BMO Capital Markets Trims HubSpot (NYSE:HUBS) Target Price to $570.00

HubSpot (NYSE:HUBS) had its price target cut by BMO Capital Markets from $635.00 to $570.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the software maker’s stock. BMO Capital Markets’ price objective suggests a potential upside of 20.61% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Citigroup decreased their price objective on HubSpot from $798.00 to $767.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $730.00 target price on shares of HubSpot in a report on Thursday, May 9th. Stifel Nicolaus reduced their price objective on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Oppenheimer decreased their price objective on HubSpot from $725.00 to $625.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Finally, TD Cowen decreased their price target on shares of HubSpot from $700.00 to $680.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Five equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $610.52.

HubSpot Price Performance

Shares of NYSE:HUBS traded down $3.74 on Thursday, reaching $472.61. The company’s stock had a trading volume of 600,231 shares, compared to its average volume of 654,662. HubSpot has a 52-week low of $407.23 and a 52-week high of $693.85. The company has a 50-day simple moving average of $536.09 and a 200 day simple moving average of $590.11. The company has a market cap of $24.09 billion, a P/E ratio of -178.34 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.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, beating the consensus estimate of $1.64 by $0.30. The business had revenue of $637.20 million for the quarter, compared to the consensus estimate of $619.28 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.17) EPS. As a group, equities research analysts anticipate that HubSpot will post -0.44 EPS for the current fiscal year.

Insider Activity at HubSpot

In related news, insider Dawson Alyssa Harvey sold 384 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $467.23, for a total value of $179,416.32. Following the transaction, the insider now owns 9,735 shares in the company, valued at $4,548,484.05. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the completion of the transaction, the insider now owns 518,152 shares of the company’s stock, valued at $244,707,645.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Dawson Alyssa Harvey sold 384 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $467.23, for a total transaction of $179,416.32. Following the completion of the sale, the insider now directly owns 9,735 shares in the company, valued at approximately $4,548,484.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,875 shares of company stock worth $26,879,025. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Hedge funds have recently made changes to their positions in the business. Riverview Trust Co acquired a new stake in HubSpot in the 1st quarter valued at approximately $27,000. Rakuten Securities Inc. bought a new stake in shares of HubSpot during the fourth quarter valued at about $29,000. Geneos Wealth Management Inc. lifted its holdings in HubSpot by 1,125.0% in the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after purchasing an additional 45 shares during the period. International Assets Investment Management LLC bought a new position in HubSpot in the 2nd quarter valued at about $35,000. Finally, Larson Financial Group LLC lifted its stake in shares of HubSpot by 1,380.0% in the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock worth $43,000 after acquiring an additional 69 shares during the period. 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.