BMO Capital Markets Cuts HubSpot (NYSE:HUBS) Price Target to $385.00

HubSpot (NYSE:HUBS) had its price objective decreased by investment analysts at BMO Capital Markets from $465.00 to $385.00 in a research note issued to investors on Thursday, MarketBeat reports. The brokerage presently has an “outperform” rating on the software maker’s stock. BMO Capital Markets’ price target indicates a potential upside of 21.55% from the company’s current price.

HUBS has been the subject of several other research reports. Barclays lowered their price objective on shares of HubSpot from $575.00 to $525.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Rothschild & Co Redburn reiterated a “neutral” rating and issued a $450.00 target price (down previously from $610.00) on shares of HubSpot in a report on Monday, November 10th. Piper Sandler cut their target price on HubSpot from $675.00 to $590.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. KeyCorp lowered their price target on HubSpot from $775.00 to $650.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Finally, Zacks Research cut shares of HubSpot from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus price target of $593.07.

HubSpot Trading Down 0.9%

Shares of HubSpot stock opened at $316.74 on Thursday. The firm has a market cap of $16.59 billion, a PE ratio of -3,959.29, a PEG ratio of 7.57 and a beta of 1.46. The stock has a 50 day moving average of $367.56 and a 200 day moving average of $436.97. HubSpot has a 12 month low of $300.09 and a 12 month high of $881.13.

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

Insider Activity

In other news, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total value of $2,578,730.00. Following the transaction, the director directly owned 487,344 shares in the company, valued at approximately $147,850,422.72. This represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 25,735 shares of company stock worth $8,943,006 over the last ninety days. 4.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HubSpot

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HUBS. Strategic Advocates LLC bought a new position in HubSpot in the 3rd quarter worth about $25,000. Turning Point Benefit Group Inc. bought a new position in HubSpot in the third quarter worth approximately $25,000. Goodman Advisory Group LLC bought a new position in HubSpot in the second quarter worth approximately $27,000. Whittier Trust Co. raised its position in HubSpot by 136.4% during the 2nd quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. Finally, Exane Asset Management purchased a new stake in shares of HubSpot in the 3rd quarter worth $30,000. Institutional investors own 90.39% of the company’s stock.

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.