Stifel Nicolaus Has Lowered Expectations for HubSpot (NYSE:HUBS) Stock Price

Key Points

• Stifel Nicolaus has revised its price target for HubSpot (NYSE:HUBS) from $650 to $600, maintaining a "buy" rating, indicating a potential upside of 29.33% from the current price.
• Multiple research firms, including Citigroup and Wall Street Zen, have also reduced their ratings on HubSpot, with a consensus rating of "Moderate Buy" and an average target price of $719.54.
• HubSpot's stock experienced a modest increase of 2.7%, trading at $463.93, with a market cap of $24.44 billion and a significant year-over-year revenue growth of 19.4% reported in its last quarterly results.

HubSpot (NYSE:HUBS - Get Free Report) had its price objective reduced by equities researchers at Stifel Nicolaus from $650.00 to $600.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the software maker's stock. Stifel Nicolaus' price target indicates a potential upside of 29.33% from the stock's current price.

Several other research firms have also weighed in on HUBS. Citigroup lowered their target price on shares of HubSpot from $700.00 to $650.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Wall Street Zen lowered shares of HubSpot from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Macquarie decreased their price objective on shares of HubSpot from $730.00 to $660.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. UBS Group reissued an "outperform" rating on shares of HubSpot in a report on Wednesday, September 3rd. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of HubSpot in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, HubSpot has an average rating of "Moderate Buy" and a consensus target price of $719.54.

HubSpot Stock Up 2.7%

HubSpot stock traded up $12.35 on Tuesday, hitting $463.93. The company's stock had a trading volume of 62,619 shares, compared to its average volume of 763,428. The firm has a market cap of $24.44 billion, a P/E ratio of -2,024.14, a price-to-earnings-growth ratio of 15.07 and a beta of 1.58. The company has a fifty day moving average price of $472.44 and a 200-day moving average price of $534.02. HubSpot has a one year low of $418.34 and a one year high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $760.87 million for the quarter, compared to analyst estimates of $739.94 million. During the same quarter in the previous year, the firm posted $1.94 EPS. The business's revenue for the quarter was up 19.4% on a year-over-year basis. Analysts anticipate that HubSpot will post 1.01 EPS for the current year.

Insider Activity

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $506.52, for a total transaction of $4,305,420.00. Following the sale, the director directly owned 522,185 shares in the company, valued at approximately $264,497,146.20. This trade represents a 1.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Dharmesh Shah sold 4,747 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $501.60, for a total transaction of $2,381,095.20. Following the sale, the chief technology officer owned 1,271,058 shares in the company, valued at $637,562,692.80. This trade represents a 0.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,598 shares of company stock valued at $20,947,042. Insiders own 4.00% of the company's stock.

Institutional Trading of HubSpot

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in HubSpot by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 5,391,241 shares of the software maker's stock worth $3,000,926,000 after buying an additional 144,507 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of HubSpot by 17.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker's stock worth $2,805,070,000 after acquiring an additional 714,980 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of HubSpot by 37.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock worth $530,115,000 after acquiring an additional 251,853 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of HubSpot by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 925,938 shares of the software maker's stock worth $513,886,000 after acquiring an additional 38,096 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in shares of HubSpot by 548.6% during the 2nd quarter. Jennison Associates LLC now owns 794,677 shares of the software maker's stock worth $442,341,000 after acquiring an additional 672,158 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.

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