HubSpot (NYSE:HUBS) Rating Lowered to “Strong Sell” at Zacks Research

HubSpot (NYSE:HUBS) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

Several other research analysts also recently issued reports on the stock. Canaccord Genuity Group dropped their target price on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Rothschild Redb lowered shares of HubSpot from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Rothschild & Co Redburn reaffirmed a “neutral” rating and issued a $450.00 price objective (down from $610.00) on shares of HubSpot in a research report on Monday, November 10th. Mizuho reduced their target price on HubSpot from $700.00 to $550.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Finally, Barclays decreased their price target on HubSpot from $575.00 to $525.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and a consensus price target of $603.07.

HubSpot Trading Down 2.2%

NYSE HUBS opened at $304.98 on Monday. HubSpot has a 12 month low of $302.00 and a 12 month high of $881.13. The stock’s fifty day moving average price is $375.00 and its 200-day moving average price is $445.99. The stock has a market cap of $15.98 billion, a P/E ratio of -3,812.29, a P/E/G ratio of 7.38 and a beta of 1.46.

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

Insider Buying and Selling at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $366.99, for a total transaction of $3,119,415.00. Following the transaction, the director directly owned 496,308 shares of the company’s stock, valued at $182,140,072.92. This represents a 1.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 17,235 shares of company stock worth $6,364,276. 4.00% of the stock is owned by corporate insiders.

Institutional Trading of HubSpot

A number of hedge funds have recently bought and sold shares of HUBS. QRG Capital Management Inc. lifted its stake in HubSpot by 5.9% during the second quarter. QRG Capital Management Inc. now owns 434 shares of the software maker’s stock worth $242,000 after purchasing an additional 24 shares during the last quarter. Fifth Third Bancorp increased its stake in HubSpot by 2.5% in the third quarter. Fifth Third Bancorp now owns 1,076 shares of the software maker’s stock valued at $503,000 after purchasing an additional 26 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in HubSpot by 4.7% during the second quarter. First Horizon Advisors Inc. now owns 597 shares of the software maker’s stock worth $332,000 after purchasing an additional 27 shares in the last quarter. Insigneo Advisory Services LLC lifted its position in shares of HubSpot by 6.3% during the 2nd quarter. Insigneo Advisory Services LLC now owns 470 shares of the software maker’s stock worth $262,000 after buying an additional 28 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of HubSpot by 5.7% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 522 shares of the software maker’s stock worth $244,000 after buying an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

About HubSpot

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.