HubSpot (NYSE:HUBS) Sets New 1-Year Low – What’s Next?

HubSpot, Inc. (NYSE:HUBS) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $303.00 and last traded at $303.0420, with a volume of 94313 shares traded. The stock had previously closed at $311.88.

Analyst Upgrades and Downgrades

HUBS has been the subject of a number of recent analyst reports. Rothschild & Co Redburn reaffirmed a “neutral” rating and set a $450.00 price target (down previously from $610.00) on shares of HubSpot in a report on Monday, November 10th. Argus reduced their price target on HubSpot from $650.00 to $525.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Truist Financial reduced their price objective on shares of HubSpot from $675.00 to $650.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Cantor Fitzgerald decreased their target price on shares of HubSpot from $775.00 to $500.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Finally, The Goldman Sachs Group lowered their price objective on HubSpot from $717.00 to $612.00 and set a “buy” rating for the company in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $603.07.

HubSpot Stock Down 2.6%

The business has a 50-day moving average price of $376.79 and a two-hundred day moving average price of $447.79. The company has a market capitalization of $15.91 billion, a price-to-earnings ratio of -3,796.31, a price-to-earnings-growth ratio of 7.32 and a beta of 1.46.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.08. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The business had revenue of $809.52 million during the quarter, compared to analyst estimates of $786.80 million. During the same quarter in the previous year, the business posted $2.18 EPS. HubSpot’s quarterly revenue was up 20.9% on a year-over-year basis. On average, sell-side analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $366.99, for a total value of $3,119,415.00. Following the completion of the sale, the director directly owned 496,308 shares of the company’s stock, valued at approximately $182,140,072.92. This represents a 1.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 17,235 shares of company stock valued at $6,364,276. Corporate insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Several hedge funds have recently modified their holdings of HUBS. Jennison Associates LLC raised its position in HubSpot by 548.6% in the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock worth $442,341,000 after acquiring an additional 672,158 shares during the period. Norges Bank bought a new stake in HubSpot during the 2nd quarter worth approximately $269,941,000. Vanguard Group Inc. lifted its stake in HubSpot by 6.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock worth $2,683,659,000 after purchasing an additional 345,524 shares in the last quarter. AQR Capital Management LLC boosted its stake in 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. Finally, Atreides Management LP purchased a new position in shares of HubSpot during the third quarter worth about $113,878,000. Institutional investors own 90.39% of the company’s stock.

About HubSpot

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.