HubSpot (NYSE:HUBS) Upgraded at UBS Group

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

Several other analysts have also weighed in on the company. Citigroup upped their price objective on HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Oppenheimer upped 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. Barclays upped their price objective on HubSpot from $725.00 to $815.00 and gave the company an “equal weight” rating in a report on Thursday, February 13th. Stifel Nicolaus upped their price objective on HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Morgan Stanley upped their price objective on HubSpot from $835.00 to $898.00 and gave the company an “overweight” 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 one has issued a strong buy rating to the company. According to MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and an average target price of $863.96.

HubSpot Stock Performance

Shares of HUBS stock opened at $726.43 on Wednesday. HubSpot has a 1 year low of $434.84 and a 1 year high of $881.13. The stock has a fifty day moving average of $739.84 and a two-hundred day moving average of $629.64. The firm has a market capitalization of $37.88 billion, a PE ratio of 8,072.32, a price-to-earnings-growth ratio of 42.71 and a beta of 1.72.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results 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 negative return on equity of 0.07% and a net margin of 0.17%. Equities research analysts predict that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In related news, CEO Yamini Rangan sold 115 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the transaction, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,112 shares of company stock valued at $35,878,612. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp grew its stake in HubSpot by 15.8% in the fourth quarter. Mackenzie Financial Corp now owns 2,830 shares of the software maker’s stock valued at $1,972,000 after purchasing an additional 386 shares in the last quarter. Forum Financial Management LP purchased a new position in HubSpot in the fourth quarter valued at about $283,000. Toronto Dominion Bank grew its stake in HubSpot by 2.5% in the fourth quarter. Toronto Dominion Bank now owns 6,382 shares of the software maker’s stock valued at $4,447,000 after purchasing an additional 154 shares in the last quarter. Sunbelt Securities Inc. grew its stake in HubSpot by 8.0% in the fourth quarter. Sunbelt Securities Inc. now owns 445 shares of the software maker’s stock valued at $311,000 after purchasing an additional 33 shares in the last quarter. Finally, GTS Securities LLC grew its stake in HubSpot by 120.4% in the fourth quarter. GTS Securities LLC now owns 334 shares of the software maker’s stock valued at $233,000 after purchasing an additional 1,969 shares in the last quarter. Hedge funds and other 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.