HubSpot (NYSE:HUBS) Downgraded by Zacks Research to Strong Sell

Zacks Research downgraded shares of HubSpot (NYSE:HUBS) from a hold rating to a strong sell rating in a research report report published on Monday,Zacks.com reports.

HUBS has been the topic of a number of other reports. Bank of America lowered their target price on HubSpot from $640.00 to $515.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Truist Financial lowered their price objective on shares of HubSpot from $675.00 to $650.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Jefferies Financial Group lowered their price objective on shares of HubSpot from $650.00 to $560.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. JPMorgan Chase & Co. reduced their price objective on shares of HubSpot from $675.00 to $650.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, Needham & Company LLC decreased their target price on shares of HubSpot from $900.00 to $700.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $603.07.

HubSpot Trading Down 2.2%

HUBS opened at $304.98 on Monday. HubSpot has a 1-year low of $302.00 and a 1-year high of $881.13. The company has a market cap of $15.98 billion, a P/E ratio of -3,812.29, a price-to-earnings-growth ratio of 7.38 and a beta of 1.46. The company has a fifty day moving average price of $375.00 and a two-hundred day moving average price of $445.99.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Thursday, November 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.08. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The company had revenue of $809.52 million for the quarter, compared to analysts’ expectations of $786.80 million. During the same quarter in the prior year, the firm earned $2.18 EPS. The business’s revenue was up 20.9% on a year-over-year basis. On average, research analysts forecast that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $366.99, for a total transaction of $3,119,415.00. Following the transaction, the director directly owned 496,308 shares of the company’s stock, valued at $182,140,072.92. This trade represents a 1.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 17,235 shares of company stock worth $6,364,276 over the last 90 days. 4.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On HubSpot

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its holdings in shares of HubSpot by 5.9% in the 2nd quarter. QRG Capital Management Inc. now owns 434 shares of the software maker’s stock valued at $242,000 after purchasing an additional 24 shares during the last quarter. Fifth Third Bancorp grew its stake in HubSpot by 2.5% during the 3rd quarter. Fifth Third Bancorp now owns 1,076 shares of the software maker’s stock worth $503,000 after buying an additional 26 shares during the last quarter. First Horizon Advisors Inc. increased its position in HubSpot by 4.7% during the second quarter. First Horizon Advisors Inc. now owns 597 shares of the software maker’s stock worth $332,000 after buying an additional 27 shares during the period. Insigneo Advisory Services LLC increased its position in HubSpot by 6.3% during the second quarter. Insigneo Advisory Services LLC now owns 470 shares of the software maker’s stock worth $262,000 after buying an additional 28 shares during the period. Finally, GPS Wealth Strategies Group LLC lifted its stake in HubSpot by 5.7% in the third quarter. GPS Wealth Strategies Group LLC now owns 522 shares of the software maker’s stock valued at $244,000 after buying an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.