HubSpot (NYSE:HUBS) Given "Sell (E+)" Rating at Weiss Ratings

Key Points

• Weiss Ratings has reissued a "sell (e+)" rating for HubSpot's stock, reflecting cautious sentiment among analysts regarding its performance.
• HubSpot's stock experienced a trading rise, reaching $454.43, but still faced a decrease in analysts' price targets from various institutions, including Barclays and Citigroup.
• The company's quarterly earnings report showed a revenue increase of 19.4% year-over-year, alongside earnings per share of $2.19, surpassing analyst estimates.

HubSpot (NYSE:HUBS - Get Free Report)'s stock had its "sell (e+)" rating reissued by equities research analysts at Weiss Ratings in a research note issued on Tuesday,Weiss Ratings reports.

HUBS has been the topic of a number of other reports. Piper Sandler started coverage on shares of HubSpot in a report on Thursday, September 4th. They issued an "overweight" rating and a $675.00 price target on the stock. UBS Group reissued an "outperform" rating on shares of HubSpot in a report on Wednesday, September 3rd. Barclays cut their price target on shares of HubSpot from $745.00 to $675.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Citigroup dropped their price objective on shares of HubSpot from $700.00 to $650.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Finally, KeyCorp dropped their price objective on shares of HubSpot from $860.00 to $775.00 and set an "overweight" rating on the stock in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $723.11.

HubSpot Stock Performance

HUBS traded up $4.55 during mid-day trading on Tuesday, reaching $454.43. 172,522 shares of the stock were exchanged, compared to its average volume of 767,827. The stock has a market capitalization of $23.94 billion, a PE ratio of -1,979.46, a price-to-earnings-growth ratio of 15.16 and a beta of 1.58. The company has a 50 day moving average price of $474.22 and a two-hundred day moving average price of $537.84. HubSpot has a 1 year low of $418.34 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, topping analysts' consensus estimates of $2.12 by $0.07. The company had revenue of $760.87 million for the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The firm's quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.94 EPS. Sell-side analysts expect that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Brian Halligan sold 8,500 shares of the company's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $506.52, for a total transaction of $4,305,420.00. Following the sale, the director directly owned 522,185 shares in the company, valued at $264,497,146.20. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Dharmesh Shah sold 4,747 shares of the company's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $501.60, for a total value of $2,381,095.20. Following the sale, the chief technology officer owned 1,271,058 shares in the company, valued at approximately $637,562,692.80. This represents a 0.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,598 shares of company stock valued at $20,947,042. Corporate insiders own 4.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. OFI Invest Asset Management increased its position in shares of HubSpot by 2,206.7% in the third quarter. OFI Invest Asset Management now owns 43,274 shares of the software maker's stock worth $20,244,000 after purchasing an additional 41,398 shares during the last quarter. Exchange Traded Concepts LLC increased its position in shares of HubSpot by 55.8% in the third quarter. Exchange Traded Concepts LLC now owns 10,171 shares of the software maker's stock worth $4,758,000 after purchasing an additional 3,643 shares during the last quarter. Brighton Jones LLC increased its position in shares of HubSpot by 37.9% in the third quarter. Brighton Jones LLC now owns 3,716 shares of the software maker's stock worth $1,738,000 after purchasing an additional 1,022 shares during the last quarter. Evanson Asset Management LLC bought a new position in shares of HubSpot in the third quarter worth approximately $499,000. Finally, Matauro LLC bought a new position in shares of HubSpot in the third quarter worth approximately $561,000. 90.39% of the stock is currently owned by institutional investors.

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.

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