KeyCorp Trims HubSpot (NYSE:HUBS) Target Price to $460.00

HubSpot (NYSE:HUBS) had its price objective trimmed by KeyCorp from $520.00 to $460.00 in a research note released on Friday, Benzinga reports. The firm currently has an underweight rating on the software maker’s stock.

Several other research analysts also recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of HubSpot from $750.00 to $700.00 and set a buy rating on the stock in a research report on Thursday, May 9th. Canaccord Genuity Group cut their target price on shares of HubSpot from $750.00 to $700.00 and set a buy rating on the stock in a research report on Thursday, May 9th. TD Cowen cut their target price 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 cut their target price on shares of HubSpot from $655.00 to $570.00 and set an overweight rating on the stock in a research report on Friday. Finally, Scotiabank upped their target price on shares of HubSpot from $650.00 to $700.00 and gave the company a sector outperform rating in a research report on Friday, April 5th. One equities 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. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $633.69.

HubSpot Stock Down 0.8 %

Shares of NYSE HUBS opened at $472.23 on Friday. The firm’s 50-day simple moving average is $584.66 and its 200 day simple moving average is $601.65. The company has a market cap of $24.06 billion, a price-to-earnings ratio of -178.20 and a beta of 1.60. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.32. HubSpot has a 12-month low of $407.23 and a 12-month high of $693.85.

HubSpot (NYSE:HUBS) last issued its quarterly 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. The business had revenue of $617.41 million for the quarter, compared to the consensus estimate of $597.12 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. On average, research analysts expect that HubSpot will post -0.55 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

In other news, CFO Kathryn Bueker sold 3,937 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $616.51, for a total transaction of $2,427,199.87. Following the completion of the transaction, the chief financial officer now directly owns 45,737 shares of the company’s stock, valued at approximately $28,197,317.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Kathryn Bueker sold 3,937 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $616.51, for a total value of $2,427,199.87. Following the completion of the transaction, the chief financial officer now directly owns 45,737 shares of the company’s stock, valued at $28,197,317.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Dawson Alyssa Harvey sold 192 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $650.00, for a total transaction of $124,800.00. Following the completion of the transaction, the insider now directly 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 37,991 shares of company stock valued at $22,685,314 in the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HubSpot

Several hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in HubSpot by 14.3% during the 1st quarter. GAMMA Investing LLC now owns 120 shares of the software maker’s stock valued at $75,000 after purchasing an additional 15 shares during the last quarter. Lincoln National Corp lifted its holdings in HubSpot by 2.6% during 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 lifted its holdings in HubSpot by 0.5% during the 4th quarter. Addison Capital Co now owns 3,822 shares of the software maker’s stock valued at $2,219,000 after purchasing an additional 18 shares during the last quarter. First Affirmative Financial Network lifted its holdings in HubSpot by 3.8% during the 1st quarter. First Affirmative Financial Network now owns 493 shares of the software maker’s stock valued at $309,000 after purchasing an additional 18 shares during the last quarter. Finally, HB Wealth Management LLC lifted its holdings in HubSpot by 3.5% during the 4th quarter. HB Wealth Management LLC now owns 562 shares of the software maker’s stock valued at $326,000 after purchasing an additional 19 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

About HubSpot

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.