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

HubSpot (NYSE:HUBS) had its target price lowered by analysts at Stifel Nicolaus from $650.00 to $600.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ price objective points to a potential upside of 27.58% from the company’s previous close.

A number of other equities analysts also recently weighed in on the company. Barclays dropped their target price on HubSpot from $745.00 to $675.00 and set an “overweight” rating on the stock in a report on Monday, July 21st. Truist Financial dropped their price objective on shares of HubSpot from $720.00 to $675.00 and set a “buy” rating on the stock in a research note on Thursday, August 7th. Wall Street Zen lowered shares of HubSpot from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $900.00 price target on shares of HubSpot in a research note on Thursday, September 4th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of HubSpot in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus target price of $719.54.

HubSpot Stock Performance

NYSE HUBS opened at $470.28 on Tuesday. The firm’s 50 day moving average price is $474.20 and its two-hundred day moving average price is $533.20. HubSpot has a twelve month low of $418.34 and a twelve month high of $881.13. The stock has a market cap of $24.78 billion, a price-to-earnings ratio of -2,044.71, a PEG ratio of 16.49 and a beta of 1.58.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, topping the consensus estimate of $2.12 by $0.07. The business had revenue of $760.87 million during the quarter, compared to analysts’ expectations of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.HubSpot’s revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.94 earnings per share. On average, research analysts forecast that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 2,387 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $1,193,500.00. Following the completion of the sale, the chief executive officer directly owned 56,277 shares of the company’s stock, valued at approximately $28,138,500. This represents a 4.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Dharmesh Shah sold 4,747 shares of HubSpot stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $501.60, for a total transaction of $2,381,095.20. Following the completion of the transaction, the chief technology officer owned 1,271,058 shares in the company, valued at $637,562,692.80. This trade represents a 0.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,598 shares of company stock worth $20,947,042 over the last ninety days. Company insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of HubSpot by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 5,391,241 shares of the software maker’s stock worth $3,000,926,000 after purchasing an additional 144,507 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in HubSpot by 17.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker’s stock worth $2,805,070,000 after buying an additional 714,980 shares during the period. Massachusetts Financial Services Co. MA increased its position in HubSpot by 37.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock worth $530,115,000 after buying an additional 251,853 shares during the period. Geode Capital Management LLC lifted its holdings in shares of HubSpot by 4.3% during the second quarter. Geode Capital Management LLC now owns 925,938 shares of the software maker’s stock worth $513,886,000 after buying an additional 38,096 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in shares of HubSpot by 548.6% in the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock valued at $442,341,000 after acquiring an additional 672,158 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

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.