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

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

Other equities research analysts also recently issued reports about the stock. Morgan Stanley upped their target price 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. Wells Fargo & Company upped their target price on shares of HubSpot from $835.00 to $940.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Needham & Company LLC increased their price objective 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. KeyCorp raised shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price objective on the stock in a research report on Thursday, February 13th. Finally, Redburn Atlantic initiated coverage on shares of HubSpot in a research report on Wednesday. They issued a “buy” rating on the stock. 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 company. Based on data from MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and an average target price of $863.96.

HubSpot Stock Performance

Shares of HUBS stock opened at $748.14 on Wednesday. The firm’s 50 day moving average price is $739.84 and its 200-day moving average price is $629.64. HubSpot has a one year low of $434.84 and a one year high of $881.13. The firm has a market cap 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 announced its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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 predict that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Lorrie M. Norrington sold 572 shares of the firm’s 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 completion of the sale, the director now owns 1,697 shares in the company, valued at approximately $1,170,930. This trade represents a 25.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the firm’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 sale, the insider now owns 513,698 shares of the company’s stock, valued at $374,819,745.70. This trade represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,112 shares of company stock worth $35,878,612 in the last 90 days. Company insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

Hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of HubSpot in the 3rd quarter valued at about $25,000. Elequin Capital LP purchased a new position in HubSpot during the 4th quarter valued at about $27,000. Larson Financial Group LLC grew its holdings in shares of HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after buying an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of HubSpot by 73.1% during the fourth 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 in the last quarter. Finally, Coppell Advisory Solutions LLC grew its holdings in shares of HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after buying an additional 22 shares in the last quarter. Institutional investors and hedge funds 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.