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

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

Several other research firms also recently weighed in on HUBS. Truist Financial reissued a “buy” rating and issued a $900.00 target price (up previously from $750.00) on shares of HubSpot in a research report on Thursday, February 13th. Barclays boosted 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. Citigroup lifted their target price on HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Oppenheimer raised their price objective on HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, Mizuho boosted their target price on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $863.96.

HubSpot Stock Performance

Shares of HUBS opened at $748.14 on Wednesday. HubSpot has a one year low of $434.84 and a one year high of $881.13. The stock has a 50-day moving average price of $739.84 and a 200 day moving average price of $629.64. The company has a market capitalization of $39.02 billion, a P/E 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 EPS for the quarter, missing the consensus estimate 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 research analysts forecast that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the completion of the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $729.65, for a total transaction of $6,202,025.00. Following the completion of the transaction, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $374,819,745.70. The trade was a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,112 shares of company stock valued at $35,878,612 in the last 90 days. 4.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On HubSpot

Several hedge funds have recently modified their holdings of HUBS. GDS Wealth Management acquired a new position in shares of HubSpot in the third quarter valued at approximately $2,149,000. Pallas Capital Advisors LLC acquired a new position in HubSpot during the 3rd quarter worth approximately $624,000. Icon Wealth Advisors LLC boosted its holdings in shares of HubSpot by 3,346.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock valued at $11,212,000 after acquiring an additional 20,479 shares in the last quarter. Curi RMB Capital LLC grew its holdings in HubSpot by 15.1% during the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock worth $3,797,000 after acquiring an additional 937 shares during the last quarter. Finally, Advantage Alpha Capital Partners LP increased its position in HubSpot by 113.4% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 18,666 shares of the software maker’s stock valued at $9,923,000 after purchasing an additional 9,919 shares during the period. 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.