HubSpot (NYSE:HUBS) Stock Rating Cut to “Underweight” at Cantor Fitzgerald

HubSpot (NYSE:HUBS – Get Free Report) was downgraded by Cantor Fitzgerald from a “neutral” rating to an “underweight” rating in a note issued to investors on Thursday, Briefing.com reports. They presently have a $170.00 price objective on the software maker’s stock. Cantor Fitzgerald‘s price target points to a potential downside of 21.72% from the stock’s previous close.

Several other research analysts have also recently weighed in on HUBS. Needham & Company LLC reiterated a “buy” rating and set a $300.00 price objective on shares of HubSpot in a research report on Tuesday, October 6th. Zacks Research cut shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. TD Cowen decreased their price target on shares of HubSpot from $285.00 to $260.00 and set a “hold” rating on the stock in a research note on Friday, September 18th. FBN Securities assumed coverage on shares of HubSpot in a research note on Wednesday, September 23rd. They issued a “sector perform” rating and a $230.00 price target on the stock. Finally, Stifel Nicolaus raised their price target on shares of HubSpot from $200.00 to $225.00 and gave the stock a “hold” rating in a research report on Friday, September 11th. Nine equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $264.77.

View Our Latest Analysis on HubSpot

HubSpot Trading Down 4.0%

HubSpot stock opened at $217.16 on Thursday. The company has a market capitalization of $10.83 billion, a price-to-earnings ratio of 76.74, a PEG ratio of 2.30 and a beta of 1.14. HubSpot has a 12 month low of $169.63 and a 12 month high of $476.64. The stock’s 50 day moving average is $233.82 and its 200-day moving average is $230.93.

HubSpot (NYSE:HUBS – Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The software maker reported $3.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.54. The business had revenue of $947.57 million during the quarter, compared to the consensus estimate of $925.50 million. HubSpot had a return on equity of 8.66% and a net margin of 4.26%. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.66 EPS. As a group, equities research analysts predict that HubSpot will post 4.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $239.57, for a total transaction of $2,036,345.00. Following the transaction, the director owned 59,500 shares in the company, valued at $14,254,415. This trade represents a 12.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerald Dischler acquired 925 shares of the company’s stock in a transaction on Monday, August 10th. The stock was bought at an average cost of $215.93 per share, with a total value of $199,735.25. Following the completion of the acquisition, the director directly owned 1,940 shares in the company, valued at approximately $418,904.20. This represents a 91.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have sold 25,500 shares of company stock worth $5,990,035. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in HubSpot during the second quarter worth about $631,386,000. Pictet Asset Management Holding SA grew its stake in HubSpot by 2.0% during the third quarter. Pictet Asset Management Holding SA now owns 1,689,478 shares of the software maker’s stock worth $346,208,000 after buying an additional 33,728 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in HubSpot by 352.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 903,559 shares of the software maker’s stock worth $220,559,000 after buying an additional 703,706 shares in the last quarter. Amundi increased its holdings in HubSpot by 33.4% in the 1st quarter. Amundi now owns 586,037 shares of the software maker’s stock valued at $143,052,000 after buying an additional 146,871 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in HubSpot in the 2nd quarter valued at about $112,671,000. Institutional investors own 90.39% of the company’s stock.

More HubSpot News

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About HubSpot

(Get Free Report)

HubSpot, Inc is a cloud-based customer relationship management (CRM) platform provider serving businesses that want to attract, engage and retain customers. Its platform brings together tools for marketing, sales, customer service, content management, operations and commerce, helping organizations manage customer interactions across the customer lifecycle.

The company’s offerings include marketing automation, email marketing, lead generation, website and content management, sales pipeline and engagement tools, customer support and help-desk capabilities, reporting and analytics, and payment and commerce features.

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Analyst Recommendations for HubSpot (NYSE:HUBS)

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