HubSpot (HUBS) Rating Lowered to Sell at Zacks Investment Research

HubSpot (NYSE:HUBS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday.

According to Zacks, “HubSpot is a leading provider of inbound marketing and sales application over the cloud. The $50 per month marketing starter product and sales starter product hurt average subscription revenue (ASR) per customer, which is expected to continue in the near term. However, the company reported earnings in the fourth-quarter 2017. Revenues also increased on a year-over-year basis. The company’s revolutionary marketing and sales applications, expanding international footprint and significant scope in cross-selling sales products to its existing market customer base are driving growth. Management is positive about the performance of Hubspot One and Hubspot CRM tools. We note that the stock has outperformed the industry over the past one year.”

A number of other equities research analysts also recently commented on HUBS. UBS Group upped their price objective on HubSpot from $103.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Oppenheimer upped their price objective on HubSpot from $91.00 to $93.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Stifel Nicolaus upped their price objective on HubSpot from $88.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Needham & Company LLC upped their price objective on HubSpot from $95.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Finally, Canaccord Genuity upped their price objective on HubSpot from $98.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $93.76.

Shares of HubSpot (NYSE HUBS) opened at $108.90 on Monday. The firm has a market capitalization of $4,003.50, a price-to-earnings ratio of -100.83 and a beta of 2.24. HubSpot has a 52-week low of $56.50 and a 52-week high of $111.15. The company has a debt-to-equity ratio of 1.42, a quick ratio of 3.38 and a current ratio of 3.38.

In other HubSpot news, insider Dharmesh Shah sold 21,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $102.56, for a total value of $2,153,760.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Julia Herendeen sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $103.45, for a total value of $103,450.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,000 shares of company stock valued at $5,392,060. Insiders own 12.10% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. State Street Corp boosted its position in shares of HubSpot by 17.4% during the second quarter. State Street Corp now owns 622,514 shares of the software maker’s stock worth $40,930,000 after buying an additional 92,448 shares during the period. American International Group Inc. boosted its position in shares of HubSpot by 8.1% during the third quarter. American International Group Inc. now owns 22,572 shares of the software maker’s stock worth $1,897,000 after buying an additional 1,687 shares during the period. Legal & General Group Plc boosted its position in shares of HubSpot by 13.3% during the third quarter. Legal & General Group Plc now owns 13,969 shares of the software maker’s stock worth $1,168,000 after buying an additional 1,641 shares during the period. JPMorgan Chase & Co. boosted its position in shares of HubSpot by 29.0% during the third quarter. JPMorgan Chase & Co. now owns 505,034 shares of the software maker’s stock worth $41,386,000 after buying an additional 113,604 shares during the period. Finally, New York State Common Retirement Fund boosted its position in shares of HubSpot by 25.2% during the third quarter. New York State Common Retirement Fund now owns 117,761 shares of the software maker’s stock worth $9,898,000 after buying an additional 23,668 shares during the period. 96.60% of the stock is 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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