HubSpot (NYSE:HUBS) Stock Rating Upgraded by UBS Group

UBS Group upgraded shares of HubSpot (NYSE:HUBS) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. Piper Sandler lifted their price target on shares of HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. The Goldman Sachs Group lifted their price target on shares of HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price target on shares of HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Needham & Company LLC lifted their price target on shares of HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, TD Cowen cut shares of HubSpot from a “buy” rating to a “hold” rating and boosted their target price for the stock from $680.00 to $725.00 in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $863.96.

HubSpot Stock Performance

HUBS opened at $748.14 on Wednesday. The company’s 50 day simple moving average is $739.84 and its 200 day simple moving average is $629.64. HubSpot has a 1 year low of $434.84 and a 1 year high of $881.13. The stock has a market capitalization 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 earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. As a group, sell-side analysts expect that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $729.65, for a total value of $6,202,025.00. Following the completion of the sale, the insider now owns 513,698 shares of the company’s stock, valued at $374,819,745.70. This represents a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Yamini Rangan sold 115 shares of the company’s stock in a transaction dated 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 directly owns 61,179 shares of the company’s stock, valued at $43,668,958.41. The trade was a 0.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,112 shares of company stock valued at $35,878,612. 4.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HubSpot

Institutional investors and hedge funds have recently bought and sold shares of the business. Elequin Capital LP acquired a new stake in HubSpot in the 4th quarter valued at about $27,000. Larson Financial Group LLC raised its holdings in HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after buying an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in 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. Coppell Advisory Solutions LLC raised its holdings in HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after buying an additional 22 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in HubSpot during the 3rd quarter worth about $25,000. 90.39% of the stock is owned by institutional investors and hedge funds.

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.