Zacks Investment Research downgraded shares of HubSpot (NYSE:HUBS) from a buy rating to a hold rating in a research report report published on Thursday morning.
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.”
Other equities analysts have also recently issued research reports about the company. UBS Group began coverage on HubSpot in a report on Thursday, October 4th. They set a buy rating for the company. Morgan Stanley lowered their price target on HubSpot from $148.00 to $141.00 and set an equal weight rating for the company in a report on Tuesday, October 23rd. Royal Bank of Canada boosted their price target on HubSpot from $138.00 to $147.00 and gave the stock a sector perform rating in a report on Thursday, November 8th. Bank of America boosted their price target on HubSpot to $160.00 and gave the stock a buy rating in a report on Wednesday, October 17th. Finally, Jefferies Financial Group began coverage on HubSpot in a report on Tuesday, October 2nd. They set a buy rating and a $182.00 price target for the company. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. HubSpot presently has an average rating of Buy and a consensus price target of $147.13.
HubSpot (NYSE:HUBS) last posted its quarterly 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). HubSpot had a negative return on equity of 19.13% and a negative net margin of 13.43%. The business had revenue of $131.83 million for the quarter, compared to analyst estimates of $126.65 million. During the same period last year, the firm posted $0.03 EPS. HubSpot’s quarterly revenue was up 34.9% on a year-over-year basis. On average, research analysts expect that HubSpot will post -0.98 earnings per share for the current year.
In other HubSpot news, General Counsel John P. Kelleher sold 972 shares of the company’s stock in a transaction dated Thursday, January 3rd. The stock was sold at an average price of $122.60, for a total value of $119,167.20. Following the completion of the transaction, the general counsel now owns 39,659 shares of the company’s stock, valued at approximately $4,862,193.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ronald S. Gill sold 4,140 shares of the company’s stock in a transaction dated Thursday, January 10th. The stock was sold at an average price of $137.86, for a total value of $570,740.40. Following the completion of the transaction, the director now directly owns 18,214 shares of the company’s stock, valued at approximately $2,510,982.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,685 shares of company stock valued at $9,225,276. Insiders own 9.60% of the company’s stock.
Several hedge funds have recently modified their holdings of HUBS. First Hawaiian Bank acquired a new stake in shares of HubSpot in the fourth quarter valued at about $43,000. Flinton Capital Management LLC acquired a new stake in shares of HubSpot in the second quarter valued at about $108,000. DekaBank Deutsche Girozentrale increased its stake in shares of 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 buying an additional 385 shares during the period. Penserra Capital Management LLC acquired a new stake in shares of HubSpot in the third quarter valued at about $160,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of HubSpot in the second quarter valued at about $161,000. 93.62% of the stock is 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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