HubSpot (NYSE:HUBS) Raised to "Strong-Buy" at UBS Group

UBS Group upgraded shares of HubSpot (NYSE:HUBS - Free Report) from a hold rating to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.

HUBS has been the subject of a number of other reports. Royal Bank of Canada lifted their price target on HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Evercore ISI lifted their target price on HubSpot from $610.00 to $700.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. Piper Sandler downgraded HubSpot from an "overweight" rating to a "neutral" rating and boosted their price target for the company from $570.00 to $640.00 in a report on Thursday, November 7th. Barclays raised their price objective on HubSpot from $500.00 to $650.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company boosted their target price on shares of HubSpot from $625.00 to $750.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $702.23.

HubSpot Trading Down 0.6 %

NYSE HUBS traded down $4.57 during mid-day trading on Monday, reaching $702.45. 590,312 shares of the company's stock traded hands, compared to its average volume of 585,807. HubSpot has a 1-year low of $434.84 and a 1-year high of $762.47. The company has a fifty day simple moving average of $652.76 and a 200-day simple moving average of $567.95. The company has a market cap of $36.26 billion, a price-to-earnings ratio of -2,601.57, a P/E/G ratio of 88.26 and a beta of 1.70.

HubSpot (NYSE:HUBS - Get Free Report) last released its earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating the consensus estimate of $1.91 by $0.27. The company had revenue of $669.72 million during the quarter, compared to analysts' expectations of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business's revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) EPS. Equities research analysts forecast that HubSpot will post 0.4 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Yamini Rangan sold 1,507 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total value of $792,440.88. Following the completion of the transaction, the chief executive officer now directly owns 62,668 shares in the company, valued at $32,953,341.12. This trade represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $729.65, for a total value of $6,202,025.00. Following the sale, the insider now directly owns 513,698 shares in the company, valued at approximately $374,819,745.70. The trade was a 1.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,890 shares of company stock valued at $53,825,871. Company insiders own 4.50% of the company's stock.

Institutional Trading of HubSpot

Several institutional investors have recently modified their holdings of the company. Wellington Management Group LLP raised its position in HubSpot by 52.2% in the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker's stock worth $745,410,000 after acquiring an additional 480,796 shares in the last quarter. Fred Alger Management LLC grew its stake in shares of HubSpot by 516.2% in the 2nd quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker's stock worth $96,307,000 after purchasing an additional 136,793 shares during the last quarter. International Assets Investment Management LLC grew 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 purchasing an additional 126,462 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of HubSpot by 88.7% in the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker's stock worth $142,468,000 after purchasing an additional 113,555 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in HubSpot by 17.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker's stock valued at $303,689,000 after purchasing an additional 86,688 shares during 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.