HubSpot (NYSE:HUBS) Price Target Lowered to $550.00 at Mizuho

HubSpot (NYSE:HUBS) had its price target lowered by stock analysts at Mizuho from $700.00 to $550.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the software maker’s stock. Mizuho’s target price points to a potential upside of 18.34% from the stock’s current price.

A number of other research analysts also recently issued reports on HUBS. JPMorgan Chase & Co. decreased their price objective on HubSpot from $775.00 to $675.00 and set an “overweight” rating for the company in a report on Thursday, August 7th. Stifel Nicolaus decreased their price objective on HubSpot from $650.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. Weiss Ratings reiterated a “sell (e+)” rating on shares of HubSpot in a report on Tuesday, October 14th. Barclays decreased their price objective on HubSpot from $745.00 to $675.00 and set an “overweight” rating for the company in a report on Monday, July 21st. Finally, Truist Financial decreased their price objective on HubSpot from $720.00 to $675.00 and set a “buy” rating for the company in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $683.39.

HubSpot Stock Down 1.5%

HubSpot stock opened at $464.76 on Thursday. The business’s 50-day simple moving average is $478.42 and its 200 day simple moving average is $529.75. The stock has a market cap of $24.49 billion, a price-to-earnings ratio of -2,020.70, a P/E/G ratio of 16.31 and a beta of 1.60. HubSpot has a 12-month low of $418.34 and a 12-month high of $881.13.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.07. The firm had revenue of $760.87 million for the quarter, compared to analyst estimates of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.94 earnings per share. As a group, sell-side analysts expect that HubSpot will post 1.01 EPS for the current year.

Insiders Place Their Bets

In other news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the completion of the transaction, the director directly owned 522,435 shares in the company, valued at approximately $235,012,160.40. The trade was a 1.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Dharmesh Shah sold 17,253 shares of HubSpot stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $500.66, for a total value of $8,637,886.98. Following the sale, the chief technology officer directly owned 1,275,805 shares of the company’s stock, valued at approximately $638,744,531.30. The trade was a 1.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 51,098 shares of company stock valued at $24,757,257. 4.00% of the stock is owned by insiders.

Hedge Funds Weigh In On HubSpot

A number of institutional investors have recently modified their holdings of HUBS. Principal Financial Group Inc. raised its holdings in shares of HubSpot by 4.6% during the 1st quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker’s stock worth $16,427,000 after buying an additional 1,276 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in HubSpot by 67,700.0% in the 1st quarter. TD Private Client Wealth LLC now owns 1,356 shares of the software maker’s stock worth $775,000 after purchasing an additional 1,354 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in HubSpot by 42.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 444 shares of the software maker’s stock worth $254,000 after purchasing an additional 133 shares in the last quarter. Greenleaf Trust acquired a new position in HubSpot in the 1st quarter worth about $204,000. Finally, Linden Thomas Advisory Services LLC increased its holdings in HubSpot by 5.5% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 2,703 shares of the software maker’s stock worth $1,544,000 after purchasing an additional 141 shares in the last quarter. Institutional investors and hedge funds 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.