HubSpot, Inc. (NYSE:HUBS) Downgraded to “Hold” at Zacks Investment Research

HubSpot, Inc. (NYSE:HUBS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, August 8th.

According to Zacks, “HubSpot’s cloud-based inbound marketing and sales applications are gaining widespread adoption as evident from the growing customer base, which expanded to more than 34K at the end of second quarter 2017. We note that the stock has outperformed the broader market on a year-to-date basis. The momentum is expected to continue as HubSpot will benefit from the One HubSpot initiative, cross-selling opportunities, growing marketing agency network and expanding international footprint. However, we believe that the $50 per month marketing starter product will hurt average subscription revenue (ASR) per customer, at least in the near term. Moreover, mounting losses remains a concern for investors.”

HUBS has been the topic of a number of other research reports. Oppenheimer Holdings, Inc. set a $78.00 price target on HubSpot and gave the company a “buy” rating in a report on Wednesday, May 3rd. Summit Redstone reaffirmed a “hold” rating on shares of HubSpot in a report on Thursday, August 3rd. Stephens reaffirmed an “overweight” rating and set a $76.00 price target (up previously from $70.00) on shares of HubSpot in a report on Thursday, May 4th. Morgan Stanley lifted their price target on HubSpot from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, July 20th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $75.00 price target (up previously from $64.00) on shares of HubSpot in a report on Thursday, May 4th. Four research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. HubSpot currently has a consensus rating of “Buy” and an average price target of $72.19.

HubSpot (NYSE:HUBS) traded up 0.22% during trading on Tuesday, reaching $68.20. The company’s stock had a trading volume of 187,270 shares. The stock’s market capitalization is $2.53 billion. HubSpot has a 52 week low of $44.90 and a 52 week high of $78.50. The firm has a 50 day moving average of $70.14 and a 200 day moving average of $65.61.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.08. The company had revenue of $89.10 million for the quarter, compared to analysts’ expectations of $85.80 million. HubSpot had a negative return on equity of 27.99% and a negative net margin of 13.17%. The business’s revenue for the quarter was up 37.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.07) earnings per share. Analysts expect that HubSpot will post $0.05 EPS for the current year.

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In related news, CEO Brian Halligan sold 25,000 shares of HubSpot stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $64.75, for a total value of $1,618,750.00. Following the completion of the sale, the chief executive officer now owns 806,787 shares of the company’s stock, valued at approximately $52,239,458.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Hunter Madeley sold 1,000 shares of HubSpot stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $73.95, for a total transaction of $73,950.00. Following the completion of the sale, the insider now directly owns 89,874 shares of the company’s stock, valued at approximately $6,646,182.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,899 shares of company stock worth $4,248,830. Corporate insiders own 18.50% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Solaris Asset Management LLC raised its stake in HubSpot by 5.9% in the first quarter. Solaris Asset Management LLC now owns 4,035 shares of the software maker’s stock valued at $244,000 after buying an additional 226 shares during the last quarter. Stifel Financial Corp raised its stake in HubSpot by 4.7% in the second quarter. Stifel Financial Corp now owns 6,320 shares of the software maker’s stock valued at $418,000 after buying an additional 285 shares during the last quarter. Strs Ohio raised its stake in HubSpot by 1.7% in the second quarter. Strs Ohio now owns 18,200 shares of the software maker’s stock valued at $1,196,000 after buying an additional 300 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in HubSpot by 18.5% in the second quarter. Ameritas Investment Partners Inc. now owns 2,955 shares of the software maker’s stock valued at $194,000 after buying an additional 462 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in HubSpot by 14.5% in the second quarter. Prudential Financial Inc. now owns 4,900 shares of the software maker’s stock valued at $322,000 after buying an additional 620 shares during the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.

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.

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