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

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

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets cut their price objective on shares of HubSpot from $550.00 to $465.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. KeyCorp reduced their target price on HubSpot from $775.00 to $650.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Rothschild Redb cut HubSpot from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Citigroup reissued a “buy” rating on shares of HubSpot in a report on Monday, January 12th. Finally, Cantor Fitzgerald lowered their target price on HubSpot from $775.00 to $500.00 and set an “overweight” rating for the company in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $603.07.

HubSpot Stock Down 5.1%

HUBS opened at $312.32 on Friday. The firm has a market capitalization of $16.36 billion, a P/E ratio of -3,904.00, a P/E/G ratio of 7.32 and a beta of 1.46. HubSpot has a 52-week low of $309.00 and a 52-week high of $881.13. The firm’s 50 day moving average is $378.25 and its 200-day moving average is $449.53.

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

Insider Buying and Selling

In related news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 25,500 shares of company stock worth $10,058,565 over the last quarter. Insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Several institutional investors have recently made changes to their positions in the stock. Perigon Wealth Management LLC boosted its stake in HubSpot by 14.1% in the 4th quarter. Perigon Wealth Management LLC now owns 632 shares of the software maker’s stock worth $254,000 after purchasing an additional 78 shares during the period. Aberdeen Group plc raised its stake in shares of HubSpot by 5.4% in the 4th quarter. Aberdeen Group plc now owns 37,304 shares of the software maker’s stock valued at $14,970,000 after buying an additional 1,902 shares in the last quarter. FNY Investment Advisers LLC lifted its holdings in HubSpot by 69.4% during the 4th quarter. FNY Investment Advisers LLC now owns 510 shares of the software maker’s stock valued at $204,000 after purchasing an additional 209 shares during the last quarter. Blue Trust Inc. lifted its position in HubSpot by 7.1% during the 4th quarter. Blue Trust Inc. now owns 971 shares of the software maker’s stock worth $390,000 after buying an additional 64 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its stake in shares of HubSpot by 3.6% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 2,928 shares of the software maker’s stock valued at $1,175,000 after acquiring an additional 101 shares during the period. 90.39% of the stock is owned by 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.