HubSpot (HUBS) Cut to Equal at Morgan Stanley

HubSpot (NYSE:HUBS) was downgraded by investment analysts at Morgan Stanley from an “overweight” rating to an “equal” rating in a research note issued on Tuesday.

Other equities analysts have also issued reports about the stock. UBS Group upped their price objective on shares of HubSpot from $84.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a report on Tuesday, January 2nd. Canaccord Genuity increased their target price on shares of HubSpot from $8,398.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Needham & Company LLC increased their target price on shares of HubSpot to $95.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Finally, Oppenheimer set a $91.00 target price on shares of HubSpot and gave the stock a “buy” rating in a report on Wednesday, October 25th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. HubSpot presently has an average rating of “Buy” and an average price target of $86.31.

Shares of HubSpot (NYSE:HUBS) traded down $4.30 during mid-day trading on Tuesday, hitting $95.75. 116,263 shares of the stock traded hands, compared to its average volume of 292,519. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.55 and a current ratio of 3.55. HubSpot has a 52-week low of $49.40 and a 52-week high of $102.30. The firm has a market cap of $3,740.00, a price-to-earnings ratio of -82.67 and a beta of 2.30.

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

In other HubSpot news, CEO Brian Halligan sold 25,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $88.30, for a total value of $2,207,500.00. Following the sale, the chief executive officer now directly owns 796,119 shares of the company’s stock, valued at approximately $70,297,307.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Julia Herendeen sold 1,000 shares of the stock in a transaction that occurred on Saturday, December 29th. The shares were sold at an average price of $89.15, for a total transaction of $89,150.00. Following the completion of the sale, the director now directly owns 5,540 shares in the company, valued at $493,891. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,000 shares of company stock worth $5,843,480. 12.10% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in HUBS. ETF Managers Group LLC purchased a new position in shares of HubSpot in the 2nd quarter valued at $110,000. ETRADE Capital Management LLC purchased a new position in shares of HubSpot in the 3rd quarter valued at $203,000. 361 Capital LLC purchased a new position in shares of HubSpot in the 3rd quarter valued at $222,000. Trexquant Investment LP purchased a new position in shares of HubSpot in the 3rd quarter valued at $222,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of HubSpot in the 3rd quarter valued at $228,000. 92.48% of the stock is currently owned by institutional investors.

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About HubSpot

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.

Analyst Recommendations for HubSpot (NYSE:HUBS)

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