HubSpot (NYSE: HUBS) Price target lowered to $415.00 at Cowen
HubSpot (NYSE: HUBS – Get a review) saw its price target lowered by investment analysts Cowen from $670.00 to $415.00 in a report on Friday, Stock Target Advisor reports. The brokerage currently has an “outperform” rating on the software maker’s stock. Cowen’s price target suggests a potential upside of 34.37% from the stock’s previous close.
Several other stock analysts have also recently published reports on HUBS. Mizuho cut its price target on HubSpot from $625.00 to $450.00 and set a “buy” rating for the company in a Friday, May 6 report. Jefferies Financial Group cut its price target on HubSpot from $500.00 to $450.00 and set a “buy” rating for the company in a Monday, May 23 report. BMO Capital Markets cut its price target on HubSpot from $485.00 to $405.00 and set an “outperform” rating for the company in a Friday, May 6 report. Needham & Company LLC reduced its price target on HubSpot from $700.00 to $500.00 in a Friday, May 6 report. Finally, Scotiabank launched coverage on HubSpot in a research note on Thursday, June 9. They set an “outperform” rating and a price target of $550.00 for the company. Three research analysts gave the stock a hold rating, twenty-one gave the stock a buy rating and one gave the stock a high buy rating. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $577.72.
HubSpot Stock Performance
HUBS was down $10.01 on Friday, hitting $308.86. 2,821 shares were traded, against an average volume of 723,404. The company has a market capitalization of $14.75 billion, a PE ratio of -226.06 and a beta of 1.69. The company’s 50-day moving average price is $319.14 and its 200-day moving average price is $410.23. The company has a debt ratio of 0.54, a current ratio of 2.25 and a quick ratio of 2.25. HubSpot has a fifty-two week low of $257.21 and a fifty-two week high of $866.00.
HubSpot (NYSE:HUBS – Get Rating) last released its quarterly earnings data on Thursday, May 5. The software maker reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.17. The company posted revenue of $395.60 million in the quarter, compared to $383.05 million expected by analysts. HubSpot had a negative return on equity of 7.33% and a negative net margin of 4.52%. The company’s revenue for the quarter increased 40.6% year over year. In the same quarter of the previous year, the company posted EPS ($0.29). As a group, sell-side analysts expect HubSpot to post -1.96 EPS for the current fiscal year.
Insiders place their bets
Separately, CTO Dharmesh Shah bought 10,000 shares in a trade that took place on Tuesday, May 17. The shares were purchased at an average price of $340.08 per share, with a total value of $3,400,800.00. Following the completion of the acquisition, the CTO now directly owns 1,511,447 shares of the company, valued at approximately $514,012,895.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Separately, insider Brian Halligan sold 8,500 shares of the company in a trade dated Tuesday, June 21. The shares were sold at an average price of $300.18, for a total value of $2,551,530.00. Following the completion of the sale, the insider now owns 684,851 shares of the company, valued at $205,578,573.18. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Additionally, CTO Dharmesh Shah acquired 10,000 shares of HubSpot in a trade that took place on Tuesday, May 17. The shares were purchased at an average price of $340.08 per share, with a total value of $3,400,800.00. As a result of the transaction, the chief technology officer now owns 1,511,447 shares of the company, valued at $514,012,895.76. Disclosure of this purchase can be found here. In the past 90 days, insiders have sold 23,500 shares of the company valued at $7,201,680. 5.60% of the shares are currently held by insiders.
Institutional investors weigh in on HubSpot
Hedge funds have recently increased or reduced their stakes in the company. PYA Waltman Capital LLC acquired a new stake in HubSpot in the fourth quarter worth approximately $26,000. Glassman Wealth Services increased its position in HubSpot shares by 141.2% in Q4. Glassman Wealth Services now owns 41 shares of the software maker valued at $27,000 after acquiring 24 additional shares during the period. Confluence Wealth Services Inc. acquired a new equity stake in HubSpot during Q4 worth approximately $30,000. Arlington Partners LLC increased its position in HubSpot shares by 63.9% during the 1st quarter. Arlington Partners LLC now owns 59 shares of the software maker valued at $28,000 after acquiring 23 additional shares during the period. Finally, AdvisorNet Financial Inc increased its position in HubSpot shares by 114.3% during the 1st quarter. AdvisorNet Financial Inc now owns 60 shares of the software maker valued at $28,000 after acquiring 32 additional shares during the period. Institutional investors and hedge funds hold 91.82% of the company’s shares.
HubSpot company profile
(Get a rating)
HubSpot, Inc provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and Asia-Pacific. The company’s CRM platform includes marketing, sales, service and content management systems, as well as integrated applications, such as search engine optimization, blogging, content management website, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing tools and support, NPS customer surveys, analytics and reports.
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