BMO Capital Markets Has Lowered Expectations for HubSpot (NYSE:HUBS) Stock Price

HubSpot (NYSE:HUBS) had its price target reduced by stock analysts at BMO Capital Markets from $465.00 to $385.00 in a report released on Thursday, MarketBeat.com reports. The brokerage currently has an “outperform” rating on the software maker’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 37.51% from the company’s current price.

A number of other equities analysts also recently issued reports on HUBS. Argus cut their target price on HubSpot from $650.00 to $525.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Canaccord Genuity Group reduced their target price on HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Oppenheimer decreased their target price on shares of HubSpot from $750.00 to $550.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. KeyCorp cut their price target on shares of HubSpot from $775.00 to $650.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, UBS Group decreased their price objective on shares of HubSpot from $600.00 to $450.00 and set a “buy” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and a consensus price target of $593.07.

HubSpot Stock Performance

Shares of HUBS opened at $279.98 on Thursday. The stock has a market capitalization of $14.67 billion, a P/E ratio of -3,499.75, a P/E/G ratio of 6.68 and a beta of 1.46. The company’s fifty day moving average is $364.54 and its two-hundred day moving average is $434.09. HubSpot has a 1 year low of $276.73 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS) last released its earnings results on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate of $2.58 by $0.08. The company had revenue of $809.52 million during the quarter, compared to analysts’ expectations of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The business’s revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the business earned $2.18 EPS. Sell-side analysts predict that HubSpot will post 1.01 EPS for the current year.

Insider Buying and Selling at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the completion of the transaction, the director directly owned 487,344 shares in the company, valued at $147,850,422.72. The trade was a 1.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 25,735 shares of company stock worth $8,943,006. Company insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On HubSpot

A number of large investors have recently bought and sold shares of the stock. Jennison Associates LLC lifted its position in shares of HubSpot by 548.6% in the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock valued at $442,341,000 after acquiring an additional 672,158 shares in the last quarter. Norges Bank acquired a new stake in shares of HubSpot during the 2nd quarter worth about $269,941,000. Pictet Asset Management Holding SA grew its holdings in shares of HubSpot by 32.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,935,587 shares of the software maker’s stock worth $776,714,000 after buying an additional 476,740 shares in the last quarter. Vanguard Group Inc. raised its position in shares of HubSpot by 6.4% in the third quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock valued at $2,683,659,000 after buying an additional 345,524 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of HubSpot by 89.2% during the third quarter. AQR Capital Management LLC now owns 546,436 shares of the software maker’s stock valued at $255,623,000 after buying an additional 257,577 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Company Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.