371 shares during the last quarter. Strs Ohio increased its holdings in shares of HubSpot by 1,203.0% during the 4th quarter. Strs Ohio now owns 20,001 shares of the software maker’s stock worth $11,611,000 after buying an additional 18,466 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its position in shares of HubSpot by 19.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 22,546 shares of the software maker’s stock valued at $13,089,000 after buying an additional 3,671 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Company Profile

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.