Zacks Investment Research cut shares of HubSpot (NYSE:HUBS) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

According to Zacks, “Hubspot reported better-than-expected third-quarter 2017 results backed by a growing customer base. The company’s cloud-based inbound marketing and sales applications are gaining widespread adoption. Management is positive about the performance of Hubspot One and Hubspot CRM tools. Hubspot’s recent acquisition of Motion AI is expected to enrich its chatbot offerings further. We note that the stock has outperformed the industry on a year-to-date basis. However, we believe that the $50 per month marketing starter product and sales starter product will conttinue to hurt average subscription revenue (ASR) per customer, at least in the near term.”

Several other equities research analysts also recently issued reports on HUBS. Cowen reaffirmed a market perform rating and issued a $69.00 price target (up from $63.00) on shares of HubSpot in a research report on Friday, August 4th. KeyCorp reaffirmed a buy rating and issued a $86.00 price target on shares of HubSpot in a research report on Wednesday, September 27th. Oppenheimer raised their price target on HubSpot from $91.00 to $93.00 and gave the company an outperform rating in a research report on Thursday, November 2nd. Evercore ISI started coverage on HubSpot in a research report on Monday, September 18th. They issued an outperform rating and a $90.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $80.00 price target on shares of HubSpot in a research report on Tuesday, September 19th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $84.82.

HubSpot (NYSE HUBS) opened at $81.20 on Tuesday. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.41. HubSpot has a 1 year low of $44.90 and a 1 year high of $88.50.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, November 1st. The software maker reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.15. The firm had revenue of $97.73 million for the quarter, compared to the consensus estimate of $96.50 million. HubSpot had a negative net margin of 12.16% and a negative return on equity of 21.93%. The business’s quarterly revenue was up 38.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.05) earnings per share. equities analysts expect that HubSpot will post -0.99 earnings per share for the current year.

In related news, insider Dharmesh Shah sold 20,000 shares of HubSpot stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the sale, the insider now directly owns 1,716,316 shares of the company’s stock, valued at $126,320,857.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO John Kinzer sold 15,000 shares of HubSpot stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $83.39, for a total value of $1,250,850.00. Following the sale, the chief financial officer now directly owns 87,786 shares in the company, valued at $7,320,474.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,000 shares of company stock worth $5,792,730. 12.10% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. ETF Managers Group LLC bought a new position in HubSpot during the second quarter worth about $110,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in HubSpot by 136.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,720 shares of the software maker’s stock worth $113,000 after purchasing an additional 994 shares during the period. Sei Investments Co. lifted its stake in HubSpot by 41.3% during the second quarter. Sei Investments Co. now owns 2,157 shares of the software maker’s stock worth $142,000 after purchasing an additional 631 shares during the period. ETRADE Capital Management LLC bought a new position in HubSpot during the third quarter worth about $203,000. Finally, 361 Capital LLC bought a new position in HubSpot during the third quarter worth about $222,000. 93.23% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “HubSpot (HUBS) Rating Lowered to Hold at Zacks Investment Research” was reported by Daily Political and is the property of of Daily Political. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://www.dailypolitical.com/2017/12/02/hubspot-hubs-rating-lowered-to-hold-at-zacks-investment-research.html.

HubSpot Company Profile

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.

Get a free copy of the Zacks research report on HubSpot (HUBS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for HubSpot (NYSE:HUBS)

Receive News & Ratings for HubSpot Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HubSpot Inc. and related companies with MarketBeat.com's FREE daily email newsletter.