HubSpot (NYSE:HUBS) Lowered to Buy at ValuEngine

ValuEngine cut shares of HubSpot (NYSE:HUBS) from a strong-buy rating to a buy rating in a research report released on Thursday morning, ValuEngine reports.

A number of other research firms have also issued reports on HUBS. Goldman Sachs Group assumed coverage on shares of HubSpot in a research note on Friday, June 7th. They set a buy rating and a $223.00 price objective on the stock. Piper Jaffray Companies lifted their price objective on shares of HubSpot from $185.00 to $200.00 and gave the company an overweight rating in a research note on Tuesday, April 30th. Zacks Investment Research lowered shares of HubSpot from a buy rating to a hold rating in a research note on Wednesday, April 17th. Stifel Nicolaus lifted their price target on shares of HubSpot from $185.00 to $195.00 and gave the stock a buy rating in a research note on Wednesday, May 8th. Finally, Royal Bank of Canada lifted their price target on shares of HubSpot from $167.00 to $187.00 and gave the stock a sector perform rating in a research note on Monday, May 6th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. HubSpot currently has an average rating of Buy and an average target price of $189.50.

Shares of HUBS traded down $5.71 during mid-day trading on Thursday, reaching $172.04. 493,531 shares of the stock traded hands, compared to its average volume of 412,546. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of -168.67 and a beta of 1.71. The firm has a fifty day moving average of $177.72. HubSpot has a 12-month low of $108.39 and a 12-month high of $192.49. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 0.83.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.10. The company had revenue of $151.80 million for the quarter, compared to analyst estimates of $147.47 million. HubSpot had a negative net margin of 10.81% and a negative return on equity of 10.68%. The business’s quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 earnings per share. As a group, research analysts predict that HubSpot will post -0.86 earnings per share for the current year.

In other HubSpot news, CEO Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $178.86, for a total transaction of $1,520,310.00. Following the completion of the sale, the chief executive officer now owns 736,946 shares in the company, valued at $131,810,161.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 1,306 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $174.65, for a total transaction of $228,092.90. Following the sale, the chief financial officer now owns 39,520 shares of the company’s stock, valued at approximately $6,902,168. The disclosure for this sale can be found here. In the last quarter, insiders have sold 105,187 shares of company stock valued at $18,472,682. 8.30% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in HUBS. Chicago Equity Partners LLC raised its holdings in HubSpot by 2.8% during the 2nd quarter. Chicago Equity Partners LLC now owns 6,150 shares of the software maker’s stock worth $1,049,000 after buying an additional 170 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in HubSpot during the 2nd quarter worth about $750,000. Swiss National Bank raised its holdings in HubSpot by 7.2% during the 2nd quarter. Swiss National Bank now owns 72,800 shares of the software maker’s stock worth $12,414,000 after buying an additional 4,900 shares during the period. Pendal Group Ltd raised its holdings in HubSpot by 4.3% during the 2nd quarter. Pendal Group Ltd now owns 9,759 shares of the software maker’s stock worth $1,664,000 after buying an additional 398 shares during the period. Finally, Slow Capital Inc. raised its holdings in HubSpot by 4.8% during the 2nd quarter. Slow Capital Inc. now owns 2,494 shares of the software maker’s stock worth $425,000 after buying an additional 115 shares during the period. Hedge funds and other institutional investors own 94.62% of the company’s stock.

HubSpot Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for HubSpot (NYSE:HUBS)

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