HubSpot (NYSE:HUBS) Stock Rating Lowered by TD Cowen

HubSpot (NYSE:HUBS) was downgraded by stock analysts at TD Cowen from a “buy” rating to a “hold” rating in a report released on Friday, Marketbeat Ratings reports. They presently have a $725.00 target price on the software maker’s stock, up from their previous target price of $680.00. TD Cowen’s target price indicates a potential upside of 2.97% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Bank of America boosted their price target on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a report on Monday, December 16th. Morgan Stanley increased their price target on HubSpot from $747.00 to $835.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. BMO Capital Markets lifted their price objective on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Canaccord Genuity Group increased their target price on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, UBS Group raised shares of HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and an average price target of $721.26.

HubSpot Stock Performance

HUBS opened at $704.08 on Friday. The company has a fifty day moving average price of $713.49 and a two-hundred day moving average price of $586.06. The firm has a market capitalization of $36.34 billion, a PE ratio of -2,607.59, a P/E/G ratio of 41.24 and a beta of 1.70. HubSpot has a 52 week low of $434.84 and a 52 week high of $762.47.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The business had revenue of $669.72 million for the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. HubSpot’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period last year, the company posted ($0.04) EPS. Equities analysts forecast that HubSpot will post 0.42 EPS for the current year.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total transaction of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathryn Bueker sold 4,381 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the completion of the sale, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at $28,881,300. This represents a 9.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,066 shares of company stock valued at $54,900,427. Insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

A number of institutional investors have recently modified their holdings of the stock. HM Payson & Co. lifted its position in HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after buying an additional 19 shares in the last quarter. Pallas Capital Advisors LLC lifted its holdings in shares of HubSpot by 1.9% during the 4th quarter. Pallas Capital Advisors LLC now owns 1,146 shares of the software maker’s stock worth $798,000 after acquiring an additional 21 shares during the period. Ballentine Partners LLC boosted its position in shares of HubSpot by 4.6% during the 4th quarter. Ballentine Partners LLC now owns 564 shares of the software maker’s stock worth $393,000 after acquiring an additional 25 shares in the last quarter. Finally, Motley Fool Asset Management LLC increased its stake in HubSpot by 2.6% in the third quarter. Motley Fool Asset Management LLC now owns 1,028 shares of the software maker’s stock valued at $541,000 after acquiring an additional 26 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

HubSpot Company Profile

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.