UBS Group Lowers HubSpot (NYSE:HUBS) Price Target to $550.00

HubSpot (NYSE:HUBS) had its target price decreased by analysts at UBS Group from $580.00 to $550.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the software maker’s stock. UBS Group’s price target would indicate a potential upside of 16.38% from the stock’s previous close.

HUBS has been the subject of a number of other research reports. TD Cowen cut their price target on shares of HubSpot from $700.00 to $680.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Canaccord Genuity Group cut their price target on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a report on Thursday. Truist Financial reaffirmed a “buy” rating and set a $600.00 price target (down previously from $700.00) on shares of HubSpot in a report on Thursday. Piper Sandler reaffirmed an “overweight” rating and set a $570.00 price target on shares of HubSpot in a report on Thursday. Finally, Citigroup cut their price target on shares of HubSpot from $798.00 to $767.00 and set a “buy” rating for the company in a report on Friday, May 10th. Five research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $610.52.

HubSpot Stock Performance

Shares of NYSE:HUBS traded down $3.74 on Thursday, reaching $472.61. 600,231 shares of the company’s stock were exchanged, compared to its average volume of 654,662. The company has a fifty day moving average of $536.09 and a 200-day moving average of $590.11. HubSpot has a twelve month low of $407.23 and a twelve month high of $693.85. The company has a market capitalization of $24.09 billion, a price-to-earnings ratio of -178.34 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 (NYSE:HUBS) last announced its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. The firm had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. During the same quarter in the prior year, the business posted ($1.17) EPS. The business’s revenue was up 20.4% compared to the same quarter last year. On average, research analysts predict that HubSpot will post -0.44 EPS for the current fiscal year.

Insider Transactions at HubSpot

In other news, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of $586.85, for a total transaction of $14,671,250.00. Following the completion of the sale, the chief technology officer now directly owns 1,348,929 shares in the company, valued at $791,618,983.65. The transaction was disclosed in a filing with the SEC, which is available at this link. In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $586.85, for a total value of $14,671,250.00. Following the completion of the sale, the chief technology officer now directly owns 1,348,929 shares in the company, valued at $791,618,983.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dawson Alyssa Harvey sold 192 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $650.00, for a total transaction of $124,800.00. Following the completion of the sale, the insider now owns 10,860 shares of the company’s stock, valued at $7,059,000. The disclosure for this sale can be found here. Insiders sold a total of 46,875 shares of company stock worth $26,879,025 over the last three months. 4.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On HubSpot

A number of large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in HubSpot by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 77,292 shares of the software maker’s stock worth $45,586,000 after purchasing an additional 6,138 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of HubSpot by 0.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 484,586 shares of the software maker’s stock valued at $285,804,000 after buying an additional 3,775 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of HubSpot in the second quarter valued at $1,529,000. J.W. Cole Advisors Inc. bought a new position in shares of HubSpot in the second quarter valued at $239,000. Finally, Alta Advisers Ltd lifted its stake in shares of HubSpot by 100.0% in the second quarter. Alta Advisers Ltd now owns 200 shares of the software maker’s stock valued at $118,000 after buying an additional 100 shares in the last quarter. 90.39% of the stock is currently 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.