HubSpot (NYSE:HUBS) Price Target Lowered to $700.00 at Canaccord Genuity Group

HubSpot (NYSE:HUBS - Free Report) had its target price decreased by Canaccord Genuity Group from $750.00 to $700.00 in a report released on Thursday morning, Benzinga reports. Canaccord Genuity Group currently has a buy rating on the software maker's stock.

A number of other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of HubSpot from $530.00 to $630.00 and gave the stock an overweight rating in a research report on Thursday, February 15th. The Goldman Sachs Group raised their price target on HubSpot from $577.00 to $656.00 and gave the company a buy rating in a report on Thursday, February 15th. Wells Fargo & Company upped their price objective on HubSpot from $700.00 to $725.00 and gave the stock an overweight rating in a report on Thursday, February 15th. Piper Sandler reduced their price target on shares of HubSpot from $675.00 to $655.00 and set an overweight rating on the stock in a research report on Thursday. Finally, KeyCorp began coverage on shares of HubSpot in a research report on Thursday, March 21st. They set an underweight rating and a $520.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $637.27.

HubSpot Price Performance

HUBS stock traded down $2.71 during trading on Thursday, reaching $587.34. The company's stock had a trading volume of 2,079,869 shares, compared to its average volume of 520,083. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.35. The company's fifty day moving average is $627.54 and its 200-day moving average is $568.08. The company has a market capitalization of $29.90 billion, a P/E ratio of -165.45 and a beta of 1.57. HubSpot has a 1 year low of $407.23 and a 1 year high of $693.85.

HubSpot (NYSE:HUBS - Get Free Report) last released its earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.22. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. The firm had revenue of $581.91 million during the quarter, compared to analysts' expectations of $557.48 million. On average, research analysts expect that HubSpot will post -0.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, insider Dawson Alyssa Harvey sold 1,086 shares of HubSpot stock in a transaction on Friday, February 16th. The stock was sold at an average price of $618.25, for a total transaction of $671,419.50. Following the completion of the sale, the insider now directly owns 7,783 shares of the company's stock, valued at approximately $4,811,839.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Dawson Alyssa Harvey sold 1,086 shares of the business's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $618.25, for a total value of $671,419.50. Following the completion of the sale, the insider now owns 7,783 shares in the company, valued at approximately $4,811,839.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the completion of the sale, the insider now directly owns 526,041 shares of the company's stock, valued at approximately $334,656,763.38. The disclosure for this sale can be found here. Insiders have sold 21,393 shares of company stock worth $13,421,401 in the last three months. Corporate insiders own 4.90% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Jennison Associates LLC boosted its holdings in shares of HubSpot by 728.0% in the 3rd quarter. Jennison Associates LLC now owns 792,135 shares of the software maker's stock valued at $390,126,000 after buying an additional 696,469 shares in the last quarter. Wellington Management Group LLP boosted its stake in HubSpot by 50.3% in the fourth quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker's stock valued at $1,088,119,000 after acquiring an additional 626,977 shares in the last quarter. Norges Bank purchased a new position in HubSpot in the fourth quarter worth $311,236,000. Twin Focus Capital Partners LLC increased its position in shares of HubSpot by 92,828.2% during the fourth quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker's stock worth $283,230,000 after purchasing an additional 487,348 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of HubSpot by 87.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 451,341 shares of the software maker's stock valued at $262,022,000 after purchasing an additional 210,138 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

HubSpot Company Profile

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.