HubSpot (NYSE:HUBS) Cut to “Sector Weight” at KeyCorp

HubSpot (NYSE:HUBS – Get Free Report) was downgraded by analysts at KeyCorp from an “overweight” rating to a “sector weight” rating in a note issued to investors on Thursday, Briefing.com reports.

HUBS has been the topic of a number of other research reports. Royal Bank Of Canada restated an “outperform” rating on shares of HubSpot in a research report on Tuesday, October 6th. JPMorgan Chase & Co. downgraded shares of HubSpot from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $268.00 to $240.00 in a research report on Thursday, October 8th. Citigroup lifted their target price on shares of HubSpot from $210.00 to $287.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 27th. Needham & Company LLC reiterated a “buy” rating and set a $300.00 target price on shares of HubSpot in a research note on Tuesday, October 6th. Finally, Capital One Financial cut HubSpot from an “overweight” rating to an “equal weight” rating and set a $206.00 price target on the stock. in a report on Thursday, August 6th. Nine investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $264.77.

Check Out Our Latest Analysis on HubSpot

HubSpot Stock Performance

Shares of NYSE:HUBS opened at $217.16 on Thursday. HubSpot has a fifty-two week low of $169.63 and a fifty-two week high of $476.64. The business has a 50-day simple moving average of $233.82 and a two-hundred day simple moving average of $230.93. The firm has a market cap of $10.83 billion, a price-to-earnings ratio of 76.74, a price-to-earnings-growth ratio of 2.30 and a beta of 1.14.

HubSpot (NYSE:HUBS – Get Free Report) last posted its earnings results on Wednesday, November 4th. The software maker reported $3.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.54. The business had revenue of $947.57 million for the quarter, compared to analysts’ expectations of $925.50 million. HubSpot had a net margin of 4.26% and a return on equity of 8.66%. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.66 EPS. As a group, research analysts predict that HubSpot will post 4.63 earnings per share for the current year.

Insider Buying and Selling at HubSpot

In other HubSpot news, Director Gerald Dischler purchased 925 shares of the business’s stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $215.93 per share, for a total transaction of $199,735.25. Following the purchase, the director owned 1,940 shares of the company’s stock, valued at approximately $418,904.20. This represents a 91.13% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $239.57, for a total value of $2,036,345.00. Following the sale, the director owned 59,500 shares of the company’s stock, valued at $14,254,415. This represents a 12.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 25,500 shares of company stock valued at $5,990,035 in the last ninety days. 3.70% of the stock is currently owned by insiders.

Institutional Trading of HubSpot

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of HubSpot during the 2nd quarter valued at about $631,386,000. Pictet Asset Management Holding SA increased its holdings in shares of HubSpot by 2.0% in the third quarter. Pictet Asset Management Holding SA now owns 1,689,478 shares of the software maker’s stock worth $346,208,000 after purchasing an additional 33,728 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of HubSpot by 352.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 903,559 shares of the software maker’s stock worth $220,559,000 after purchasing an additional 703,706 shares during the last quarter. Amundi increased its holdings in shares of HubSpot by 33.4% in the first quarter. Amundi now owns 586,037 shares of the software maker’s stock worth $143,052,000 after purchasing an additional 146,871 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of HubSpot in the second quarter worth about $112,671,000. 90.39% of the stock is currently owned by institutional investors.

Key Stories Impacting HubSpot

Here are the key news stories impacting HubSpot this week:

HubSpot Company Profile

(Get Free Report)

HubSpot, Inc is a cloud-based customer relationship management (CRM) platform provider serving businesses that want to attract, engage and retain customers. Its platform brings together tools for marketing, sales, customer service, content management, operations and commerce, helping organizations manage customer interactions across the customer lifecycle.

The company’s offerings include marketing automation, email marketing, lead generation, website and content management, sales pipeline and engagement tools, customer support and help-desk capabilities, reporting and analytics, and payment and commerce features.

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Analyst Recommendations for HubSpot (NYSE:HUBS)

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