HubSpot (HUBS) Lowered to Hold at Zacks Investment Research


HubSpot (NYSE:HUBS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors 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.”

A number of other research firms have also weighed in on HUBS. Oppenheimer raised their target price on HubSpot from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, November 8th. UBS Group started coverage on HubSpot in a report on Thursday, October 4th. They issued a “buy” rating on the stock. Morgan Stanley dropped their target price on HubSpot from $148.00 to $141.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 23rd. Rosenblatt Securities started coverage on HubSpot in a report on Thursday, October 4th. They issued a “buy” rating and a $170.00 target price on the stock. Finally, Raymond James raised their target price on HubSpot from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, November 8th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $147.13.

HubSpot stock traded up $0.95 during mid-day trading on Thursday, reaching $139.36. The stock had a trading volume of 3,267 shares, compared to its average volume of 513,700. HubSpot has a fifty-two week low of $85.65 and a fifty-two week high of $162.20. The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.15 and a current ratio of 3.15. The stock has a market capitalization of $4.97 billion, a PE ratio of -136.63 and a beta of 1.80.

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 the Zacks’ consensus estimate 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 company had revenue of $131.83 million during the quarter, compared to the consensus estimate of $126.65 million. During the same quarter in the prior year, the business earned $0.03 EPS. The firm’s revenue for the quarter was up 34.9% compared to the same quarter last year. Research analysts forecast that HubSpot will post -0.98 EPS for the current year.

In related news, CEO Brian Halligan sold 15,277 shares of HubSpot stock in a transaction on Thursday, December 20th. The stock was 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 directly owns 680,046 shares in the company, valued at $83,768,066.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel John P. Kelleher sold 508 shares of HubSpot stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $140.95, for a total value of $71,602.60. Following the sale, the general counsel now owns 37,460 shares in the company, valued at $5,279,987. The disclosure for this sale can be found here. Insiders have sold 68,545 shares of company stock worth $8,654,536 over the last quarter. 9.60% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc lifted its holdings in HubSpot by 3.1% during the third quarter. Vanguard Group Inc now owns 3,171,764 shares of the software maker’s stock worth $478,778,000 after acquiring an additional 95,762 shares during the period. Federated Investors Inc. PA lifted its holdings in HubSpot by 307.1% during the third quarter. Federated Investors Inc. PA now owns 115,128 shares of the software maker’s stock worth $17,379,000 after acquiring an additional 86,846 shares during the period. Marshall Wace North America L.P. bought a new stake in HubSpot during the third quarter worth $214,000. Clearbridge Investments LLC lifted its holdings in HubSpot by 1.3% during the third quarter. Clearbridge Investments LLC now owns 465,640 shares of the software maker’s stock worth $70,288,000 after acquiring an additional 6,097 shares during the period. Finally, Vanguard Group Inc. increased its position in HubSpot by 3.1% in the third quarter. Vanguard Group Inc. now owns 3,171,764 shares of the software maker’s stock worth $478,778,000 after buying an additional 95,762 shares during the last quarter. Institutional investors and hedge funds own 93.62% 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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