Zacks Investment Research lowered shares of HubSpot (NYSE:HUBS) from a buy rating to a hold rating in a research note released on Thursday.
According to Zacks, “HubSpot provides inbound marketing and sales application over the cloud. The company is benefitting 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. Adoption of Google cloud bodes well. The company has positive record of earnings surprises in recent quarters. Notably, shares of the company outperformed the industry in the past year. However, adverse foreign exchange rate volatility impact and mounting operating losses are headwinds. Notably, estimates have remained stable lately ahead of company’s Q4 earnings release.”
Several other research analysts also recently commented on the stock. Deutsche Bank assumed coverage on shares of HubSpot in a research report on Friday, January 25th. They set a hold rating and a $150.00 price objective for the company. CIBC restated a market perform rating on shares of HubSpot in a research report on Thursday, January 24th. Oppenheimer restated a market perform rating on shares of HubSpot in a research report on Thursday, January 24th. UBS Group downgraded shares of HubSpot from an outperform rating to a market perform rating in a report on Thursday, January 24th. Finally, Bank of America reiterated a buy rating and set a $185.00 price target (up from $180.00) on shares of HubSpot in a report on Wednesday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. HubSpot presently has an average rating of Buy and an average price target of $153.35.
Shares of HUBS stock traded up $5.05 during trading on Thursday, hitting $165.44. The company had a trading volume of 496,412 shares, compared to its average volume of 600,244. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.37. The stock has a market cap of $6.46 billion, a P/E ratio of -162.20 and a beta of 1.92. HubSpot has a one year low of $85.65 and a one year high of $166.07.
HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, November 7th. The software maker reported ($0.32) earnings per share (EPS) for the quarter, missing the 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 last year, the firm posted $0.03 earnings per share. The company’s quarterly revenue was up 34.9% on a year-over-year basis. Analysts forecast that HubSpot will post -0.97 EPS for the current year.
In other 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 transaction, the chief executive officer now owns 680,046 shares of the company’s stock, valued at approximately $83,768,066.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Hunter Madeley sold 1,005 shares of the stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $160.54, for a total transaction of $161,342.70. The disclosure for this sale can be found here. Insiders have sold 73,770 shares of company stock worth $9,404,275 in the last ninety days. Insiders own 9.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. CWM LLC bought a new position in HubSpot in the 4th quarter valued at about $40,000. First Hawaiian Bank bought a new position in HubSpot in the 4th quarter valued at about $43,000. DekaBank Deutsche Girozentrale lifted its position in HubSpot by 85.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock valued at $119,000 after acquiring an additional 385 shares in the last quarter. Penserra Capital Management LLC bought a new position in HubSpot in the 3rd quarter valued at about $160,000. Finally, Harvest Fund Management Co. Ltd bought a new position in HubSpot in the 3rd quarter valued at about $182,000. 93.77% of the stock is currently owned by institutional investors.
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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