HubSpot (HUBS) – Investment Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of HubSpot (NYSE: HUBS) in the last few weeks:

2/13/2019 – HubSpot had its price target raised by analysts at JPMorgan Chase & Co. to $180.00. They now have an “overweight” rating on the stock. 2/13/2019 – HubSpot had its price target raised by analysts at Raymond James from $155.00 to $181.00. They now have an “outperform” rating on the stock. 2/13/2019 – HubSpot had its price target raised by analysts at Royal Bank of Canada to $167.00. They now have a “market perform” rating on the stock. 2/13/2019 – HubSpot had its price target raised by analysts at Deutsche Bank AG from $150.00 to $168.00. They now have a “hold” rating on the stock. 2/13/2019 – HubSpot had its “hold” rating reaffirmed by analysts at UBS Group AG. They wrote, “HubSpot reported solid 4Q results and initiated 2019 guidance above consensus. Highlights include: 1) 30%+ growth across: total customers, billings, deferred revenue, subscription billings, subscription revenue, and total revenue; 2) solid operating margin improvements; and 3) record free cash flow generation. On balance, customer retention remains in the low-to-mid 80s,” which implies an SMB-tilted installed base, and this market lacks a catalyst (i.e., a cyclical pickup) to boost software spending this year. Bottom line: We believe HubSpot is a great business and has a strong management team. However, shares of HUBS are currently trading at a ~2-turn premium to the SaaS industry average (i.e., ~11x vs. ~9x), which implies that much of the success in 2019 may already priced in. Maintain-Perform rating on valuation.”” 2/13/2019 – HubSpot had its price target raised by analysts at Stifel Nicolaus from $160.00 to $185.00. They now have a “buy” rating on the stock. 2/13/2019 – HubSpot had its price target raised by analysts at Jefferies Financial Group Inc to $200.00. They now have a “buy” rating on the stock. 2/13/2019 – HubSpot had its price target raised by analysts at Canaccord Genuity from $160.00 to $190.00. They now have a “buy” rating on the stock. 2/13/2019 – HubSpot had its price target raised by analysts at Bank of America Corp from $185.00 to $205.00. They now have a “buy” rating on the stock. 2/13/2019 – HubSpot had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $198.00 price target on the stock, up previously from $145.00. 2/7/2019 – HubSpot was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “HubSpot provides inbound marketing and sales application over the cloud. The company is benefitting from an expanding international footprint. Robust performance of Hubspot One and Hubspot CRM tools is a positive. We believe portfolio expansion and collaborations bode well. HubSpot’s product portfolio is gaining from integration with Shopify & Facebook, which leverage AI. Moreover, integration of its various in house offerings is likely to improve subscription levels going ahead, consequently bolstering the top line. Adoption of Google cloud bodes well. The company has positive record of earnings surprises in recent quarters. Notably, shares of the company outperformed the industry in the past year. However, adverse foreign exchange rate volatility impact and mounting operating losses are headwinds. Notably, estimates have remained stable lately ahead of company's Q4 earnings release.” 2/4/2019 – HubSpot was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $179.00 price target on the stock. According to Zacks, “HubSpot provides inbound marketing and sales application over the cloud. The company is benefitting from an expanding international footprint. Robust performance of Hubspot One and Hubspot CRM tools is a positive. We believe portfolio expansion and collaborations bode well. HubSpot’s product portfolio is gaining from integration with Shopify & Facebook, which leverage AI. Moreover, integration of its various in house offerings is likely to improve subscription levels going ahead, consequently bolstering the top line. Adoption of Google cloud bodes well. The company has positive record of earnings surprises in recent quarters. Notably, shares of the company outperformed the industry in the past year. However, adverse foreign exchange rate volatility impact and mounting operating losses are headwinds. Notably, estimates have remained stable lately ahead of company's Q4 earnings release.” 1/29/2019 – HubSpot was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “HubSpot provides inbound marketing and sales application over the cloud. The company is benefitting from an expanding international footprint. Robust performance of Hubspot One and Hubspot CRM tools is a positive. We believe portfolio expansion and collaborations bode well. HubSpot’s product portfolio is gaining from integration with Shopify & Facebook, which leverage AI. Moreover, integration of its various in house offerings is likely to improve subscription levels going ahead, consequently bolstering the top line. Adoption of Google cloud bodes well. The company has positive record of earnings surprises in recent quarters. Notably, shares of the company outperformed the industry in the past year. However, adverse foreign exchange rate volatility impact and mounting operating losses are headwinds. Notably, estimates have remained stable lately ahead of company's Q4 earnings release.” 1/28/2019 – HubSpot was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $170.00 price target on the stock. According to Zacks, “HubSpot provides inbound marketing and sales application over the cloud. The company is benefitting from an expanding international footprint. Robust performance of Hubspot One and Hubspot CRM tools is a positive. We believe portfolio expansion and collaborations bode well. HubSpot’s product portfolio is gaining from integration with Shopify & Facebook, which leverage AI. Moreover, integration of its various in house offerings is likely to improve subscription levels going ahead, consequently bolstering the top line. The company also raised its fiscal 2018 guidance. Adoption of Google cloud bodes well. Notably, shares of the company outperformed the industry in the past year. However, adverse foreign exchange rate volatility impact and mounting operating losses are headwinds. Notably, estimates have remained stable lately ahead of company's Q4 earnings release.” 1/25/2019 – HubSpot is now covered by analysts at Deutsche Bank AG. They set a “hold” rating and a $150.00 price target on the stock. 1/24/2019 – HubSpot had its “market perform” rating reaffirmed by analysts at CIBC. 1/24/2019 – HubSpot had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. 1/24/2019 – HubSpot was downgraded by analysts at UBS Group AG from an “outperform” rating to a “market perform” rating. 1/23/2019 – HubSpot had its “buy” rating reaffirmed by analysts at Bank of America Corp. They now have a $185.00 price target on the stock, up previously from $180.00. 1/17/2019 – HubSpot is now covered by analysts at Stephens. They set an “overweight” rating and a $191.00 price target on the stock. 1/17/2019 – HubSpot was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “HubSpot provides inbound marketing and sales application over the cloud. The company also raised its fiscal 2018 guidance. We believe portfolio expansion and collaborations bode well. The company is benefitting from an expanding international footprint. Robust performance of Hubspot One and Hubspot CRM tools is a positive. HubSpot’s product portfolio is gaining from integration with Shopify & Facebook, which leverage AI. Adoption of Google cloud remains a positive. Moreover, integration of its various in house offerings is likely to improve subscription levels going ahead, consequently bolstering the top line. Notably, shares of the company outperformed the industry over the past one year. However, adverse foreign exchange rate volatility impact and mounting operating losses are headwinds. Moreover, estimates have remained stable lately ahead of company's Q4 earnings release.” 1/15/2019 – HubSpot was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $158.00 price target on the stock. According to Zacks, “HubSpot provides inbound marketing and sales application over the cloud. The company also raised its fiscal 2018 guidance. We believe portfolio expansion and collaborations bode well. The company is benefitting from an expanding international footprint. Robust performance of Hubspot One and Hubspot CRM tools is a positive. HubSpot’s product portfolio is gaining from integration with Shopify & Facebook, which leverage AI. Adoption of Google cloud remains a positive. Moreover, integration of its various in house offerings is likely to improve subscription levels going ahead, consequently bolstering the top line. Notably, shares of the company outperformed the industry over the past one year. However, adverse foreign exchange rate volatility impact and mounting operating losses are headwinds.” 1/10/2019 – HubSpot was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “HubSpot provides inbound marketing and sales application over the cloud. The company also raised its fiscal 2018 guidance. We believe portfolio expansion and collaborations bode well. The company is benefitting from an expanding international footprint. Robust performance of Hubspot One and Hubspot CRM tools is a positive. HubSpot’s product portfolio is gaining from integration with Shopify & Facebook, which leverage AI. Adoption of Google cloud remains a positive. Moreover, integration of its various in house offerings is likely to improve subscription levels going ahead, consequently bolstering the top line. Notably, shares of the company outperformed the industry over the past one year. However, adverse foreign exchange rate volatility impact and mounting operating losses are headwinds.”

