HubSpot (NYSE:HUBS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.
According to Zacks, “HubSpot provides inbound marketing and sales application over the cloud. The company also raised its fiscal 2018 guidance. We believe portfolio expansion and collaborations bode well. The company is benefitting from an expanding international footprint. Robust performance of Hubspot One and Hubspot CRM tools is a positive. HubSpot’s product portfolio is gaining from integration with Shopify & Facebook, which leverage AI. Adoption of Google cloud remains a positive. Moreover, integration of its various in house offerings is likely to improve subscription levels going ahead, consequently bolstering the top line. Notably, shares of the company outperformed the industry over the past one year. However, adverse foreign exchange rate volatility impact and mounting operating losses are headwinds. Moreover, estimates have remained stable lately ahead of company’s Q4 earnings release.”
A number of other equities research analysts have also issued reports on HUBS. Bank of America raised their price target on HubSpot to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Rosenblatt Securities assumed coverage on HubSpot in a research report on Thursday, October 4th. They issued a “buy” rating and a $170.00 price target for the company. UBS Group began coverage on HubSpot in a research report on Thursday, October 4th. They issued a “buy” rating for the company. Jefferies Financial Group began coverage on HubSpot in a research note on Tuesday, October 2nd. They set a “buy” rating and a $182.00 target price on the stock. Finally, Morgan Stanley boosted their target price on HubSpot from $141.00 to $146.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 8th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $150.69.
HUBS traded up $2.99 during trading on Thursday, reaching $147.93. The stock had a trading volume of 7,491 shares, compared to its average volume of 478,676. HubSpot has a one year low of $85.65 and a one year high of $162.20. The company has a market cap of $5.73 billion, a price-to-earnings ratio of -144.87 and a beta of 1.80. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.37.
HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, November 7th. The software maker reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.37). HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. The firm had revenue of $131.83 million during the quarter, compared to the consensus estimate of $126.65 million. During the same period in the prior year, the company posted $0.03 EPS. The firm’s revenue was up 34.9% compared to the same quarter last year. On average, analysts predict that HubSpot will post -0.98 EPS for the current year.
In related news, CEO Brian Halligan sold 15,277 shares of the stock in a transaction dated Thursday, December 20th. The shares were sold at an average price of $123.18, for a total transaction of $1,881,820.86. Following the sale, the chief executive officer now owns 680,046 shares in the company, valued at $83,768,066.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel John P. Kelleher sold 508 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $140.95, for a total transaction of $71,602.60. Following the completion of the sale, the general counsel now owns 37,460 shares in the company, valued at approximately $5,279,987. The disclosure for this sale can be found here. Insiders have sold a total of 73,884 shares of company stock valued at $9,389,695 over the last three months. Corporate insiders own 9.60% of the company’s stock.
A number of large investors have recently modified their holdings of HUBS. Vanguard Group Inc. raised its holdings in shares of HubSpot by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 3,171,764 shares of the software maker’s stock valued at $478,778,000 after purchasing an additional 95,762 shares in the last quarter. Vanguard Group Inc boosted its position in shares of HubSpot by 3.1% during the 3rd quarter. Vanguard Group Inc now owns 3,171,764 shares of the software maker’s stock valued at $478,778,000 after acquiring an additional 95,762 shares in the last quarter. Capital Research Global Investors lifted its holdings in HubSpot by 164.5% during the 3rd quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock valued at $286,814,000 after purchasing an additional 1,181,611 shares during the last quarter. Jennison Associates LLC lifted its holdings in HubSpot by 8.1% during the 3rd quarter. Jennison Associates LLC now owns 943,422 shares of the software maker’s stock valued at $142,410,000 after purchasing an additional 70,430 shares during the last quarter. Finally, Scge Management L.P. lifted its holdings in HubSpot by 10.4% during the 3rd quarter. Scge Management L.P. now owns 878,650 shares of the software maker’s stock valued at $132,632,000 after purchasing an additional 83,000 shares during the last quarter. Hedge funds and other institutional investors own 93.63% of the company’s stock.
HubSpot Company Profile
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.
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