Zacks Investment Research lowered shares of HubSpot (NYSE:HUBS) from a buy rating to a hold rating in a research note published on Thursday.
According to Zacks, “HubSpot provides inbound marketing and sales application over the cloud. The company also raised its fiscal 2018 guidance. We believe portfolio expansion and collaborations bode well. The company is benefitting from an expanding international footprint. Robust performance of Hubspot One and Hubspot CRM tools is a positive. HubSpot’s product portfolio is gaining from integration with Shopify & Facebook, which leverage AI. Adoption of Google cloud remains a positive. Moreover, integration of its various in house offerings is likely to improve subscription levels going ahead, consequently bolstering the top line. Notably, shares of the company outperformed the industry over the past one year. However, adverse foreign exchange rate volatility impact and mounting operating losses are headwinds.”
A number of other brokerages have also issued reports on HUBS. Rosenblatt Securities assumed coverage on HubSpot in a research report on Thursday, October 4th. They issued a buy rating and a $170.00 target price on the stock. UBS Group assumed coverage on HubSpot in a research report on Thursday, October 4th. They issued a buy rating on the stock. Jefferies Financial Group assumed coverage on HubSpot in a research report on Tuesday, October 2nd. They issued a buy rating and a $182.00 target price on the stock. Royal Bank of Canada lifted their target price on HubSpot from $138.00 to $147.00 and gave the company a sector perform rating in a research report on Thursday, November 8th. Finally, Oppenheimer lifted their target price on HubSpot from $150.00 to $160.00 and gave the company an outperform rating in a research report on Thursday, November 8th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $147.13.
HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 7th. The software maker reported ($0.32) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.37). HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. The business had revenue of $131.83 million for the quarter, compared to the consensus estimate of $126.65 million. During the same quarter last year, the firm earned $0.03 EPS. The company’s revenue for the quarter was up 34.9% on a year-over-year basis. As a group, equities analysts expect that HubSpot will post -0.98 EPS for the current fiscal year.
In related news, General Counsel John P. Kelleher sold 508 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $140.95, for a total transaction of $71,602.60. Following the transaction, the general counsel now directly owns 37,460 shares of the company’s stock, valued at approximately $5,279,987. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald S. Gill sold 4,140 shares of the business’s stock in a transaction that occurred on Thursday, January 10th. The stock was sold at an average price of $137.86, for a total value of $570,740.40. Following the transaction, the director now directly owns 18,214 shares in the company, valued at $2,510,982.04. The disclosure for this sale can be found here. Insiders have sold a total of 72,685 shares of company stock worth $9,225,276 in the last ninety days. Insiders own 9.60% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. First Hawaiian Bank acquired a new position in shares of HubSpot during the 4th quarter worth approximately $43,000. Flinton Capital Management LLC acquired a new position in shares of HubSpot during the 2nd quarter worth approximately $108,000. DekaBank Deutsche Girozentrale increased its holdings in shares of HubSpot by 85.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock worth $119,000 after acquiring an additional 385 shares during the last quarter. Penserra Capital Management LLC acquired a new position in shares of HubSpot during the 3rd quarter worth approximately $160,000. Finally, Flagship Harbor Advisors LLC bought a new stake in HubSpot in the 2nd quarter valued at $161,000. 93.62% of the stock is currently owned by institutional investors and hedge funds.
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.
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