HubSpot (NYSE:HUBS) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of HubSpot (NYSE:HUBS) from a hold rating to a buy rating in a report issued on Friday morning.

Other analysts have also recently issued research reports about the company. TD Cowen cut HubSpot from a “buy” rating to a “hold” rating and increased their target price for the stock from $680.00 to $725.00 in a report on Friday, January 17th. KeyCorp upgraded HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 target price on the stock in a report on Thursday. Citigroup increased their target price on HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday. Oppenheimer increased their target price on HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, The Goldman Sachs Group increased their target price on HubSpot from $783.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $857.75.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $812.44 on Friday. The business’s fifty day moving average price is $734.12 and its two-hundred day moving average price is $619.11. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The stock has a market capitalization of $41.94 billion, a price-to-earnings ratio of -3,008.92, a price-to-earnings-growth ratio of 43.94 and a beta of 1.72.

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

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the sale, the chief executive officer now owns 61,179 shares of the company’s stock, valued at $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total value of $18,497,250.00. Following the sale, the chief technology officer now directly owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. This represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,112 shares of company stock valued at $51,432,627. 4.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HubSpot

A number of hedge funds have recently modified their holdings of HUBS. Creative Planning raised its position in shares of HubSpot by 10.7% during the third quarter. Creative Planning now owns 6,706 shares of the software maker’s stock worth $3,565,000 after purchasing an additional 650 shares during the period. Swedbank AB raised its position in shares of HubSpot by 1.7% during the third quarter. Swedbank AB now owns 26,361 shares of the software maker’s stock worth $14,014,000 after purchasing an additional 441 shares during the period. Harbour Capital Advisors LLC raised its position in shares of HubSpot by 1.1% during the third quarter. Harbour Capital Advisors LLC now owns 8,397 shares of the software maker’s stock worth $4,543,000 after purchasing an additional 88 shares during the period. V Square Quantitative Management LLC grew its holdings in shares of HubSpot by 3.0% during the third quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker’s stock worth $494,000 after buying an additional 27 shares in the last quarter. Finally, Stonegate Investment Group LLC grew its holdings in shares of HubSpot by 2.4% during the third quarter. Stonegate Investment Group LLC now owns 4,685 shares of the software maker’s stock worth $2,491,000 after buying an additional 110 shares in 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.