HubSpot (NYSE:HUBS) Upgraded by Stephens to “Strong-Buy” Rating

HubSpot (NYSE:HUBS) was upgraded by equities researchers at Stephens to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. The Goldman Sachs Group lifted their price target on shares of HubSpot from $783.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. lifted their price target on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Morgan Stanley lifted their price target on shares of HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. UBS Group raised HubSpot from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 19th. Finally, Oppenheimer lifted their price objective on HubSpot from $850.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and an average target price of $860.00.

HubSpot Trading Up 1.2 %

Shares of HubSpot stock opened at $603.92 on Tuesday. The company’s fifty day simple moving average is $719.54 and its 200-day simple moving average is $653.69. The company has a market cap of $31.50 billion, a price-to-earnings ratio of 6,710.96, a PEG ratio of 41.44 and a beta of 1.80. HubSpot has a 1 year low of $434.84 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data 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, research analysts forecast that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In other news, CEO Yamini Rangan sold 3,057 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the sale, the chief executive officer now owns 54,079 shares in the company, valued at $37,941,285.61. This represents a 5.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 524,751 shares in the company, valued at approximately $425,048,310. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,997 shares of company stock worth $16,260,831. 4.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On HubSpot

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its stake in shares of HubSpot by 5.4% during the 4th quarter. Farther Finance Advisors LLC now owns 255 shares of the software maker’s stock worth $178,000 after purchasing an additional 13 shares in the last quarter. Wedbush Securities Inc. raised its stake in HubSpot by 3.4% in the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker’s stock valued at $274,000 after acquiring an additional 13 shares during the period. First Horizon Advisors Inc. raised its stake in HubSpot by 2.4% in the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the software maker’s stock valued at $445,000 after acquiring an additional 15 shares during the period. Amalgamated Bank raised its stake in HubSpot by 0.5% in the 4th quarter. Amalgamated Bank now owns 3,259 shares of the software maker’s stock valued at $2,271,000 after acquiring an additional 16 shares during the period. Finally, Avitas Wealth Management LLC grew its holdings in HubSpot by 0.8% in the 4th quarter. Avitas Wealth Management LLC now owns 2,038 shares of the software maker’s stock valued at $1,420,000 after buying an additional 17 shares in 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.