KeyCorp Lowers HubSpot (NYSE:HUBS) Price Target to $460.00

HubSpot (NYSE:HUBS) had its target price cut by analysts at KeyCorp from $520.00 to $460.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “underweight” rating on the software maker’s stock. KeyCorp’s price target would suggest a potential downside of 3.39% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Company dropped their target price on HubSpot from $750.00 to $650.00 and set an “overweight” rating for the company in a report on Thursday. TD Cowen decreased their target price on shares of HubSpot from $700.00 to $680.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Barclays dropped their price target on shares of HubSpot from $600.00 to $575.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th. Canaccord Genuity Group reduced their price target on HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, Piper Sandler lowered their price objective on HubSpot from $655.00 to $570.00 and set an “overweight” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus target price of $633.69.

HubSpot Stock Performance

Shares of HUBS stock opened at $476.13 on Friday. HubSpot has a 12 month low of $407.23 and a 12 month high of $693.85. The company’s fifty day simple moving average is $587.56 and its 200-day simple moving average is $602.35. The firm has a market cap of $24.26 billion, a PE ratio of -179.67 and a beta of 1.60. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.32.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.27. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. The firm had revenue of $617.41 million for the quarter, compared to analyst estimates of $597.12 million. Equities research analysts expect that HubSpot will post -0.55 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In other news, insider Dawson Alyssa Harvey sold 192 shares of the business’s stock in a transaction dated 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 $7,059,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Dawson Alyssa Harvey sold 192 shares of HubSpot stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $650.00, for a total transaction of $124,800.00. Following the transaction, the insider now owns 10,860 shares in the company, valued at $7,059,000. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of $586.85, for a total value of $14,671,250.00. Following the completion of the sale, the chief technology officer now owns 1,348,929 shares of the company’s stock, valued at $791,618,983.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,491 shares of company stock worth $28,092,844. 4.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HubSpot

A number of hedge funds have recently made changes to their positions in the stock. Riverview Trust Co acquired a new stake in HubSpot during the 1st quarter valued at approximately $27,000. Geneos Wealth Management Inc. increased its position in shares of HubSpot by 1,125.0% during the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after buying an additional 45 shares during the period. Rakuten Securities Inc. bought a new position in HubSpot during the fourth quarter worth $29,000. Venturi Wealth Management LLC lifted its holdings in HubSpot by 335.7% in the fourth quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker’s stock valued at $35,000 after buying an additional 47 shares during the period. Finally, Larson Financial Group LLC boosted its position in shares of 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 currently owned by 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.