HubSpot (NYSE:HUBS) PT Lowered to $650.00 at Wells Fargo & Company

HubSpot (NYSE:HUBS) had its target price lowered by Wells Fargo & Company from $750.00 to $650.00 in a research note issued to investors on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the software maker’s stock.

Other research analysts have also issued research reports about the stock. Barclays lowered their price target on shares of HubSpot from $600.00 to $575.00 and set an equal weight rating for the company in a report on Thursday, May 9th. TD Cowen cut their price target on shares of HubSpot from $700.00 to $680.00 and set a buy rating on the stock in a research report on Thursday, May 9th. Piper Sandler lowered their price objective on HubSpot from $675.00 to $655.00 and set an overweight rating for the company in a research report on Thursday, May 9th. Stifel Nicolaus cut their target price on HubSpot from $750.00 to $700.00 and set a buy rating on the stock in a research report on Thursday, May 9th. Finally, Citigroup reduced their price objective on shares of HubSpot from $798.00 to $767.00 and set a buy rating for the company in a research report on Friday, May 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $633.69.

HubSpot Stock Performance

NYSE:HUBS opened at $476.13 on Thursday. The stock’s 50-day moving average is $587.56 and its 200-day moving average is $602.35. The stock has a market cap of $24.26 billion, a P/E ratio of -179.67 and a beta of 1.60. HubSpot has a 1-year low of $407.23 and a 1-year high of $693.85. 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 quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.27. The firm had revenue of $617.41 million during the quarter, compared to analysts’ expectations of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. Equities research analysts anticipate that HubSpot will post -0.55 earnings per share for the current year.

Insider Activity

In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the transaction, the insider now owns 526,041 shares in the company, valued at $334,656,763.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the transaction, the insider now directly owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dawson Alyssa Harvey sold 469 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $620.15, for a total value of $290,850.35. Following the completion of 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 sold a total of 46,491 shares of company stock valued at $28,092,844 in the last ninety days. 4.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HubSpot

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Riverview Trust Co bought a new position in HubSpot in the 1st quarter worth approximately $27,000. Geneos Wealth Management Inc. grew its position in shares of HubSpot by 1,125.0% in the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock valued at $31,000 after purchasing an additional 45 shares in the last quarter. Rakuten Securities Inc. purchased a new position in shares of HubSpot in the fourth quarter valued at $29,000. Venturi Wealth Management LLC raised its stake in shares of HubSpot by 335.7% during the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after purchasing an additional 47 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in HubSpot by 1,380.0% during the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock worth $43,000 after purchasing an additional 69 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

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.