Wall Street Zen Downgrades HubSpot (NYSE:HUBS) to Hold

HubSpot (NYSE:HUBS) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other analysts also recently issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of HubSpot in a report on Tuesday, October 14th. JPMorgan Chase & Co. decreased their price target on shares of HubSpot from $775.00 to $675.00 and set an “overweight” rating for the company in a research note on Thursday, August 7th. BMO Capital Markets dropped their price objective on HubSpot from $600.00 to $550.00 and set an “outperform” rating on the stock in a research note on Friday. Stifel Nicolaus reduced their price objective on HubSpot from $650.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. Finally, UBS Group reissued an “outperform” rating on shares of HubSpot in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $717.75.

HubSpot Stock Down 1.3%

Shares of NYSE:HUBS opened at $469.72 on Friday. The business’s 50 day moving average is $475.71 and its 200 day moving average is $533.16. HubSpot has a 12-month low of $418.34 and a 12-month high of $881.13. The stock has a market cap of $24.75 billion, a price-to-earnings ratio of -2,042.26, a PEG ratio of 16.11 and a beta of 1.58.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.07. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The business had revenue of $760.87 million for the quarter, compared to analysts’ expectations of $739.94 million. During the same period in the previous year, the company earned $1.94 earnings per share. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. As a group, equities research analysts expect that HubSpot will post 1.01 earnings per share for the current year.

Insider Buying and Selling

In other news, CTO Dharmesh Shah sold 4,747 shares of the company’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $501.60, for a total value of $2,381,095.20. Following the transaction, the chief technology officer owned 1,271,058 shares of the company’s stock, valued at approximately $637,562,692.80. This represents a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 2,387 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $500.00, for a total value of $1,193,500.00. Following the completion of the sale, the chief executive officer owned 56,277 shares in the company, valued at $28,138,500. This trade represents a 4.07% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,863 shares of company stock worth $24,641,332. Company insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in HubSpot by 41.2% during the first quarter. GAMMA Investing LLC now owns 312 shares of the software maker’s stock worth $178,000 after purchasing an additional 91 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of HubSpot during the 1st quarter valued at about $235,000. Golden State Wealth Management LLC raised its holdings in shares of HubSpot by 1,840.0% during the 1st quarter. Golden State Wealth Management LLC now owns 97 shares of the software maker’s stock valued at $55,000 after buying an additional 92 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in HubSpot by 11.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 936 shares of the software maker’s stock worth $535,000 after buying an additional 96 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its stake in HubSpot by 11.9% in the first quarter. Illinois Municipal Retirement Fund now owns 11,615 shares of the software maker’s stock worth $6,636,000 after buying an additional 1,235 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

About HubSpot

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.