HubSpot (NYSE:HUBS) Downgraded by ValuEngine

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ValuEngine downgraded shares of HubSpot (NYSE:HUBS) from a buy rating to a hold rating in a research note released on Thursday, ValuEngine reports.

HUBS has been the topic of a number of other research reports. Raymond James raised their price target on HubSpot from $200.00 to $210.00 and gave the stock an outperform rating in a research report on Thursday, September 5th. UBS Group assumed coverage on HubSpot in a research report on Tuesday, August 13th. They set a buy rating on the stock. Cowen set a $170.00 price target on HubSpot and gave the stock a hold rating in a research report on Wednesday, August 7th. Bank of America set a $215.00 target price on HubSpot and gave the company a buy rating in a research report on Thursday, September 5th. Finally, Jefferies Financial Group lifted their target price on HubSpot from $200.00 to $230.00 and gave the company a buy rating in a research report on Thursday, September 5th. Nine equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. HubSpot currently has a consensus rating of Buy and an average price target of $198.00.

Shares of NYSE HUBS traded up $1.56 during mid-day trading on Thursday, reaching $164.55. 201,763 shares of the company’s stock were exchanged, compared to its average volume of 583,313. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of -161.32 and a beta of 1.63. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt-to-equity ratio of 0.91. The business has a fifty day simple moving average of $173.35 and a 200 day simple moving average of $175.71. HubSpot has a twelve month low of $108.39 and a twelve month high of $207.98.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.26) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.07. The company had revenue of $163.30 million for the quarter, compared to analyst estimates of $157.26 million. HubSpot had a negative return on equity of 7.93% and a negative net margin of 9.92%. HubSpot’s revenue was up 33.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 earnings per share. Equities research analysts predict that HubSpot will post -0.74 earnings per share for the current fiscal year.

In other news, CFO Kathryn Bueker sold 544 shares of HubSpot stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $149.50, for a total transaction of $81,328.00. Following the completion of the transaction, the chief financial officer now directly owns 37,003 shares in the company, valued at approximately $5,531,948.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dharmesh Shah sold 29,000 shares of HubSpot stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $182.30, for a total value of $5,286,700.00. Following the transaction, the insider now owns 1,498,433 shares of the company’s stock, valued at $273,164,335.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,044 shares of company stock valued at $13,920,993. Corporate insiders own 8.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Polianta Ltd bought a new position in shares of HubSpot during the 3rd quarter worth approximately $1,030,000. Cerebellum GP LLC boosted its stake in shares of HubSpot by 53.0% during the 3rd quarter. Cerebellum GP LLC now owns 2,983 shares of the software maker’s stock worth $452,000 after acquiring an additional 1,033 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of HubSpot during the 3rd quarter worth approximately $315,000. Parallax Volatility Advisers L.P. boosted its stake in shares of HubSpot by 1,590.9% during the 2nd quarter. Parallax Volatility Advisers L.P. now owns 13,527 shares of the software maker’s stock worth $2,307,000 after acquiring an additional 12,727 shares during the period. Finally, Macquarie Group Ltd. bought a new position in shares of HubSpot during the 2nd quarter worth approximately $256,000. Institutional investors own 92.45% of the company’s stock.

About HubSpot

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company's software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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