HubSpot (NYSE:HUBS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday, February 19th.
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 several other research reports. Canaccord Genuity upped their price target on HubSpot from $98.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Oppenheimer increased their target price on HubSpot from $91.00 to $93.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. JPMorgan Chase & Co. increased their target price on HubSpot from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Monday, February 12th. Needham & Company LLC increased their price target on HubSpot to $95.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Finally, SunTrust Banks increased their price target on HubSpot to $112.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. HubSpot currently has a consensus rating of “Buy” and an average price target of $94.82.
In other HubSpot news, CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $88.30, for a total transaction of $2,207,500.00. Following the completion of the sale, 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 document filed with the SEC, which is available through this hyperlink. Also, insider Hunter Madeley sold 1,000 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $110.10, for a total value of $110,100.00. The disclosure for this sale can be found here. Insiders have sold 57,000 shares of company stock valued at $5,420,560 in the last three months. 12.10% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Ameritas Investment Partners Inc. lifted its stake in shares of HubSpot by 18.5% in the second quarter. Ameritas Investment Partners Inc. now owns 2,955 shares of the software maker’s stock worth $194,000 after acquiring an additional 462 shares in the last quarter. ETRADE Capital Management LLC acquired a new position in shares of HubSpot in the third quarter worth about $203,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of HubSpot by 35.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the software maker’s stock worth $206,000 after acquiring an additional 606 shares in the last quarter. Raymond James Trust N.A. acquired a new position in shares of HubSpot in the fourth quarter worth about $216,000. Finally, Sciencast Management LP acquired a new position in shares of HubSpot in the fourth quarter worth about $219,000. Institutional investors own 98.73% of the company’s stock.
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HubSpot Company Profile
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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