Wall Street Zen Downgrades HubSpot (NYSE:HUBS) to Hold

HubSpot (NYSE:HUBS) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley decreased their price target on HubSpot from $640.00 to $577.00 and set an “overweight” rating for the company in a report on Thursday. Barclays cut their price objective on shares of HubSpot from $575.00 to $525.00 and set an “overweight” rating on the stock in a report on Monday. Rothschild Redb downgraded shares of HubSpot from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Needham & Company LLC dropped their price target on shares of HubSpot from $900.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of HubSpot in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $603.07.

HubSpot Price Performance

NYSE:HUBS opened at $312.32 on Friday. HubSpot has a one year low of $309.00 and a one year high of $881.13. The company has a market cap of $16.36 billion, a PE ratio of -3,904.00, a PEG ratio of 7.73 and a beta of 1.46. The firm has a 50-day moving average of $378.25 and a 200-day moving average of $450.95.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.08. The business had revenue of $809.52 million during the quarter, compared to the consensus estimate of $786.80 million. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The company’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.18 EPS. On average, equities research analysts expect that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $366.99, for a total value of $3,119,415.00. Following the completion of the sale, the director owned 496,308 shares in the company, valued at $182,140,072.92. The trade was a 1.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 25,500 shares of company stock worth $10,058,565. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Strategic Advocates LLC bought a new position in shares of HubSpot during the 3rd quarter valued at $25,000. Turning Point Benefit Group Inc. bought a new position in shares of HubSpot during the third quarter valued at about $25,000. Goodman Advisory Group LLC purchased a new position in shares of HubSpot in the second quarter worth about $27,000. Whittier Trust Co. lifted its stake in shares of HubSpot by 136.4% in the 2nd quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock valued at $29,000 after acquiring an additional 30 shares during the last quarter. Finally, Exane Asset Management bought a new stake in shares of HubSpot in the 3rd quarter valued at about $30,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Company Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.