HubSpot (NYSE:HUBS) Rating Increased to Strong-Buy at UBS Group

HubSpot (NYSE:HUBS) was upgraded by stock analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

HUBS has been the subject of several other reports. BMO Capital Markets upped their price objective on shares of HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Canaccord Genuity Group lifted their price objective on HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Citigroup upped their target price on HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Truist Financial restated a “buy” rating and issued a $900.00 target price (up previously from $750.00) on shares of HubSpot in a research note on Thursday, February 13th. Finally, Mizuho increased their price objective on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $863.96.

HubSpot Stock Down 3.0 %

HUBS opened at $748.14 on Wednesday. HubSpot has a 52 week low of $434.84 and a 52 week high of $881.13. The business’s fifty day simple moving average is $739.84 and its 200 day simple moving average is $629.64. The stock has a market cap of $39.02 billion, a PE ratio of 8,313.56, a P/E/G ratio of 42.71 and a beta of 1.72.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, equities analysts anticipate that HubSpot will post 1.01 earnings per share for the current year.

Insider Buying and Selling at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the sale, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. This represents a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lorrie M. Norrington sold 572 shares of HubSpot stock in a transaction on Friday, December 20th. The shares were sold at an average price of $690.00, for a total value of $394,680.00. Following the transaction, the director now owns 1,697 shares in the company, valued at $1,170,930. This trade represents a 25.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,112 shares of company stock valued at $35,878,612. 4.50% of the stock is owned by company insiders.

Institutional Trading of HubSpot

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its stake in HubSpot by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker’s stock valued at $1,029,262,000 after acquiring an additional 74,990 shares in the last quarter. Geode Capital Management LLC raised its position in shares of HubSpot by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker’s stock valued at $577,572,000 after buying an additional 9,922 shares in the last quarter. Groupama Asset Managment lifted its holdings in shares of HubSpot by 3.8% in the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker’s stock valued at $506,412,000 after acquiring an additional 26,799 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in HubSpot by 18.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker’s stock worth $471,068,000 after acquiring an additional 104,800 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in HubSpot by 3.8% in the fourth quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock worth $469,987,000 after acquiring an additional 24,799 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Company Profile

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.