HubSpot (NYSE:HUBS – Get Free Report) had its price objective lowered by equities researchers at Morgan Stanley from $604.00 to $568.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the software maker’s stock. Morgan Stanley’s target price would suggest a potential upside of 32.38% from the stock’s current price.
HUBS has been the topic of a number of other research reports. Wells Fargo & Company raised their price target on shares of HubSpot from $575.00 to $600.00 and gave the stock an “overweight” rating in a report on Thursday, September 7th. Citigroup began coverage on shares of HubSpot in a report on Tuesday, September 5th. They issued a “buy” rating and a $695.00 price target on the stock. Mizuho raised their price target on shares of HubSpot from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Thursday, September 7th. UBS Group raised their price target on shares of HubSpot from $550.00 to $600.00 in a report on Thursday, September 7th. Finally, Raymond James lowered shares of HubSpot from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from $600.00 to $520.00 in a research note on Wednesday, October 11th. Three investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, HubSpot has an average rating of “Moderate Buy” and a consensus target price of $539.44.
View Our Latest Research Report on HUBS
HubSpot Stock Performance
HubSpot (NYSE:HUBS – Get Free Report) last issued its earnings results on Wednesday, August 2nd. The software maker reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.90) by ($0.27). The business had revenue of $529.14 million during the quarter, compared to analysts’ expectations of $504.45 million. HubSpot had a negative return on equity of 11.28% and a negative net margin of 10.51%. On average, equities research analysts expect that HubSpot will post -1.42 earnings per share for the current fiscal year.
Insider Transactions at HubSpot
In other news, insider Dawson Alyssa Harvey sold 766 shares of HubSpot stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $569.43, for a total transaction of $436,183.38. Following the transaction, the insider now owns 10,062 shares in the company, valued at approximately $5,729,604.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Dawson Alyssa Harvey sold 766 shares of HubSpot stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $569.43, for a total transaction of $436,183.38. Following the transaction, the insider now owns 10,062 shares in the company, valued at approximately $5,729,604.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kathryn Bueker sold 179 shares of the firm’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $500.00, for a total transaction of $89,500.00. Following the sale, the chief financial officer now owns 35,038 shares in the company, valued at $17,519,000. The disclosure for this sale can be found here. Insiders have sold 47,967 shares of company stock worth $23,913,211 in the last 90 days. 4.90% of the stock is currently owned by insiders.
Institutional Investors Weigh In On HubSpot
Several institutional investors and hedge funds have recently modified their holdings of HUBS. HM Payson & Co. bought a new stake in shares of HubSpot during the second quarter valued at approximately $27,000. Altshuler Shaham Ltd bought a new stake in HubSpot in the second quarter worth $29,000. Valley National Advisers Inc. increased its position in HubSpot by 1,100.0% in the first quarter. Valley National Advisers Inc. now owns 72 shares of the software maker’s stock worth $30,000 after purchasing an additional 66 shares during the last quarter. Parkside Financial Bank & Trust increased its position in HubSpot by 630.0% in the first quarter. Parkside Financial Bank & Trust now owns 73 shares of the software maker’s stock worth $31,000 after purchasing an additional 63 shares during the last quarter. Finally, Smithfield Trust Co increased its position in HubSpot by 60.5% in the second quarter. Smithfield Trust Co now owns 61 shares of the software maker’s stock worth $33,000 after purchasing an additional 23 shares during the last quarter. Institutional investors own 87.06% of the company’s stock.
HubSpot Company Profile
HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.
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