Mizuho Lowers HubSpot (NYSE:HUBS) Price Target to $700.00

HubSpot (NYSE:HUBS) had its target price decreased by investment analysts at Mizuho from $900.00 to $700.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the software maker’s stock. Mizuho’s price target indicates a potential upside of 32.64% from the stock’s previous close.

A number of other equities research analysts have also issued reports on HUBS. UBS Group raised HubSpot from a “neutral” rating to a “buy” rating and reduced their price target for the company from $775.00 to $675.00 in a research report on Tuesday. Macquarie initiated coverage on shares of HubSpot in a report on Monday, March 24th. They issued an “outperform” rating and a $730.00 target price on the stock. Canaccord Genuity Group boosted their price target on shares of HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. StockNews.com downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Stephens started coverage on shares of HubSpot in a research report on Wednesday, March 19th. They set an “overweight” rating and a $769.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $834.15.

HubSpot Stock Performance

Shares of HUBS opened at $527.75 on Tuesday. The company’s 50-day simple moving average is $647.25 and its 200-day simple moving average is $660.55. HubSpot has a 1 year low of $434.84 and a 1 year high of $881.13. The stock has a market capitalization of $27.52 billion, a PE ratio of 5,864.54, a P/E/G ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 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%. On average, sell-side analysts predict that HubSpot will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the sale, the insider now directly owns 527,233 shares of the company’s stock, valued at $320,283,502.84. This trade represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the transaction, the chief executive officer now owns 72,373 shares in the company, valued at approximately $41,536,312.16. This trade represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,382 shares of company stock valued at $13,415,657. 4.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in HubSpot during the 3rd quarter worth approximately $25,000. Oddo BHF Asset Management Sas purchased a new stake in shares of HubSpot in the third quarter valued at approximately $740,000. GAMMA Investing LLC grew its holdings in HubSpot by 16.9% during the fourth quarter. GAMMA Investing LLC now owns 221 shares of the software maker’s stock worth $154,000 after acquiring an additional 32 shares during the period. Everence Capital Management Inc. purchased a new position in HubSpot in the fourth quarter worth $1,010,000. Finally, Nordea Investment Management AB lifted its holdings in HubSpot by 7.7% in the fourth quarter. Nordea Investment Management AB now owns 4,268 shares of the software maker’s stock valued at $2,987,000 after acquiring an additional 306 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.