UBS Group cut shares of HubSpot (NYSE:HUBS) from an outperform rating to a market perform rating in a research note issued to investors on Thursday, January 24th, The Fly reports.
A number of other brokerages have also commented on HUBS. Bank of America reaffirmed a buy rating and set a $185.00 price objective (up previously from $180.00) on shares of HubSpot in a research report on Wednesday, January 23rd. Rosenblatt Securities initiated coverage on shares of HubSpot in a research note on Thursday, October 4th. They set a buy rating and a $170.00 price objective on the stock. Jefferies Financial Group initiated coverage on shares of HubSpot in a research note on Tuesday, October 2nd. They set a buy rating and a $182.00 price target on the stock. Zacks Investment Research cut shares of HubSpot from a buy rating to a hold rating in a research note on Thursday, January 17th. Finally, Royal Bank of Canada raised their price objective on shares of HubSpot from $138.00 to $147.00 and gave the company a sector perform rating in a research note on Thursday, November 8th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $170.29.
NYSE:HUBS traded down $0.08 during midday trading on Thursday, hitting $166.09. 838,913 shares of the stock were exchanged, compared to its average volume of 716,332. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.01 and a quick ratio of 3.15. HubSpot has a one year low of $101.45 and a one year high of $180.00. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of -162.83 and a beta of 1.92.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, beating the consensus estimate of ($0.17) by $0.54. The business had revenue of $144.02 million for the quarter, compared to analysts’ expectations of $137.48 million. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. HubSpot’s revenue was up 35.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 EPS. On average, sell-side analysts expect that HubSpot will post -0.99 EPS for the current year.
In related news, CEO Brian Halligan sold 15,277 shares of the firm’s stock in a transaction that occurred on Thursday, December 20th. The shares were sold at an average price of $123.18, for a total value of $1,881,820.86. Following the sale, the chief executive officer now directly owns 680,046 shares of the company’s stock, valued at $83,768,066.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald S. Gill sold 4,133 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $166.92, for a total transaction of $689,880.36. Following the completion of the sale, the director now directly owns 18,207 shares in the company, valued at $3,039,112.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,763 shares of company stock valued at $6,156,940. 9.60% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of HubSpot by 3.1% in the third quarter. Vanguard Group Inc. now owns 3,171,764 shares of the software maker’s stock valued at $478,778,000 after buying an additional 95,762 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of HubSpot by 3.1% in the third quarter. Vanguard Group Inc now owns 3,171,764 shares of the software maker’s stock valued at $478,778,000 after buying an additional 95,762 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of HubSpot by 164.5% in the third quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock valued at $286,814,000 after buying an additional 1,181,611 shares in the last quarter. Jennison Associates LLC raised its stake in HubSpot by 2.2% during the 4th quarter. Jennison Associates LLC now owns 963,745 shares of the software maker’s stock valued at $121,172,000 after purchasing an additional 20,323 shares during the period. Finally, Scge Management L.P. raised its stake in HubSpot by 10.4% during the 3rd quarter. Scge Management L.P. now owns 878,650 shares of the software maker’s stock valued at $132,632,000 after purchasing an additional 83,000 shares during the period. 93.19% of the stock is currently owned by hedge funds and other institutional investors.
HubSpot Company Profile
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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