HubSpot (NYSE:HUBS) Cut to “Strong Sell” at Zacks Research

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

HUBS has been the subject of a number of other reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of HubSpot in a research report on Friday, January 9th. JPMorgan Chase & Co. reduced their price target on HubSpot from $675.00 to $650.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Argus decreased their price objective on HubSpot from $650.00 to $525.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Barclays cut their target price on HubSpot from $575.00 to $525.00 and set an “overweight” rating on the stock in a research note on Monday, January 12th. Finally, Piper Sandler reduced their target price on shares of HubSpot from $675.00 to $590.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and an average target price of $603.07.

HubSpot Stock Performance

Shares of HubSpot stock opened at $301.82 on Monday. HubSpot has a fifty-two week low of $300.09 and a fifty-two week high of $881.13. The company has a market capitalization of $15.81 billion, a P/E ratio of -3,772.69, a P/E/G ratio of 7.21 and a beta of 1.46. The company has a fifty day moving average of $373.14 and a 200 day moving average of $444.98.

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

Insider Activity at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $366.99, for a total value 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 represents a 1.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 17,235 shares of company stock worth $6,364,276 in the last three months. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HUBS. QRG Capital Management Inc. boosted its position in HubSpot by 5.9% in the second quarter. QRG Capital Management Inc. now owns 434 shares of the software maker’s stock valued at $242,000 after buying an additional 24 shares during the last quarter. Fifth Third Bancorp lifted 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 valued at $503,000 after acquiring an additional 26 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of HubSpot by 4.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 597 shares of the software maker’s stock valued at $332,000 after acquiring an additional 27 shares during the last quarter. Insigneo Advisory Services LLC boosted its holdings in shares of HubSpot by 6.3% in the 2nd quarter. Insigneo Advisory Services LLC now owns 470 shares of the software maker’s stock valued at $262,000 after acquiring an additional 28 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC increased its stake in shares of HubSpot by 5.7% in the third quarter. GPS Wealth Strategies Group LLC now owns 522 shares of the software maker’s stock worth $244,000 after acquiring an additional 28 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

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.