HubSpot (NYSE:HUBS) Price Target Cut to $168.00

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HubSpot (NYSE:HUBS) had its target price trimmed by UBS Group from $186.00 to $168.00 in a research report sent to investors on Wednesday, Stock Target Advisor reports. The brokerage currently has a neutral rating on the software maker’s stock.

Several other equities research analysts also recently weighed in on HUBS. Cowen set a $170.00 price target on HubSpot and gave the stock a hold rating in a research report on Wednesday, August 7th. Needham & Company LLC cut their price target on HubSpot to $182.00 and set a buy rating on the stock in a research report on Wednesday. Raymond James reaffirmed an outperform rating on shares of HubSpot in a research report on Wednesday. KeyCorp reaffirmed a hold rating on shares of HubSpot in a research report on Wednesday, September 4th. Finally, Canaccord Genuity cut their price target on HubSpot from $210.00 to $170.00 in a research report on Wednesday. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $192.58.

NYSE HUBS opened at $141.33 on Wednesday. The stock’s fifty day moving average price is $155.85 and its 200 day moving average price is $174.34. The company has a market cap of $6.44 billion, a price-to-earnings ratio of -138.56 and a beta of 1.62. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.97 and a quick ratio of 3.97. HubSpot has a 1 year low of $108.39 and a 1 year high of $207.98.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Tuesday, November 5th. The software maker reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.08. The company had revenue of $173.62 million for the quarter, compared to the consensus estimate of $168.82 million. HubSpot had a negative return on equity of 6.15% and a negative net margin of 8.68%. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period last year, the firm earned $0.17 EPS. Research analysts expect that HubSpot will post -0.74 earnings per share for the current year.

In other HubSpot news, CEO Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $191.99, for a total value of $1,631,915.00. Following the transaction, the chief executive officer now directly owns 743,404 shares of the company’s stock, valued at approximately $142,726,133.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO J Donald Sherman sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $160.63, for a total transaction of $4,015,750.00. Following the completion of the transaction, the chief operating officer now directly owns 111,540 shares in the company, valued at $17,916,670.20. The disclosure for this sale can be found here. Insiders sold a total of 51,044 shares of company stock worth $8,512,063 over the last ninety days. 8.30% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quest Capital Management Inc. ADV acquired a new stake in shares of HubSpot during the 3rd quarter worth approximately $32,000. Duncker Streett & Co. Inc. acquired a new stake in shares of HubSpot during the 2nd quarter worth approximately $34,000. Capital Investment Advisory Services LLC acquired a new stake in shares of HubSpot during the 2nd quarter worth approximately $36,000. Pearl River Capital LLC acquired a new stake in shares of HubSpot during the 2nd quarter worth approximately $48,000. Finally, FTB Advisors Inc. increased its holdings in shares of HubSpot by 58.8% during the 2nd quarter. FTB Advisors Inc. now owns 351 shares of the software maker’s stock worth $59,000 after buying an additional 130 shares during the last quarter. 92.53% of the stock is currently owned by institutional investors and hedge funds.

About HubSpot

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company's software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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