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 sent to investors on Monday morning,Zacks.com reports.

Several other research firms also recently weighed in on HUBS. JPMorgan Chase & Co. lifted their price objective on HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Bank of America boosted their price objective on shares of HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research note on Monday. Royal Bank of Canada increased their target price on HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Stifel Nicolaus upped their price objective on HubSpot from $750.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, BMO Capital Markets increased their price target on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus target price of $702.23.

HubSpot Price Performance

Shares of HubSpot stock traded down $11.48 during trading on Monday, hitting $695.54. The stock had a trading volume of 141,495 shares, compared to its average volume of 583,880. HubSpot has a 12 month low of $434.84 and a 12 month high of $762.47. The stock has a market cap of $35.91 billion, a PE ratio of -2,575.98, a PEG ratio of 88.26 and a beta of 1.70. The firm’s fifty day simple moving average is $649.79 and its 200-day simple moving average is $567.01.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same period last year, the company earned ($0.04) earnings per share. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. Analysts expect that HubSpot will post 0.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the sale, the insider now owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. The trade was a 1.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Yamini Rangan sold 115 shares of the business’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 sale, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at $43,668,958.41. This represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,390 shares of company stock valued at $29,126,596. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several institutional investors and hedge funds have recently added to or reduced their stakes in HUBS. Wellington Management Group LLP grew its position in shares of HubSpot by 52.2% in the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after purchasing an additional 480,796 shares in the last quarter. Fred Alger Management LLC grew its holdings in HubSpot by 516.2% in the 2nd quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker’s stock valued at $96,307,000 after buying an additional 136,793 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of HubSpot by 214,342.4% in the 3rd quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock worth $672,590,000 after acquiring an additional 126,462 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of HubSpot by 88.7% during the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock worth $142,468,000 after acquiring an additional 113,555 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of HubSpot by 17.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock valued at $303,689,000 after acquiring an additional 86,688 shares during the last quarter. Institutional investors and hedge funds 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.