HubSpot (NYSE:HUBS) PT Lowered to $170.00

HubSpot (NYSE:HUBS) had its target price decreased by equities researchers at Canaccord Genuity from $210.00 to $170.00 in a research report issued to clients and investors on Wednesday, The Fly reports. Canaccord Genuity’s target price would suggest a potential upside of 20.29% from the stock’s previous close.

HUBS has been the topic of several other research reports. KeyCorp reaffirmed a “hold” rating on shares of HubSpot in a report on Wednesday, September 4th. Royal Bank of Canada raised shares of HubSpot from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $187.00 to $230.00 in a report on Thursday, September 5th. They noted that the move was a valuation call. ValuEngine raised shares of HubSpot from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Cowen set a $170.00 price objective on shares of HubSpot and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, Morgan Stanley boosted their price objective on shares of HubSpot from $175.00 to $186.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. HubSpot has a consensus rating of “Buy” and an average price target of $192.58.

Shares of NYSE:HUBS opened at $141.33 on Wednesday. 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 firm’s 50-day simple moving average is $155.85 and its 200-day simple moving average is $174.34. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.91. HubSpot has a fifty-two week low of $108.39 and a fifty-two week high of $207.98.

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

In other HubSpot news, CEO Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 743,404 shares of the company’s stock, valued at $142,726,133.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO J Donald Sherman sold 25,000 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.63, for a total transaction of $4,015,750.00. Following the completion of the sale, the chief operating officer now directly owns 111,540 shares in the company, valued at approximately $17,916,670.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,044 shares of company stock worth $8,512,063. 8.30% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quest Capital Management Inc. ADV purchased a new stake in shares of HubSpot in the third quarter valued at about $32,000. Duncker Streett & Co. Inc. purchased a new stake in shares of HubSpot in the second quarter valued at about $34,000. Capital Investment Advisory Services LLC purchased a new stake in shares of HubSpot in the second quarter valued at about $36,000. Pearl River Capital LLC purchased a new stake in shares of HubSpot in the second quarter valued at about $48,000. Finally, FTB Advisors Inc. lifted its holdings in shares of HubSpot by 58.8% in the second quarter. FTB Advisors Inc. now owns 351 shares of the software maker’s stock valued at $59,000 after purchasing an additional 130 shares in the last quarter. 92.53% of the stock is currently owned by institutional investors.

HubSpot Company Profile

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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