HubSpot (NYSE:HUBS) Upgraded by Stephens to Strong-Buy Rating

Stephens upgraded shares of HubSpot (NYSE:HUBS) to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

Several other equities analysts also recently weighed in on HUBS. Stifel Nicolaus lifted their target price on shares of HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Oppenheimer raised their price objective on shares of HubSpot from $850.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. BMO Capital Markets raised their price objective 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. Mizuho raised their price objective on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Canaccord Genuity Group raised their price objective on shares of HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and an average target price of $860.00.

HubSpot Stock Performance

NYSE HUBS opened at $603.92 on Tuesday. HubSpot has a 52-week low of $434.84 and a 52-week high of $881.13. The company has a 50-day simple moving average of $719.54 and a 200 day simple moving average of $653.69. The company has a market capitalization of $31.50 billion, a PE ratio of 6,710.96, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80.

HubSpot (NYSE:HUBS) last posted its 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 negative return on equity of 0.07% and a net margin of 0.17%. As a group, analysts forecast that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Transactions at HubSpot

In other news, Director Lorrie M. Norrington sold 572 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $721.60, for a total value of $412,755.20. Following the completion of the sale, the director now directly owns 1,125 shares in the company, valued at approximately $811,800. The trade was a 33.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the business’s 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 completion of the sale, the insider now owns 524,751 shares of the company’s stock, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,997 shares of company stock worth $16,260,831. 4.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HUBS. Norges Bank purchased a new position in shares of HubSpot in the fourth quarter worth $420,345,000. Wellington Management Group LLP increased its stake 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 worth $745,410,000 after buying an additional 480,796 shares during the period. Raymond James Financial Inc. purchased a new position in shares of HubSpot in the fourth quarter worth $157,019,000. Wealthfront Advisers LLC increased its stake in shares of HubSpot by 3,090.2% in the fourth quarter. Wealthfront Advisers LLC now owns 133,543 shares of the software maker’s stock worth $93,049,000 after buying an additional 129,357 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in shares of HubSpot in the fourth quarter worth $79,135,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.