HubSpot (NYSE:HUBS) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of HubSpot (NYSE:HUBS) from a buy rating to a hold rating in a report published on Saturday morning.

Other analysts also recently issued reports about the company. Rothschild & Co Redburn restated a “neutral” rating and issued a $450.00 price objective (down from $610.00) on shares of HubSpot in a report on Monday, November 10th. Barclays lowered their target price on HubSpot from $575.00 to $525.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Truist Financial reduced their price objective on shares of HubSpot from $675.00 to $650.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Citigroup reissued a “buy” rating on shares of HubSpot in a report on Monday, January 12th. Finally, UBS Group reissued an “outperform” rating and set a $525.00 price objective on shares of HubSpot in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $603.07.

HubSpot Price Performance

Shares of HUBS stock opened at $312.32 on Friday. The company has a market capitalization of $16.36 billion, a P/E ratio of -3,904.00, a P/E/G ratio of 7.32 and a beta of 1.46. The company’s 50-day simple moving average is $378.25 and its two-hundred day simple moving average is $450.21. HubSpot has a one year low of $309.00 and a one year high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.08. The firm had revenue of $809.52 million during the quarter, compared to analyst estimates of $786.80 million. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.HubSpot’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.18 earnings per share. On average, research analysts expect that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $366.99, for a total transaction of $3,119,415.00. Following the sale, the director directly owned 496,308 shares of the company’s stock, valued at approximately $182,140,072.92. This trade represents a 1.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 25,500 shares of company stock valued at $10,058,565 over the last 90 days. 4.00% of the stock is currently owned by corporate insiders.

Institutional Trading of HubSpot

A number of hedge funds have recently modified their holdings of the stock. Jennison Associates LLC lifted its holdings in HubSpot by 548.6% in the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock valued at $442,341,000 after acquiring an additional 672,158 shares during the period. Norges Bank acquired a new stake in shares of HubSpot during the 2nd quarter worth approximately $269,941,000. Vanguard Group Inc. increased its holdings in shares of HubSpot by 6.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock valued at $2,683,659,000 after purchasing an additional 345,524 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of HubSpot by 89.2% in the 3rd quarter. AQR Capital Management LLC now owns 546,436 shares of the software maker’s stock valued at $255,623,000 after purchasing an additional 257,577 shares during the period. Finally, Atreides Management LP acquired a new position in shares of HubSpot in the 3rd quarter valued at $113,878,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.