Stifel Nicolaus Lowers HubSpot (NYSE:HUBS) Price Target to $500.00

HubSpot (NYSE:HUBS) had its price target lowered by equities research analysts at Stifel Nicolaus from $550.00 to $500.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ target price indicates a potential upside of 52.63% from the company’s current price.

A number of other research firms also recently issued reports on HUBS. JPMorgan Chase & Co. decreased their price target on shares of HubSpot from $675.00 to $650.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Piper Sandler decreased their target price on HubSpot from $675.00 to $590.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Cantor Fitzgerald dropped their price target on HubSpot from $775.00 to $500.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Rothschild Redb cut HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, BTIG Research started coverage on HubSpot in a research report on Monday, January 5th. They set a “buy” rating and a $500.00 price objective for the company. One 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 two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $601.40.

HubSpot Price Performance

HUBS traded up $8.08 during trading on Friday, hitting $327.58. 104,020 shares of the stock traded hands, compared to its average volume of 1,023,166. The firm has a 50-day moving average of $371.69 and a 200 day moving average of $444.10. The firm has a market capitalization of $17.16 billion, a P/E ratio of -4,105.64, a price-to-earnings-growth ratio of 7.16 and a beta of 1.46. HubSpot has a 12-month low of $300.09 and a 12-month high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Thursday, November 6th. The software maker reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.08. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The firm had revenue of $809.52 million for the quarter, compared to analyst estimates of $786.80 million. During the same period last year, the company earned $2.18 EPS. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. As a group, equities analysts predict that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Activity at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total value of $2,578,730.00. Following the completion of the transaction, the director owned 487,344 shares in the company, valued at $147,850,422.72. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 25,735 shares of company stock valued at $8,943,006. 4.00% of the stock is currently owned by company insiders.

Institutional Trading of HubSpot

A number of institutional investors have recently made changes to their positions in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in HubSpot by 19.2% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,533 shares of the software maker’s stock valued at $5,306,000 after purchasing an additional 1,533 shares in the last quarter. Rakuten Investment Management Inc. purchased a new stake in shares of HubSpot during the 3rd quarter valued at about $48,548,000. Nordea Investment Management AB lifted its holdings in shares of HubSpot by 34.9% in the 3rd quarter. Nordea Investment Management AB now owns 21,638 shares of the software maker’s stock valued at $10,148,000 after acquiring an additional 5,595 shares during the last quarter. Triasima Portfolio Management inc. purchased a new position in HubSpot in the third quarter worth about $2,079,000. Finally, Moody Lynn & Lieberson LLC increased its stake in HubSpot by 2,038.1% during the second quarter. Moody Lynn & Lieberson LLC now owns 20,953 shares of the software maker’s stock worth $11,663,000 after acquiring an additional 19,973 shares during the last quarter. Hedge funds and other 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.