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

HubSpot (NYSE:HUBS) had its price target lowered by Jefferies Financial Group from $900.00 to $700.00 in a report published on Tuesday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the software maker’s stock.

Several other brokerages have also commented on HUBS. Stephens began coverage on HubSpot in a report on Wednesday, March 19th. They issued an “overweight” rating and a $769.00 price objective on the stock. Oppenheimer upped their price objective on shares of HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Wells Fargo & Company boosted their target price on shares of HubSpot from $835.00 to $940.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Redburn Atlantic initiated coverage on HubSpot in a research note on Wednesday, February 19th. They set a “buy” rating for the company. Finally, StockNews.com lowered HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $818.04.

HubSpot Stock Down 0.9 %

Shares of HUBS opened at $538.98 on Tuesday. The stock’s 50-day moving average price is $632.79 and its 200-day moving average price is $659.01. The company has a market capitalization of $28.11 billion, a price-to-earnings ratio of 5,989.35, a PEG ratio of 41.44 and a beta of 1.82. HubSpot has a 52 week low of $434.84 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, equities analysts anticipate that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $538.60, for a total value of $4,578,100.00. Following the sale, the insider now directly owns 525,687 shares in the company, valued at approximately $283,135,018.20. This trade represents a 1.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yamini Rangan sold 2,382 shares of the business’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the transaction, the chief executive officer now owns 72,373 shares of the company’s stock, valued at approximately $41,536,312.16. The trade was a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,882 shares of company stock valued at $17,993,757 in the last quarter. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Sowell Financial Services LLC purchased a new stake in HubSpot during the first quarter worth approximately $226,000. Brighton Jones LLC raised its holdings in HubSpot by 19.1% during the first quarter. Brighton Jones LLC now owns 843 shares of the software maker’s stock worth $482,000 after purchasing an additional 135 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of HubSpot by 40.5% during the 1st quarter. Exchange Traded Concepts LLC now owns 5,625 shares of the software maker’s stock worth $3,214,000 after buying an additional 1,622 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of HubSpot by 35.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,293 shares of the software maker’s stock valued at $3,596,000 after buying an additional 1,646 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV purchased a new position in shares of HubSpot in the 1st quarter valued at $2,526,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

About HubSpot

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.