UBS Group Upgrades HubSpot (NYSE:HUBS) to “Strong-Buy”

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

Several other brokerages have also recently issued reports on HUBS. Truist Financial reaffirmed a “buy” rating and issued a $750.00 target price (up from $600.00) on shares of HubSpot in a report on Friday, November 8th. Canaccord Genuity Group upped their price objective on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Bank of America raised their target price on shares of HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a report on Monday. Evercore ISI boosted their price target on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada increased their price objective on shares of HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $702.23.

HubSpot Price Performance

Shares of NYSE HUBS traded up $2.78 during mid-day trading on Monday, reaching $709.80. The company’s stock had a trading volume of 7,744 shares, compared to its average volume of 583,412. The stock has a fifty day moving average of $649.79 and a two-hundred day moving average of $567.01. The firm has a market capitalization of $36.64 billion, a PE ratio of -2,628.79, a P/E/G ratio of 88.26 and a beta of 1.70. HubSpot has a 52 week low of $434.84 and a 52 week high of $762.47.

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

Insider Transactions at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 115 shares of HubSpot stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares of the company’s stock, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the transaction, the insider now directly owns 513,698 shares in the company, valued at approximately $339,857,459.82. The trade was a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,390 shares of company stock valued at $29,126,596. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. HM Payson & Co. grew its stake in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its position in HubSpot by 19.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock valued at $91,000 after buying an additional 25 shares during the last quarter. Motley Fool Asset Management LLC increased its holdings in HubSpot by 2.6% in the 3rd quarter. Motley Fool Asset Management LLC now owns 1,028 shares of the software maker’s stock worth $541,000 after buying an additional 26 shares during the period. V Square Quantitative Management LLC lifted its stake in HubSpot by 3.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock valued at $494,000 after acquiring an additional 27 shares during the period. Finally, Crewe Advisors LLC boosted its holdings in shares of HubSpot by 37.3% in the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker’s stock valued at $55,000 after acquiring an additional 28 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other 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.