Stifel Nicolaus Has Lowered Expectations for HubSpot (NYSE:HUBS) Stock Price

HubSpot (NYSE:HUBS) had its price target decreased by equities research analysts at Stifel Nicolaus from $600.00 to $550.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ target price points to a potential upside of 18.34% from the company’s current price.

HUBS has been the topic of a number of other research reports. Wall Street Zen cut shares of HubSpot from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. KeyCorp decreased their target price on shares of HubSpot from $860.00 to $775.00 and set an “overweight” rating for the company in a research report on Thursday, August 7th. Sanford C. Bernstein raised HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 price target on the stock in a report on Wednesday, September 3rd. Barclays reduced their price objective on HubSpot from $745.00 to $675.00 and set an “overweight” rating for the company in a research report on Monday, July 21st. Finally, Raymond James Financial decreased their price objective on HubSpot from $825.00 to $655.00 and set an “outperform” rating for the company in a report on Thursday, August 7th. One equities research 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 given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $681.61.

HubSpot Trading Down 1.5%

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

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

Insider Transactions at HubSpot

In other news, CTO Dharmesh Shah sold 4,747 shares of the business’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $501.60, for a total value of $2,381,095.20. Following the sale, the chief technology officer owned 1,271,058 shares of the company’s stock, valued at approximately $637,562,692.80. The trade was a 0.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Halligan sold 235 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $493.30, for a total value of $115,925.50. Following the completion of the sale, the director owned 513,466 shares of the company’s stock, valued at approximately $253,292,777.80. This trade represents a 0.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 51,098 shares of company stock worth $24,757,257 in the last three months. 4.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HubSpot

Institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its stake in shares of HubSpot by 17.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker’s stock worth $2,805,070,000 after purchasing an additional 714,980 shares during the last quarter. Jennison Associates LLC boosted its holdings in HubSpot by 548.6% during the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock worth $442,341,000 after buying an additional 672,158 shares in the last quarter. Norges Bank acquired a new position in HubSpot in the second quarter worth approximately $269,941,000. Massachusetts Financial Services Co. MA increased its holdings in shares of HubSpot by 37.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock valued at $530,115,000 after buying an additional 251,853 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of HubSpot by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker’s stock valued at $2,997,407,000 after acquiring an additional 201,994 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

About HubSpot

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.