UBS Group Cuts HubSpot (NYSE:HUBS) Price Target to $450.00

HubSpot (NYSE:HUBS) had its price objective trimmed by UBS Group from $600.00 to $450.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

Several other equities analysts have also recently weighed in on HUBS. Canaccord Genuity Group cut their target price on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Rothschild Redb downgraded shares of HubSpot from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Oppenheimer reduced their target price on HubSpot from $750.00 to $550.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Needham & Company LLC decreased their target price on HubSpot from $900.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of HubSpot in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $593.07.

HubSpot Stock Down 0.6%

NYSE HUBS opened at $279.98 on Wednesday. HubSpot has a 52 week low of $276.73 and a 52 week high of $881.13. The company has a market capitalization of $14.67 billion, a P/E ratio of -3,499.75, a price-to-earnings-growth ratio of 6.68 and a beta of 1.46. The stock’s 50-day moving average price is $364.54 and its 200-day moving average price is $434.09.

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

Insider Transactions at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of HubSpot 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 completion of the transaction, the director directly owned 487,344 shares of the company’s stock, valued at $147,850,422.72. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 25,735 shares of company stock valued at $8,943,006 in the last ninety days. 4.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On HubSpot

A number of large investors have recently made changes to their positions in the company. Strategic Advocates LLC bought a new stake in HubSpot in the third quarter worth about $25,000. Turning Point Benefit Group Inc. bought a new stake in shares of HubSpot during the 3rd quarter worth approximately $25,000. Goodman Advisory Group LLC purchased a new position in HubSpot during the 2nd quarter valued at $27,000. Whittier Trust Co. grew its position in 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 acquiring an additional 30 shares during the last quarter. Finally, Exane Asset Management purchased a new stake in HubSpot in the third quarter worth $30,000. 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.