UBS Group Upgrades HubSpot (NYSE:HUBS) to "Buy"

HubSpot (NYSE:HUBS - Get Free Report) was upgraded by investment analysts at UBS Group from a "neutral" rating to a "buy" rating in a research note issued on Tuesday, Marketbeat.com reports. The brokerage currently has a $675.00 price objective on the software maker's stock, down from their prior price objective of $775.00. UBS Group's price objective would suggest a potential upside of 25.24% from the stock's current price.

A number of other research firms also recently weighed in on HUBS. BMO Capital Markets lifted their price target on shares of HubSpot from $690.00 to $885.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Bank of America increased their target price on HubSpot from $780.00 to $850.00 and gave the stock a "buy" rating in a report on Monday, December 16th. TD Cowen downgraded HubSpot from a "buy" rating to a "hold" rating and boosted their price target for the company from $680.00 to $725.00 in a research note on Friday, January 17th. Redburn Atlantic began coverage on shares of HubSpot in a report on Wednesday, February 19th. They issued a "buy" rating on the stock. Finally, Royal Bank of Canada upped their price target on shares of HubSpot from $825.00 to $950.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $818.04.

HubSpot Price Performance

HubSpot stock traded down $5.06 during mid-day trading on Tuesday, hitting $538.98. 384,223 shares of the company's stock traded hands, compared to its average volume of 618,660. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The stock has a market cap of $28.11 billion, a price-to-earnings ratio of 5,989.35, a P/E/G ratio of 41.44 and a beta of 1.82. The firm has a 50 day simple moving average of $627.88 and a two-hundred day simple moving average of $660.10.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly 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 net margin of 0.17% and a negative return on equity of 0.07%. On average, research analysts anticipate that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the sale, the insider now directly owns 524,751 shares of the company's stock, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the sale, the chief executive officer now owns 72,373 shares in the company, valued at $41,536,312.16. This represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,882 shares of company stock worth $17,993,757 over the last three months. Company insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On HubSpot

Several hedge funds have recently added to or reduced their stakes in HUBS. B.O.S.S. Retirement Advisors LLC purchased a new stake in shares of HubSpot during the fourth quarter valued at approximately $1,361,000. Oak Harvest Investment Services purchased a new stake in HubSpot during the 4th quarter valued at $2,065,000. Donoghue Forlines LLC purchased a new stake in HubSpot during the 4th quarter valued at $2,049,000. Mayflower Financial Advisors LLC bought a new stake in shares of HubSpot in the 4th quarter worth $862,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of HubSpot by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,246 shares of the software maker's stock worth $2,262,000 after purchasing an additional 49 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

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.