KeyCorp Upgrades HubSpot (NYSE:HUBS) to Overweight

HubSpot (NYSE:HUBS) was upgraded by KeyCorp from a “sector weight” rating to an “overweight” rating in a research note issued to investors on Thursday,Briefing.com Automated Import reports. The brokerage currently has a $920.00 target price on the software maker’s stock. KeyCorp’s price target points to a potential upside of 17.22% from the company’s previous close.

HUBS has been the topic of a number of other reports. Bank of America lifted their price objective on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a report on Monday, December 16th. Oppenheimer boosted their price target on HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Mizuho increased their price objective on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. lifted their price objective on HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Canaccord Genuity Group upped their target price on shares of HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $781.38.

HubSpot Price Performance

Shares of HUBS stock opened at $784.84 on Thursday. The stock has a market cap of $40.51 billion, a P/E ratio of -2,906.71, a price-to-earnings-growth ratio of 43.94 and a beta of 1.72. The stock has a fifty day moving average price of $732.48 and a 200 day moving average price of $617.71. HubSpot has a one year low of $434.84 and a one year high of $811.79.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. Equities research analysts anticipate that HubSpot will post 0.42 EPS for the current year.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 115 shares of the stock in a transaction that occurred 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 in the company, valued at $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the sale, the chief technology officer now directly owns 1,272,077 shares of the company’s stock, valued at $941,197,051.53. This represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,112 shares of company stock worth $51,432,627 over the last three months. 4.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HubSpot

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of HubSpot during the 3rd quarter worth about $25,000. Larson Financial Group LLC boosted its stake in HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after acquiring an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after acquiring an additional 19 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in HubSpot during the fourth quarter valued at approximately $35,000. Finally, HM Payson & Co. increased its stake in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares in the last quarter. Institutional investors 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.