HubSpot (NYSE:HUBS) Price Target Cut to $190.00 by Analysts at Jefferies Financial Group

HubSpot (NYSE:HUBS) had its price target cut by Jefferies Financial Group from $230.00 to $190.00 in a research report sent to investors on Wednesday, The Fly reports. They currently have a buy rating on the software maker’s stock.

A number of other research analysts also recently weighed in on the company. Bank of America set a $215.00 price target on HubSpot and gave the company a buy rating in a report on Thursday, September 5th. Raymond James lifted their price target on HubSpot from $200.00 to $210.00 and gave the company an outperform rating in a report on Thursday, September 5th. Cowen set a $170.00 price target on HubSpot and gave the company a hold rating in a report on Wednesday, August 7th. KeyCorp reiterated a hold rating on shares of HubSpot in a report on Wednesday, September 4th. Finally, UBS Group began coverage on HubSpot in a report on Tuesday, August 13th. They set a buy rating on the stock. Ten analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $192.58.

Shares of HUBS stock traded down $1.36 on Wednesday, reaching $141.33. 601,938 shares of the company’s stock traded hands, compared to its average volume of 585,708. HubSpot has a 12-month low of $108.39 and a 12-month high of $207.98. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.97 and a current ratio of 3.97. The company has a market capitalization of $6.44 billion, a P/E ratio of -138.56 and a beta of 1.62. The business’s 50 day moving average price is $155.85 and its two-hundred day moving average price is $174.34.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

In other HubSpot news, CEO Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $162.94, for a total value of $1,384,990.00. Following the completion of the sale, the chief executive officer now owns 733,697 shares of the company’s stock, valued at $119,548,589.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO J Donald Sherman sold 25,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $160.63, for a total value of $4,015,750.00. Following the completion of the sale, the chief operating officer now directly owns 111,540 shares of the company’s stock, valued at approximately $17,916,670.20. The disclosure for this sale can be found here. Insiders sold 51,044 shares of company stock valued at $8,512,063 in the last ninety days. Insiders own 8.30% of the company’s stock.

Several large investors have recently made changes to their positions in HUBS. Quest Capital Management Inc. ADV acquired a new stake in shares of HubSpot in the third quarter worth about $32,000. Duncker Streett & Co. Inc. acquired a new stake in shares of HubSpot in the second quarter worth about $34,000. Capital Investment Advisory Services LLC acquired a new position in shares of HubSpot during the 2nd quarter worth about $36,000. Pearl River Capital LLC acquired a new position in shares of HubSpot during the 2nd quarter worth about $48,000. Finally, FTB Advisors Inc. lifted its position in shares of HubSpot by 58.8% during the 2nd quarter. FTB Advisors Inc. now owns 351 shares of the software maker’s stock worth $59,000 after purchasing an additional 130 shares during the last quarter. 92.53% of the stock is owned by institutional investors.

About HubSpot

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.

Featured Story: Futures Contract

The Fly

Analyst Recommendations for HubSpot (NYSE:HUBS)

Leave a Reply

Your email address will not be published. Required fields are marked *

*