Mizuho Cuts HubSpot (NYSE:HUBS) Price Target to $700.00

HubSpot (NYSE:HUBS) had its target price decreased by Mizuho from $900.00 to $700.00 in a research note released on Tuesday morning, Marketbeat.com reports. Mizuho currently has an outperform rating on the software maker’s stock.

Other equities analysts have also recently issued reports about the company. Scotiabank upped their price objective on HubSpot from $825.00 to $900.00 and gave the stock a “sector outperform” rating in a report on Thursday, February 13th. Truist Financial reaffirmed a “buy” rating and issued a $900.00 target price (up previously from $750.00) on shares of HubSpot in a research note on Thursday, February 13th. Oppenheimer lifted their price target on shares of HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Macquarie started coverage on shares of HubSpot in a research note on Monday, March 24th. They issued an “outperform” rating and a $730.00 price objective for the company. Finally, StockNews.com cut shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and an average price target of $818.04.

HubSpot Trading Down 0.9 %

HUBS stock opened at $538.98 on Tuesday. The company’s 50 day moving average is $632.79 and its 200 day moving average is $659.01. The stock has a market cap of $28.11 billion, a price-to-earnings ratio of 5,989.35, a price-to-earnings-growth ratio of 41.44 and a beta of 1.82. HubSpot has a 1-year low of $434.84 and a 1-year high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. As a group, sell-side analysts forecast that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the transaction, the insider now owns 524,751 shares in the company, valued at approximately $425,048,310. This represents a 1.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the transaction, the chief executive officer now owns 72,373 shares of the company’s stock, valued at approximately $41,536,312.16. The trade was a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,882 shares of company stock worth $17,993,757 over the last 90 days. 4.50% of the stock is owned by company insiders.

Institutional Trading of HubSpot

A number of hedge funds have recently modified their holdings of HUBS. Elequin Capital LP bought a new stake in HubSpot during the fourth quarter worth about $27,000. Larson Financial Group LLC lifted its holdings in shares of HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after purchasing an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after purchasing an additional 19 shares in the last quarter. Coppell Advisory Solutions LLC increased its position in HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock valued at $32,000 after buying an additional 22 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in HubSpot during the third quarter valued at $25,000. Institutional investors own 90.39% of the company’s stock.

HubSpot Company Profile

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.