HubSpot (NYSE:HUBS) Reaches New 12-Month Low After Analyst Downgrade

HubSpot, Inc. (NYSE:HUBS)’s share price reached a new 52-week low during trading on Wednesday after Oppenheimer lowered their price target on the stock from $550.00 to $350.00. Oppenheimer currently has an outperform rating on the stock. HubSpot traded as low as $236.36 and last traded at $244.5020, with a volume of 3383563 shares traded. The stock had previously closed at $274.06.

Several other analysts also recently weighed in on HUBS. Rothschild & Co Redburn downgraded HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. BMO Capital Markets dropped their price target on HubSpot from $465.00 to $385.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Mizuho decreased their price objective on shares of HubSpot from $700.00 to $550.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. BTIG Research started coverage on shares of HubSpot in a report on Monday, January 5th. They set a “buy” rating and a $500.00 target price on the stock. Finally, Jefferies Financial Group reduced their price target on shares of HubSpot from $650.00 to $560.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and an average price target of $578.13.

Insider Transactions at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total value of $2,578,730.00. Following the completion of the sale, the director owned 487,344 shares of the company’s stock, valued at $147,850,422.72. This represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Erika Ashley Fisher sold 841 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total transaction of $200,166.41. Following the transaction, the insider directly owned 10,119 shares in the company, valued at approximately $2,408,423.19. The trade was a 7.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,930 shares of company stock valued at $9,175,604 over the last three months. 4.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HubSpot

Several hedge funds have recently modified their holdings of HUBS. Goodman Advisory Group LLC acquired a new position in HubSpot in the 2nd quarter valued at approximately $27,000. Whittier Trust Co. grew its holdings in shares of HubSpot by 136.4% during the 2nd quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock valued at $29,000 after acquiring an additional 30 shares in the last quarter. Rakuten Securities Inc. increased its stake in shares of HubSpot by 783.3% in the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after acquiring an additional 47 shares during the last quarter. Strategic Advocates LLC acquired a new position in shares of HubSpot in the third quarter worth $25,000. Finally, Turning Point Benefit Group Inc. purchased a new stake in shares of HubSpot during the third quarter worth $25,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Stock Up 4.0%

The business has a 50-day moving average of $352.50 and a 200-day moving average of $423.88. The stock has a market cap of $12.17 billion, a price-to-earnings ratio of -2,904.50, a PEG ratio of 5.31 and a beta of 1.44.

HubSpot (NYSE:HUBS) last posted its earnings results on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate of $2.58 by $0.08. The company had revenue of $809.52 million during the quarter, compared to the consensus estimate of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.18 earnings per share. Equities analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

HubSpot Company Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.