HubSpot (NYSE:HUBS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday, Zacks.com reports.
According to Zacks, “HubSpot provides inbound marketing and sales application over the cloud. The company is benefiting from an expanding international footprint. Robust performance of Hubspot One and Hubspot CRM tools is a positive. We believe portfolio expansion and collaborations bode well. HubSpot’s product portfolio is gaining from integration with Shopify & Facebook, which leverage AI. Moreover, integration of its various in house offerings is likely to improve subscription levels going ahead, consequently bolstering the top line. Notably, HubSpot stock has outperformed the industry in the past year. Estimates have been stable lately ahead of the company’s Q1 earnings release. Moreover, HubSpot has positive record of earnings surprises in recent quarters. However, it is to be noted that adverse foreign exchange rate volatility impact is limiting calculated billings growth. Further, mounting operating losses remains a concern.”
HUBS has been the topic of a number of other reports. Stephens assumed coverage on shares of HubSpot in a report on Thursday, January 17th. They issued an “overweight” rating and a $191.00 target price on the stock. Bank of America restated a “buy” rating and issued a $185.00 target price (up from $180.00) on shares of HubSpot in a report on Wednesday, January 23rd. UBS Group downgraded shares of HubSpot from an “outperform” rating to a “market perform” rating in a report on Thursday, January 24th. Oppenheimer restated a “market perform” rating on shares of HubSpot in a report on Thursday, January 24th. Finally, CIBC restated a “market perform” rating on shares of HubSpot in a report on Thursday, January 24th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. HubSpot has a consensus rating of “Buy” and a consensus price target of $175.69.
NYSE HUBS traded down $4.44 on Wednesday, reaching $161.91. The company had a trading volume of 9,943 shares, compared to its average volume of 451,916. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.01 and a current ratio of 3.01. The company has a market cap of $6.59 billion, a P/E ratio of -158.74 and a beta of 1.90. HubSpot has a 12 month low of $101.45 and a 12 month high of $180.00.
HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.54. The company had revenue of $144.02 million for the quarter, compared to the consensus estimate of $137.48 million. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. HubSpot’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 EPS. As a group, analysts forecast that HubSpot will post -1.09 EPS for the current fiscal year.
In related news, CFO Kathryn Bueker sold 836 shares of HubSpot stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $166.51, for a total transaction of $139,202.36. Following the completion of the transaction, the chief financial officer now directly owns 42,428 shares of the company’s stock, valued at approximately $7,064,686.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Hunter Madeley sold 1,238 shares of HubSpot stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $166.75, for a total transaction of $206,436.50. Following the transaction, the insider now directly owns 38,892 shares of the company’s stock, valued at $6,485,241. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 87,895 shares of company stock valued at $14,671,594. 9.60% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Ffcm LLC purchased a new stake in HubSpot in the 4th quarter valued at about $25,000. Executive Wealth Management LLC purchased a new stake in HubSpot in the 4th quarter valued at about $26,000. Sageworth Trust Co purchased a new stake in HubSpot in the 1st quarter valued at about $38,000. CWM LLC purchased a new stake in HubSpot in the 4th quarter valued at about $40,000. Finally, First Hawaiian Bank purchased a new stake in HubSpot in the 4th quarter valued at about $43,000. 96.78% of the stock is owned by institutional investors.
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.
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