HubSpot (NYSE:HUBS) Price Target Lowered to $600.00 at Canaccord Genuity Group

HubSpot (NYSE:HUBS) had its price target lowered by Canaccord Genuity Group from $700.00 to $600.00 in a report issued on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

Other equities analysts have also issued research reports about the stock. Piper Sandler reduced their target price on shares of HubSpot from $655.00 to $570.00 and set an overweight rating on the stock in a report on Friday, July 12th. UBS Group reduced their price objective on HubSpot from $640.00 to $580.00 and set a neutral rating for the company in a research report on Friday, July 12th. Mizuho dropped their price target on shares of HubSpot from $700.00 to $650.00 and set a buy rating on the stock in a report on Thursday, May 9th. Stifel Nicolaus reduced their price objective on HubSpot from $700.00 to $600.00 and set a buy rating for the company in a research note on Tuesday, July 30th. Finally, Barclays lowered their price target on HubSpot from $600.00 to $575.00 and set an equal weight rating on the stock in a report on Thursday, May 9th. Five investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $610.52.

HubSpot Stock Down 0.8 %

Shares of HUBS stock traded down $3.65 on Thursday, reaching $472.70. 600,116 shares of the company were exchanged, compared to its average volume of 654,662. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.07 and a quick ratio of 2.07. HubSpot has a one year low of $407.23 and a one year high of $693.85. The company has a market cap of $24.09 billion, a price-to-earnings ratio of -178.38 and a beta of 1.60. The company has a 50-day moving average of $538.86 and a 200-day moving average of $590.93.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $617.41 million for the quarter, compared to analysts’ expectations of $597.12 million. Analysts anticipate that HubSpot will post -0.44 earnings per share for the current year.

Insider Activity

In related news, CEO Yamini Rangan sold 2,877 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Kathryn Bueker sold 2,190 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $625.00, for a total value of $1,368,750.00. Following the transaction, the chief financial officer now owns 45,737 shares in the company, valued at approximately $28,585,625. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 2,877 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the transaction, the chief executive officer now owns 68,037 shares in the company, valued at approximately $40,332,333.60. The disclosure for this sale can be found here. Insiders sold 46,875 shares of company stock worth $26,879,025 over the last three months. 4.50% of the stock is currently owned by insiders.

Institutional Trading of HubSpot

Several institutional investors have recently made changes to their positions in HUBS. Riverview Trust Co purchased a new stake in HubSpot during the first quarter worth $27,000. Rakuten Securities Inc. acquired a new stake in HubSpot in the 4th quarter valued at $29,000. Geneos Wealth Management Inc. increased its stake in HubSpot by 1,125.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after buying an additional 45 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of HubSpot during the second quarter worth $35,000. Finally, Larson Financial Group LLC increased its holdings in shares of HubSpot by 1,380.0% in the fourth quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock valued at $43,000 after purchasing an additional 69 shares during the last quarter. Hedge funds and other institutional investors 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.