HubSpot (NYSE:HUBS) Price Target Lowered to $325.00 at Stifel Nicolaus

HubSpot (NYSE:HUBS) had its target price lowered by investment analysts at Stifel Nicolaus from $375.00 to $325.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 34.49% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the company. Jefferies Financial Group decreased their price objective on HubSpot from $560.00 to $325.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. The Goldman Sachs Group cut their target price on HubSpot from $517.00 to $442.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Zacks Research raised shares of HubSpot from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. KeyCorp lowered their price target on shares of HubSpot from $400.00 to $340.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of HubSpot in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $429.90.

HubSpot Trading Down 0.5%

Shares of HUBS traded down $1.13 during mid-day trading on Thursday, hitting $241.66. The company’s stock had a trading volume of 122,257 shares, compared to its average volume of 1,657,375. The company’s 50-day moving average is $259.28 and its 200-day moving average is $361.46. HubSpot has a 52-week low of $207.20 and a 52-week high of $682.57. The firm has a market capitalization of $12.75 billion, a price-to-earnings ratio of 280.09, a PEG ratio of 4.51 and a beta of 1.44.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 11th. The software maker reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.10. The company had revenue of $846.75 million for the quarter, compared to analyst estimates of $830.65 million. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. HubSpot’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company posted $2.32 earnings per share. As a group, sell-side analysts predict that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $262.75, for a total transaction of $2,233,375.00. Following the completion of the sale, the director owned 370,558 shares of the company’s stock, valued at approximately $97,364,114.50. The trade was a 2.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Erika Ashley Fisher sold 841 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total value of $200,166.41. Following the sale, the insider owned 10,119 shares in the company, valued at approximately $2,408,423.19. The trade was a 7.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 26,691 shares of company stock valued at $7,250,662. 4.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HubSpot

Several hedge funds and other institutional investors have recently bought and sold shares of HUBS. Empowered Funds LLC raised its position in HubSpot by 88.5% during the 1st quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock worth $897,000 after buying an additional 737 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of HubSpot by 32.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,109 shares of the software maker’s stock valued at $617,000 after acquiring an additional 272 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of HubSpot by 44.8% in the second quarter. Mackenzie Financial Corp now owns 4,842 shares of the software maker’s stock worth $2,695,000 after acquiring an additional 1,498 shares during the period. Schroder Investment Management Group increased its stake in shares of HubSpot by 0.5% in the second quarter. Schroder Investment Management Group now owns 7,338 shares of the software maker’s stock worth $4,085,000 after acquiring an additional 33 shares during the period. Finally, Lido Advisors LLC raised its holdings in shares of HubSpot by 1.1% during the second quarter. Lido Advisors LLC now owns 3,533 shares of the software maker’s stock worth $1,967,000 after purchasing an additional 37 shares during the last quarter. 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.