HubSpot Inc. (HUBS) Downgraded by Zacks Investment Research
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. “
HUBS has been the subject of a number of other reports. Royal Bank Of Canada initiated coverage on shares of HubSpot in a report on Friday, June 10th. They set an outperform rating and a $62.00 price target for the company. KeyCorp raised their price target on shares of HubSpot from $60.00 to $67.00 and gave the company an overweight rating in a report on Tuesday, September 13th. Vetr lowered shares of HubSpot from a strong-buy rating to a buy rating and set a $61.00 price target for the company. in a report on Monday, August 8th. Stephens initiated coverage on shares of HubSpot in a report on Tuesday, August 30th. They set an overweight rating and a $65.00 price target for the company. Finally, William Blair initiated coverage on shares of HubSpot in a report on Thursday, June 9th. They set an outperform rating for the company. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. HubSpot currently has a consensus rating of Buy and an average price target of $63.41.
Shares of HubSpot (NYSE:HUBS) opened at 57.55 on Wednesday. HubSpot has a one year low of $27.00 and a one year 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 earnings results on Wednesday, August 3rd. The company reported ($0.07) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.08. HubSpot had a negative net margin of 20.03% and a negative return on equity of 36.88%. The business had revenue of $65 million for the quarter, compared to the consensus estimate of $61.67 million. During the same quarter last year, the firm posted ($0.17) EPS. The business’s revenue for the quarter was up 51.4% compared to the same quarter last year. Equities analysts predict that HubSpot will post ($0.53) earnings per share for the current fiscal year.
In related news, insider Hunter Madeley sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $57.45, for a total transaction of $45,960.00. Following the transaction, the insider now directly owns 110,296 shares of the company’s stock, valued at $6,336,505.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Halligan sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $57.16, for a total transaction of $1,143,200.00. Following the transaction, the chief executive officer now directly owns 784,154 shares in the company, valued at $44,822,242.64. The disclosure for this sale can be found here. Corporate insiders own 18.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of HubSpot by 150.5% in the second quarter. BlackRock Inc. now owns 2,981 shares of the company’s stock worth $129,000 after buying an additional 1,791 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of HubSpot by 67.7% in the second quarter. Teacher Retirement System of Texas now owns 3,146 shares of the company’s stock worth $137,000 after buying an additional 1,270 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of HubSpot by 100.3% in the third quarter. BNP Paribas Arbitrage SA now owns 2,638 shares of the company’s stock worth $152,000 after buying an additional 1,321 shares during the last quarter. Glenmede Trust Co. NA bought a new position in shares of HubSpot during the second quarter worth approximately $188,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of HubSpot during the second quarter worth approximately $200,000. 88.33% of the stock is currently owned by hedge funds and other institutional investors.
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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