HubSpot (HUBS) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of HubSpot (NYSE:HUBS) from a buy rating to a hold rating in a research 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 analysts have also commented on HUBS. Jefferies Financial Group initiated coverage on HubSpot in a research note on Tuesday, October 2nd. They issued a buy rating and a $182.00 target price for the company. UBS Group began coverage on HubSpot in a research report on Thursday, October 4th. They issued a buy rating on the stock. Rosenblatt Securities began coverage on HubSpot in a research report on Thursday, October 4th. They issued a buy rating and a $170.00 price target on the stock. Bank of America upped their price target on HubSpot to $160.00 and gave the company a buy rating in a research report on Wednesday, October 17th. Finally, Morgan Stanley lowered their price target on HubSpot from $148.00 to $141.00 and set an equal weight rating on the stock in a research report on Tuesday, October 23rd. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. HubSpot presently has a consensus rating of Buy and a consensus target price of $147.13.

Shares of NYSE HUBS remained flat at $$140.00 during trading hours on Thursday. The company had a trading volume of 548,121 shares, compared to its average volume of 508,703. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of -137.25 and a beta of 1.80. HubSpot has a twelve month low of $85.65 and a twelve month high of $162.20.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, November 7th. The software maker reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.37). The firm had revenue of $131.83 million during the quarter, compared to analyst estimates of $126.65 million. HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. The business’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 earnings per share. On average, equities analysts anticipate that HubSpot will post -0.98 EPS for the current year.

In other news, General Counsel John P. Kelleher sold 508 shares of the stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $140.95, for a total transaction of $71,602.60. Following the sale, the general counsel now owns 37,460 shares in the company, valued at $5,279,987. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Hunter Madeley sold 1,000 shares of the stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $137.61, for a total value of $137,610.00. Following the sale, the insider now owns 36,797 shares in the company, valued at approximately $5,063,635.17. The disclosure for this sale can be found here. Insiders have sold 72,685 shares of company stock worth $9,225,276 in the last 90 days. Company insiders own 9.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. First Hawaiian Bank bought a new stake in shares of HubSpot during the fourth quarter worth $43,000. DekaBank Deutsche Girozentrale boosted its holdings in HubSpot by 85.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock valued at $119,000 after acquiring an additional 385 shares during the last quarter. American International Group Inc. boosted its holdings in HubSpot by 1.8% in the third quarter. American International Group Inc. now owns 24,054 shares of the software maker’s stock valued at $3,631,000 after acquiring an additional 434 shares during the last quarter. MetLife Investment Advisors LLC boosted its holdings in HubSpot by 4.6% in the second quarter. MetLife Investment Advisors LLC now owns 16,478 shares of the software maker’s stock valued at $2,066,000 after acquiring an additional 719 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in HubSpot by 4.0% in the second quarter. Raymond James & Associates now owns 20,444 shares of the software maker’s stock valued at $2,564,000 after acquiring an additional 782 shares during the last quarter. Institutional investors own 93.62% of the company’s stock.

About HubSpot

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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