HubSpot (HUBS) Downgraded 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 to investors 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.”

HUBS has been the topic of a number of other research reports. Canaccord Genuity boosted their target price on HubSpot from $98.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Oppenheimer boosted their target price on HubSpot from $91.00 to $93.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. JPMorgan Chase & Co. boosted their target price on HubSpot from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Needham & Company LLC boosted their target price on HubSpot to $95.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Finally, SunTrust Banks boosted their target price on HubSpot to $112.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $93.76.

Shares of HubSpot (NYSE:HUBS) traded up $3.10 during midday trading on Monday, reaching $105.75. The company’s stock had a trading volume of 734,600 shares, compared to its average volume of 407,942. The stock has a market capitalization of $4,003.50, a price-to-earnings ratio of -97.92 and a beta of 2.24. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 1.42. HubSpot has a 52 week low of $56.50 and a 52 week high of $106.50.

In related news, CEO Brian Halligan sold 25,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $88.30, for a total value of $2,207,500.00. Following the transaction, the chief executive officer now owns 796,119 shares of the company’s stock, valued at $70,297,307.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dharmesh Shah sold 21,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $102.56, for a total value of $2,153,760.00. The disclosure for this sale can be found here. Insiders have sold 57,000 shares of company stock worth $5,392,060 in the last ninety days. Corporate insiders own 12.10% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. increased its holdings in HubSpot by 18.5% in the second quarter. Ameritas Investment Partners Inc. now owns 2,955 shares of the software maker’s stock valued at $194,000 after buying an additional 462 shares during the last quarter. ETRADE Capital Management LLC purchased a new position in HubSpot in the third quarter valued at $203,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in HubSpot by 35.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the software maker’s stock valued at $206,000 after buying an additional 606 shares during the last quarter. Raymond James Trust N.A. purchased a new position in HubSpot in the fourth quarter valued at $216,000. Finally, Sciencast Management LP purchased a new position in HubSpot in the fourth quarter valued at $219,000. 96.60% of the stock is currently owned by hedge funds and other 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.

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