Shares of HubSpot stock traded up $1.04 on Thursday, hitting $165.27. 503,785 shares of the company traded hands, compared to its average volume of 781,414. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.01 and a current ratio of 3.01. HubSpot Inc has a 52 week low of $101.45 and a 52 week high of $180.00. The company has a market capitalization of $6.53 billion, a PE ratio of -162.03 and a beta of 1.92.

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HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.54. The company had revenue of $144.02 million during the quarter, compared to the consensus estimate of $137.48 million. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. HubSpot’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 earnings per share. On average, analysts forecast that HubSpot Inc will post -1.1 earnings per share for the current year.

In other HubSpot news, CEO Brian Halligan sold 15,277 shares of HubSpot stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $123.18, for a total value of $1,881,820.86. Following the transaction, the chief executive officer now directly owns 680,046 shares of the company’s stock, valued at $83,768,066.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald S. Gill sold 4,133 shares of HubSpot stock in a transaction on Monday, February 11th. The stock was sold at an average price of $166.92, for a total transaction of $689,880.36. Following the completion of the transaction, the director now directly owns 18,207 shares in the company, valued at $3,039,112.44. The disclosure for this sale can be found here. Insiders sold 74,763 shares of company stock valued at $10,819,780 in the last three months. 9.60% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HUBS. Capital Research Global Investors grew its holdings in HubSpot by 164.5% in the third quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock worth $286,814,000 after purchasing an additional 1,181,611 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in HubSpot by 2,435.9% in the fourth quarter. 1832 Asset Management L.P. now owns 388,000 shares of the software maker’s stock worth $47,549,000 after purchasing an additional 372,700 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in HubSpot by 358.0% in the third quarter. TIAA CREF Investment Management LLC now owns 362,839 shares of the software maker’s stock worth $54,771,000 after purchasing an additional 283,609 shares during the last quarter. North Peak Capital Management LLC purchased a new position in HubSpot in the fourth quarter worth $15,397,000. Finally, Polar Capital LLP grew its holdings in HubSpot by 51.4% in the fourth quarter. Polar Capital LLP now owns 309,191 shares of the software maker’s stock worth $38,875,000 after purchasing an additional 104,956 shares during the last quarter. 95.01% of the stock is currently owned by institutional investors and hedge funds.

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.

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