HubSpot (NYSE:HUBS) Shares Gap Down After Analyst Downgrade

HubSpot, Inc. (NYSE:HUBS)’s share price gapped down prior to trading on Friday after KeyCorp lowered their price target on the stock from $520.00 to $460.00. The stock had previously closed at $489.77, but opened at $479.36. KeyCorp currently has an underweight rating on the stock. HubSpot shares last traded at $477.22, with a volume of 131,344 shares changing hands.

A number of other equities research analysts also recently issued reports on HUBS. Mizuho lowered their price target on HubSpot from $700.00 to $650.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Scotiabank boosted their price target on HubSpot from $650.00 to $700.00 and gave the company a “sector outperform” rating in a research report on Friday, April 5th. Piper Sandler lowered their price target on HubSpot from $655.00 to $570.00 and set an “overweight” rating for the company in a research report on Friday. Needham & Company LLC reissued a “buy” rating and set a $730.00 price target on shares of HubSpot in a research report on Thursday, May 9th. Finally, Barclays decreased their target price on HubSpot from $600.00 to $575.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $631.58.

Insider Buying and Selling at HubSpot

In other news, insider Dawson Alyssa Harvey sold 192 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $650.00, for a total transaction of $124,800.00. Following the sale, the insider now directly owns 10,860 shares in the company, valued at approximately $7,059,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Brian Halligan sold 8,500 shares of the 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 sale, the insider now directly owns 526,041 shares in the company, valued at approximately $334,656,763.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dawson Alyssa Harvey sold 192 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $650.00, for a total value of $124,800.00. Following the completion of the transaction, the insider now directly owns 10,860 shares of the company’s stock, valued at $7,059,000. The disclosure for this sale can be found here. Insiders have sold 46,491 shares of company stock worth $28,092,844 over the last quarter. 4.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HUBS. Riverview Trust Co bought a new position in HubSpot during the 1st quarter valued at $27,000. Geneos Wealth Management Inc. boosted its stake in HubSpot by 1,125.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock valued at $31,000 after purchasing an additional 45 shares in the last quarter. Rakuten Securities Inc. bought a new position in HubSpot during the 4th quarter valued at $29,000. Venturi Wealth Management LLC boosted its stake in HubSpot by 335.7% during the 4th quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after purchasing an additional 47 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in HubSpot by 1,380.0% during the 4th quarter. Larson Financial Group LLC now owns 74 shares of the software maker’s stock valued at $43,000 after purchasing an additional 69 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

HubSpot Trading Down 2.5 %

The business has a 50 day simple moving average of $590.05 and a 200-day simple moving average of $602.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $24.34 billion, a P/E ratio of -184.82 and a beta of 1.60.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.27. The business had revenue of $617.41 million during the quarter, compared to analyst estimates of $597.12 million. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. On average, analysts predict that HubSpot, Inc. will post -0.55 EPS for the current year.

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.