HubSpot (NYSE:HUBS) Price Target Lowered to $550.00 at Evercore ISI

HubSpot (NYSE:HUBS) had its price objective reduced by Evercore ISI from $650.00 to $550.00 in a research report sent to investors on Thursday, Benzinga reports. Evercore ISI currently has an in-line rating on the software maker’s stock.

Several other brokerages have also issued reports on HUBS. Oppenheimer cut their target price on HubSpot from $725.00 to $625.00 and set an outperform rating for the company in a research note on Monday, July 22nd. Wells Fargo & Company dropped their price objective on HubSpot from $750.00 to $650.00 and set an overweight rating on the stock in a research report on Thursday, July 11th. BMO Capital Markets decreased their price objective on HubSpot from $710.00 to $635.00 and set an outperform rating on the stock in a research note on Thursday, May 9th. Piper Sandler restated an overweight rating and set a $570.00 target price on shares of HubSpot in a research report on Thursday. Finally, Canaccord Genuity Group decreased their price objective on shares of HubSpot from $700.00 to $600.00 and set a buy rating for the company in a report on Thursday. Five investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $610.52.

HubSpot Trading Down 0.8 %

Shares of HUBS stock traded down $3.65 during trading hours on Thursday, hitting $472.70. 600,116 shares of the company were exchanged, compared to its average volume of 654,662. HubSpot has a fifty-two week low of $407.23 and a fifty-two week high of $693.85. The firm has a market cap of $24.09 billion, a P/E ratio of -178.38 and a beta of 1.60. The company has a 50 day simple moving average of $538.86 and a two-hundred day simple moving average of $590.93. 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 earnings results on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.27. The company had revenue of $617.41 million for the quarter, compared to analysts’ expectations of $597.12 million. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. Equities analysts anticipate that HubSpot will post -0.44 EPS for the current year.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 2,877 shares of HubSpot stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other HubSpot news, insider Dawson Alyssa Harvey sold 384 shares of HubSpot 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 sale, the insider now owns 9,735 shares of the company’s stock, valued at approximately $4,548,484.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 2,877 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 68,037 shares of the company’s stock, 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 ninety days. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in HubSpot by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock valued at $3,025,964,000 after purchasing an additional 39,098 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of HubSpot by 10.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock worth $1,211,535,000 after buying an additional 176,336 shares in the last quarter. Wellington Management Group LLP raised its stake in HubSpot by 50.3% during the fourth quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock worth $1,088,119,000 after acquiring an additional 626,977 shares in the last quarter. Jennison Associates LLC lifted its stake in HubSpot by 62.1% in the 1st quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock valued at $988,406,000 after purchasing an additional 604,554 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of HubSpot during the 4th quarter valued at $311,236,000. 90.39% of the stock is owned by institutional investors.

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.