HubSpot (NYSE:HUBS) Reaches New 12-Month Low on Analyst Downgrade

Shares of HubSpot, Inc. (NYSE:HUBS) hit a new 52-week low during mid-day trading on Thursday after BMO Capital Markets lowered their price target on the stock from $465.00 to $385.00. BMO Capital Markets currently has an outperform rating on the stock. HubSpot traded as low as $277.48 and last traded at $278.5220, with a volume of 1080987 shares. The stock had previously closed at $317.11.

Several other equities analysts have also recently issued reports on the company. Needham & Company LLC dropped their price target on HubSpot from $900.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. BTIG Research started coverage on HubSpot in a research note on Monday, January 5th. They issued a “buy” rating and a $500.00 target price on the stock. Wall Street Zen cut HubSpot from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Bank of America lowered their price objective on shares of HubSpot from $640.00 to $515.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Finally, Oppenheimer dropped their price objective on shares of HubSpot from $750.00 to $550.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and an average price target of $593.07.

Insider Buying and Selling

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction 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 sale, the director directly owned 487,344 shares in the company, valued at approximately $147,850,422.72. The trade was a 1.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 25,735 shares of company stock valued at $8,943,006 over the last three months. 4.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Strategic Advocates LLC purchased a new stake in shares of HubSpot during the 3rd quarter worth approximately $25,000. Turning Point Benefit Group Inc. acquired a new position in HubSpot during the third quarter worth $25,000. Goodman Advisory Group LLC purchased a new stake in HubSpot during the second quarter worth $27,000. Whittier Trust Co. boosted its position in HubSpot by 136.4% during the second quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock worth $29,000 after purchasing an additional 30 shares in the last quarter. Finally, Exane Asset Management acquired a new stake in HubSpot in the third quarter valued at $30,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Price Performance

The firm has a market cap of $14.67 billion, a PE ratio of -3,499.75, a PEG ratio of 6.68 and a beta of 1.46. The business has a 50-day moving average price of $364.54 and a two-hundred day moving average price of $434.09.

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

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.