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

HubSpot (NYSE:HUBS) had its price target cut by UBS Group from $580.00 to $550.00 in a research report report published on Thursday, Benzinga reports. They currently have a neutral rating on the software maker’s stock.

Other equities analysts have also recently issued reports about the company. Oppenheimer lowered their price target on HubSpot from $725.00 to $625.00 and set an outperform rating for the company in a report on Monday, July 22nd. Stifel Nicolaus lowered 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 Tuesday, July 30th. BMO Capital Markets reduced their price target on shares of HubSpot from $710.00 to $635.00 and set an outperform rating on the stock in a research note on Thursday, May 9th. Evercore ISI lowered their price objective on shares of HubSpot from $650.00 to $550.00 and set an in-line rating for the company in a research report on Thursday. Finally, Piper Sandler reiterated an overweight rating and issued a $570.00 target price on shares of HubSpot in a report on Thursday. Five investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $610.52.

HubSpot Trading Down 0.8 %

Shares of NYSE HUBS traded down $3.65 during midday trading on Thursday, reaching $472.70. 600,116 shares of the stock were exchanged, compared to its average volume of 654,662. The stock has a market capitalization of $24.09 billion, a P/E ratio of -178.38 and a beta of 1.60. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.07 and a current ratio of 2.07. The company has a 50 day simple moving average of $538.86 and a 200 day simple moving average of $590.93. HubSpot has a twelve month low of $407.23 and a twelve month high of $693.85.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.27. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. The company had revenue of $617.41 million during the quarter, compared to analysts’ expectations of $597.12 million. As a group, equities analysts expect that HubSpot will post -0.44 earnings per share for the current year.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 2,877 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the sale, the chief executive officer now owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Yamini Rangan sold 2,877 shares of the stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $1,705,485.60. Following the transaction, the chief executive officer now directly owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dawson Alyssa Harvey sold 469 shares of HubSpot stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $620.15, for a total transaction of $290,850.35. Following the sale, the insider now owns 11,052 shares in the company, valued at $6,853,897.80. The disclosure for this sale can be found here. Insiders have sold a total of 46,875 shares of company stock worth $26,879,025 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in HubSpot by 14.3% in the first quarter. GAMMA Investing LLC now owns 120 shares of the software maker’s stock valued at $75,000 after buying an additional 15 shares during the last quarter. Lincoln National Corp raised its position in HubSpot by 2.6% in the 4th quarter. Lincoln National Corp now owns 666 shares of the software maker’s stock valued at $387,000 after purchasing an additional 17 shares during the last quarter. Addison Capital Co boosted its stake in HubSpot by 0.5% during the 4th quarter. Addison Capital Co now owns 3,822 shares of the software maker’s stock worth $2,219,000 after purchasing an additional 18 shares during the period. First Affirmative Financial Network grew its position in HubSpot by 3.8% during the 1st quarter. First Affirmative Financial Network now owns 493 shares of the software maker’s stock worth $309,000 after purchasing an additional 18 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC grew its position in HubSpot by 0.7% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 2,879 shares of the software maker’s stock worth $1,671,000 after purchasing an additional 20 shares during the last quarter. 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.