UBS Group Cuts HubSpot (NYSE:HUBS) Price Target to $700.00

Key Points

• UBS Group has reduced its price target for HubSpot (NYSE:HUBS) from $820.00 to $700.00, while maintaining a "buy" rating, suggesting a potential upside of 57.03% from the current price.
• HubSpot's stock recently fell $46.85 to close at $445.77, with over 1.99 million shares traded, indicating a significant decline in investor confidence.
• In its latest earnings release, HubSpot reported $2.19 earnings per share, exceeding estimates, and a revenue increase of 19.4% year-over-year, highlighting strong operational performance despite stock price volatility.

HubSpot (NYSE:HUBS - Get Free Report) had its target price reduced by equities researchers at UBS Group from $820.00 to $700.00 in a report issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the software maker's stock. UBS Group's target price would suggest a potential upside of 57.03% from the company's current price.

Several other brokerages have also recently issued reports on HUBS. Cantor Fitzgerald assumed coverage on shares of HubSpot in a report on Tuesday, June 3rd. They set an "overweight" rating and a $775.00 target price for the company. KeyCorp reiterated an "overweight" rating and issued a $775.00 target price (down from $860.00) on shares of HubSpot in a report on Thursday. Citigroup boosted their price target on shares of HubSpot from $750.00 to $759.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Raymond James Financial lowered their price target on shares of HubSpot from $825.00 to $655.00 and set an "outperform" rating for the company in a report on Thursday. Finally, Scotiabank lowered their target price on shares of HubSpot from $900.00 to $750.00 and set a "sector outperform" rating for the company in a report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $741.36.

HubSpot Stock Performance

Shares of HubSpot stock traded down $46.85 on Thursday, hitting $445.77. 1,998,144 shares of the company's stock were exchanged, compared to its average volume of 705,743. The company has a 50-day simple moving average of $552.97 and a 200-day simple moving average of $616.91. The stock has a market capitalization of $23.51 billion, a PE ratio of -988.48, a PEG ratio of 17.90 and a beta of 1.66. HubSpot has a 1 year low of $444.67 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.07. The company had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a negative net margin of 0.85% and a positive return on equity of 0.14%. HubSpot's quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.94 EPS. On average, analysts expect that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Transactions at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $543.07, for a total value of $4,616,095.00. Following the completion of the sale, the director owned 522,435 shares in the company, valued at $283,718,775.45. The trade was a 1.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Yamini Rangan sold 2,383 shares of HubSpot stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total value of $1,314,915.57. Following the completion of the transaction, the chief executive officer directly owned 63,918 shares in the company, valued at $35,269,313.22. This trade represents a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,998 shares of company stock valued at $10,928,616 over the last ninety days. 4.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On HubSpot

A number of hedge funds have recently added to or reduced their stakes in the stock. Elequin Capital LP purchased a new stake in shares of HubSpot during the 4th quarter valued at about $27,000. Whittier Trust Co. grew its position in HubSpot by 136.4% in 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 during the last quarter. Coppell Advisory Solutions LLC lifted its holdings in shares of HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after buying an additional 22 shares during the period. Hilltop National Bank purchased a new stake in shares of HubSpot in the 2nd quarter worth $32,000. Finally, Aster Capital Management DIFC Ltd lifted its stake in shares of HubSpot by 213.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock worth $33,000 after purchasing an additional 32 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other 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.

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