HubSpot Inc. (NYSE:HUBS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “HubSpot, Inc. is an inbound marketing software platform that helps companies to attract visitors to their Websites, convert visitors into leads, and close leads into customers. Its software platform consists of integrated applications, such as social media, search engine optimization, blogging, and Website content management, marketing automation, email, and analytics and reporting. The Company provides marketing tools at grader.com and hosts a marketing community at inboundmarketing.com. HubSpot, Inc. is headquartered in Cambridge, Massachusetts. “
HUBS has been the subject of a number of other reports. Royal Bank Of Canada assumed coverage on HubSpot in a research report on Friday, June 10th. They issued an “outperform” rating and a $62.00 target price for the company. KeyCorp raised their target price on HubSpot from $60.00 to $67.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 13th. Vetr downgraded HubSpot from a “strong-buy” rating to a “buy” rating and set a $61.00 target price for the company. in a research report on Monday, August 8th. Stephens assumed coverage on HubSpot in a research report on Tuesday, August 30th. They issued an “overweight” rating and a $65.00 target price for the company. Finally, William Blair assumed coverage on HubSpot in a research report on Thursday, June 9th. They issued an “outperform” rating for the company. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $63.41.
Shares of HubSpot (NYSE:HUBS) traded down 0.17% on Wednesday, reaching $57.90. The company’s stock had a trading volume of 25,807 shares. The stock’s market cap is $2.05 billion. HubSpot has a 52-week low of $27.00 and a 52-week high of $60.11. The firm’s 50 day moving average is $56.29 and its 200-day moving average is $49.81.
HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.07) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.08. The business had revenue of $65 million for the quarter, compared to analyst estimates of $61.67 million. HubSpot had a negative return on equity of 36.88% and a negative net margin of 20.03%. HubSpot’s quarterly revenue was up 51.4% compared to the same quarter last year. During the same period last year, the company posted ($0.17) earnings per share. On average, equities research analysts forecast that HubSpot will post ($0.53) EPS for the current year.
In other HubSpot news, insider Hunter Madeley sold 800 shares of HubSpot stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $57.45, for a total transaction of $45,960.00. Following the completion of the sale, the insider now owns 110,296 shares of the company’s stock, valued at $6,336,505.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel John P. Kelleher sold 7,666 shares of HubSpot stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $50.64, for a total value of $388,206.24. Following the sale, the general counsel now directly owns 69,889 shares of the company’s stock, valued at approximately $3,539,178.96. The disclosure for this sale can be found here. Corporate insiders own 18.50% of the company’s stock.
A number of large investors have recently modified their holdings of HUBS. Wellington Management Group LLP raised its stake in shares of HubSpot by 20.6% in the first quarter. Wellington Management Group LLP now owns 2,798,986 shares of the company’s stock valued at $122,092,000 after buying an additional 478,539 shares during the period. Jennison Associates LLC purchased a new stake in shares of HubSpot during the second quarter valued at about $7,868,000. Cupps Capital Management LLC raised its stake in shares of HubSpot by 31.1% in the first quarter. Cupps Capital Management LLC now owns 147,716 shares of the company’s stock valued at $6,443,000 after buying an additional 35,031 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of HubSpot during the second quarter valued at about $200,000. Finally, Brookside Capital Management LLC purchased a new stake in shares of HubSpot during the first quarter valued at about $9,387,000. 88.33% of the stock is owned by hedge funds and other institutional investors.
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications, which include social media, search engine optimization (SEO), blogging, Website content management, marketing automation, e-mail, customer relationship management (CRM), analytics and reporting.
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