HubSpot (NYSE:HUBS) PT Lowered to $500.00 at Barclays

HubSpot (NYSE:HUBS) had its price objective decreased by stock analysts at Barclays from $575.00 to $500.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the software maker’s stock. Barclays‘s price objective would indicate a potential upside of 5.80% from the company’s current price.

Several other brokerages also recently weighed in on HUBS. BMO Capital Markets dropped their price objective on HubSpot from $635.00 to $570.00 and set an “outperform” rating for the company in a research report on Thursday. TD Cowen dropped their target price on shares of HubSpot from $700.00 to $680.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Wells Fargo & Company decreased their price target on shares of HubSpot from $650.00 to $625.00 and set an “overweight” rating on the stock in a report on Thursday. UBS Group lowered their price objective on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Mizuho cut their target price on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Five research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and a consensus target price of $610.52.

HubSpot Price Performance

HUBS traded down $3.74 on Friday, hitting $472.61. 600,231 shares of the stock 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 12 month low of $407.23 and a 12 month high of $693.85. The firm has a market capitalization of $24.09 billion, a price-to-earnings ratio of -178.34 and a beta of 1.60. The business has a 50-day moving average of $536.09 and a two-hundred day moving average of $590.11.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.30. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. The business had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. During the same quarter last year, the business posted ($1.17) EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. Sell-side analysts forecast that HubSpot will post -0.44 EPS for the current fiscal year.

Insider Transactions at HubSpot

In other news, insider Dawson Alyssa Harvey sold 469 shares of HubSpot stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $620.15, for a total value of $290,850.35. Following the completion of the transaction, the insider now directly owns 11,052 shares of the company’s stock, valued at approximately $6,853,897.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Kathryn Bueker sold 1,135 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total value of $672,828.00. Following the completion of the sale, the chief financial officer now directly owns 44,715 shares of the company’s stock, valued at approximately $26,507,052. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dawson Alyssa Harvey sold 469 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $620.15, for a total value of $290,850.35. Following the completion of the transaction, the insider now owns 11,052 shares in the company, valued at approximately $6,853,897.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,875 shares of company stock valued at $26,879,025. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in HubSpot by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock valued at $2,781,013,000 after purchasing an additional 119,999 shares during the period. Hsbc Holdings PLC increased its position in shares of HubSpot by 10.1% during the fourth quarter. Hsbc Holdings PLC now owns 22,402 shares of the software maker’s stock worth $13,022,000 after acquiring an additional 2,057 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of HubSpot by 15.1% in the 4th quarter. Stifel Financial Corp now owns 33,248 shares of the software maker’s stock worth $19,302,000 after acquiring an additional 4,371 shares during the last quarter. Strs Ohio lifted its position in HubSpot by 1,203.0% in the 4th quarter. Strs Ohio now owns 20,001 shares of the software maker’s stock valued at $11,611,000 after acquiring an additional 18,466 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in HubSpot by 19.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 22,546 shares of the software maker’s stock valued at $13,089,000 after purchasing an additional 3,671 shares during the last quarter. 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.