HubSpot (NYSE:HUBS) Rating Lowered to “Hold” at TD Cowen

TD Cowen lowered shares of HubSpot (NYSE:HUBS) from a buy rating to a hold rating in a research report released on Friday morning, MarketBeat Ratings reports. The brokerage currently has $725.00 price objective on the software maker’s stock, up from their previous price objective of $680.00.

Several other research firms have also recently commented on HUBS. Needham & Company LLC restated a “buy” rating and issued a $730.00 target price on shares of HubSpot in a research report on Thursday, November 7th. UBS Group raised HubSpot from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Morgan Stanley lifted their target price on HubSpot from $747.00 to $835.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Oppenheimer increased their price target on HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Truist Financial restated a “buy” rating and set a $750.00 price objective (up from $600.00) on shares of HubSpot in a research note on Friday, November 8th. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $721.26.

HubSpot Stock Down 1.8 %

Shares of HUBS stock opened at $704.08 on Friday. The company has a market cap of $36.34 billion, a P/E ratio of -2,607.59, a PEG ratio of 41.24 and a beta of 1.70. The business has a 50 day moving average of $713.49 and a two-hundred day moving average of $586.04. HubSpot has a 52 week low of $434.84 and a 52 week high of $762.47.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. The firm had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm’s revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.04) EPS. Analysts expect that HubSpot will post 0.42 EPS for the current fiscal year.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the sale, the chief executive officer now owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kathryn Bueker sold 1,796 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $1,260,055.64. Following the sale, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at $27,053,310.40. This trade represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,066 shares of company stock valued at $54,900,427. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. HM Payson & Co. lifted its stake in shares of HubSpot by 36.0% in the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after buying an additional 19 shares during the period. Pallas Capital Advisors LLC grew its stake in HubSpot by 1.9% in the 4th quarter. Pallas Capital Advisors LLC now owns 1,146 shares of the software maker’s stock valued at $798,000 after buying an additional 21 shares during the last quarter. Ballentine Partners LLC raised its holdings in HubSpot by 4.6% in the 4th quarter. Ballentine Partners LLC now owns 564 shares of the software maker’s stock worth $393,000 after acquiring an additional 25 shares during the period. Finally, Motley Fool Asset Management LLC lifted its position in HubSpot by 2.6% during the 3rd quarter. Motley Fool Asset Management LLC now owns 1,028 shares of the software maker’s stock worth $541,000 after acquiring an additional 26 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

About HubSpot

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.