Oppenheimer Lowers HubSpot (NYSE:HUBS) Price Target to $550.00

HubSpot (NYSE:HUBS) had its price target dropped by research analysts at Oppenheimer from $750.00 to $550.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the software maker’s stock. Oppenheimer’s price objective would suggest a potential upside of 18.34% from the stock’s current price.

A number of other research firms also recently weighed in on HUBS. Needham & Company LLC reissued a “buy” rating and set a $900.00 price target on shares of HubSpot in a research report on Thursday, September 4th. Stifel Nicolaus decreased their price target on shares of HubSpot from $650.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. Raymond James Financial decreased their price target on shares of HubSpot from $825.00 to $655.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th. Piper Sandler started coverage on shares of HubSpot in a research report on Thursday, September 4th. They set an “overweight” rating and a $675.00 price target for the company. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $775.00 price objective on shares of HubSpot in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $683.39.

HubSpot Stock Down 1.5%

Shares of NYSE:HUBS opened at $464.76 on Thursday. HubSpot has a 52-week low of $418.34 and a 52-week high of $881.13. The company has a market capitalization 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 company has a 50 day moving average of $478.42 and a two-hundred day moving average of $529.75.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.07. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The business had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. During the same quarter last year, the company earned $1.94 earnings per share. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, equities analysts anticipate that HubSpot will post 1.01 earnings per share for the current year.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 2,387 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $500.00, for a total transaction of $1,193,500.00. Following the transaction, the chief executive officer directly owned 56,277 shares in the company, valued at $28,138,500. This trade represents a 4.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 615 shares of the firm’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $500.00, for a total value of $307,500.00. Following the completion of the sale, the chief financial officer owned 38,794 shares in the company, valued at $19,397,000. The trade was a 1.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 51,098 shares of company stock valued at $24,757,257. Company insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Hedge funds have recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in HubSpot by 19.2% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,533 shares of the software maker’s stock valued at $5,306,000 after buying an additional 1,533 shares during the last quarter. Moody Lynn & Lieberson LLC lifted its stake in HubSpot by 2,038.1% in the second quarter. Moody Lynn & Lieberson LLC now owns 20,953 shares of the software maker’s stock valued at $11,663,000 after buying an additional 19,973 shares during the last quarter. Acadian Asset Management LLC lifted its stake in HubSpot by 15.0% in the first quarter. Acadian Asset Management LLC now owns 5,059 shares of the software maker’s stock valued at $2,888,000 after buying an additional 660 shares during the last quarter. Nordea Investment Management AB lifted its stake in HubSpot by 74.4% in the second quarter. Nordea Investment Management AB now owns 16,043 shares of the software maker’s stock valued at $8,921,000 after buying an additional 6,846 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in HubSpot by 4.6% in the first quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker’s stock valued at $16,427,000 after buying an additional 1,276 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

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.