Zacks Investment Research Lowers HubSpot Inc. (HUBS) to Hold
HubSpot Inc. (NYSE:HUBS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “HubSpot, Inc. is an inbound marketing software platform that helps companies to attract visitors to their Websites, convert visitors into leads, and close leads into customers. Its software platform consists of integrated applications, such as social media, search engine optimization, blogging, and Website content management, marketing automation, email, and analytics and reporting. The Company provides marketing tools at grader.com and hosts a marketing community at inboundmarketing.com. HubSpot, Inc. is headquartered in Cambridge, Massachusetts. “
Several other analysts have also commented on HUBS. Morgan Stanley reissued a “buy” rating on shares of HubSpot in a report on Sunday, July 17th. Needham & Company LLC assumed coverage on HubSpot in a report on Monday, June 13th. They issued a “buy” rating and a $60.00 price objective on the stock. KeyCorp raised their price objective on HubSpot from $60.00 to $67.00 and gave the company an “overweight” rating in a report on Tuesday, September 13th. RBC Capital Markets reissued an “outperform” rating and issued a $70.00 price objective (up from $62.00) on shares of HubSpot in a report on Sunday, October 2nd. Finally, Stifel Nicolaus raised their price objective on HubSpot from $61.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $63.41.
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HubSpot (NYSE:HUBS) traded down 0.78% during mid-day trading on Wednesday, reaching $57.55. The company had a trading volume of 196,435 shares. HubSpot has a 52 week low of $27.00 and a 52 week high of $60.11. The stock’s market capitalization is $2.03 billion. The stock has a 50 day moving average of $56.33 and a 200 day moving average of $49.88.
HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.08. HubSpot had a negative return on equity of 36.88% and a negative net margin of 20.03%. The company had revenue of $65 million for the quarter, compared to analyst estimates of $61.67 million. During the same period last year, the company earned ($0.17) earnings per share. HubSpot’s quarterly revenue was up 51.4% compared to the same quarter last year. Analysts anticipate that HubSpot will post ($0.53) earnings per share for the current year.
In other HubSpot news, insider Hunter Madeley sold 800 shares of HubSpot stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $57.45, for a total value of $45,960.00. Following the sale, the insider now owns 110,296 shares in the company, valued at $6,336,505.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Halligan sold 20,000 shares of the business’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $57.16, for a total value of $1,143,200.00. Following the completion of the sale, the chief executive officer now owns 784,154 shares in the company, valued at approximately $44,822,242.64. The disclosure for this sale can be found here. 18.50% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its stake in HubSpot by 100.3% in the third quarter. BNP Paribas Arbitrage SA now owns 2,638 shares of the company’s stock valued at $152,000 after buying an additional 1,321 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in HubSpot by 34.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 59,031 shares of the company’s stock valued at $2,564,000 after buying an additional 15,220 shares in the last quarter. Legal & General Group Plc increased its stake in HubSpot by 33.3% in the second quarter. Legal & General Group Plc now owns 6,031 shares of the company’s stock valued at $262,000 after buying an additional 1,508 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in HubSpot by 57.6% in the second quarter. Metropolitan Life Insurance Co. NY now owns 20,863 shares of the company’s stock valued at $906,000 after buying an additional 7,621 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in HubSpot during the second quarter valued at about $4,850,000. Hedge funds and other institutional investors own 88.33% of the company’s stock.
HubSpot Company Profile
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications, which include social media, search engine optimization (SEO), blogging, Website content management, marketing automation, e-mail, customer relationship management (CRM), analytics and reporting.
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