Jefferies Financial Group Lowers HubSpot (NYSE:HUBS) Price Target to $190.00

HubSpot (NYSE:HUBS) had its price objective dropped by stock analysts at Jefferies Financial Group from $230.00 to $190.00 in a report released on Wednesday, The Fly reports. The brokerage presently has a “buy” rating on the software maker’s stock. Jefferies Financial Group’s price target indicates a potential upside of 34.44% from the company’s current price.

Other research analysts have also issued research reports about the company. Compass Point assumed coverage on HubSpot in a research report on Tuesday, August 13th. They set a “buy” rating and a $222.00 price target for the company. KeyCorp reaffirmed a “hold” rating on shares of HubSpot in a research report on Wednesday, September 4th. UBS Group assumed coverage on HubSpot in a research report on Tuesday, August 13th. They set a “buy” rating for the company. Bank of America set a $215.00 price target on HubSpot and gave the company a “buy” rating in a research report on Thursday, September 5th. Finally, Cowen set a $170.00 price target on HubSpot and gave the company a “hold” rating in a research report on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $192.58.

HUBS opened at $141.33 on Wednesday. The business has a 50 day simple moving average of $155.85 and a two-hundred day simple moving average of $174.34. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of -138.56 and a beta of 1.62. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.97 and a quick ratio of 3.97. HubSpot has a one year low of $108.39 and a one year high of $207.98.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Tuesday, November 5th. The software maker reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.08. The business had revenue of $173.62 million during the quarter, compared to analyst estimates of $168.82 million. HubSpot had a negative return on equity of 6.15% and a negative net margin of 8.68%. HubSpot’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.17 EPS. As a group, sell-side analysts expect that HubSpot will post -0.74 EPS for the current fiscal year.

In related news, CFO Kathryn Bueker sold 544 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $149.50, for a total value of $81,328.00. Following the sale, the chief financial officer now owns 37,003 shares in the company, valued at approximately $5,531,948.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $119,548,589.18. The disclosure for this sale can be found here. Insiders sold a total of 51,044 shares of company stock valued at $8,512,063 in the last three months. Corporate insiders own 8.30% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Duncker Streett & Co. Inc. purchased a new stake in shares of HubSpot in the 2nd quarter worth approximately $34,000. Capital Investment Advisory Services LLC purchased a new stake in shares of HubSpot in the 2nd quarter worth approximately $36,000. Quest Capital Management Inc. ADV purchased a new stake in shares of HubSpot in the 3rd quarter worth approximately $32,000. Pearl River Capital LLC purchased a new stake in shares of HubSpot in the 2nd quarter worth approximately $48,000. Finally, FTB Advisors Inc. grew its stake in shares of HubSpot by 58.8% in the 2nd quarter. FTB Advisors Inc. now owns 351 shares of the software maker’s stock worth $59,000 after buying an additional 130 shares during the last quarter. Institutional investors own 92.53% of the company’s stock.

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: Cost of Capital

The Fly

Analyst Recommendations for HubSpot (NYSE:HUBS)

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