HubSpot (NYSE:HUBS) Rating Increased to Strong-Buy at UBS Group

by · The Markets Daily

HubSpot (NYSE:HUBS – Get Free Report) was upgraded by equities researchers at UBS Group from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Mizuho lifted their price objective on HubSpot from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Royal Bank of Canada lifted their price target on shares of HubSpot from $825.00 to $950.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Wells Fargo & Company increased their price objective on shares of HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Truist Financial reaffirmed a “buy” rating and issued a $900.00 target price (up previously from $750.00) on shares of HubSpot in a research report on Thursday, February 13th. Finally, Citigroup increased their price target on HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus target price of $848.58.

Read Our Latest Analysis on HUBS

HubSpot Stock Down 1.2 %

Shares of NYSE HUBS traded down $6.25 during midday trading on Wednesday, hitting $512.62. The stock had a trading volume of 91,241 shares, compared to its average volume of 612,556. The company has a market cap of $26.73 billion, a P/E ratio of 5,707.07, a PEG ratio of 41.44 and a beta of 1.82. The business’s 50 day moving average is $657.04 and its 200-day moving average is $659.76. HubSpot has a 52 week low of $434.84 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS – Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, analysts expect that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 2,382 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the completion of the transaction, the chief executive officer now owns 72,373 shares in the company, valued at $41,536,312.16. The trade was a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the sale, the insider now owns 524,751 shares in the company, 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 quarter, insiders sold 19,382 shares of company stock valued at $13,415,657. Insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Elequin Capital LP purchased a new stake in shares of HubSpot in the fourth quarter valued at approximately $27,000. Larson Financial Group LLC boosted its stake in shares of HubSpot by 168.8% in the fourth 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 grew its holdings in shares of HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after buying an additional 19 shares in the last quarter. Coppell Advisory Solutions LLC boosted its position in HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock worth $32,000 after acquiring an additional 22 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in HubSpot during the 3rd quarter valued at about $25,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Company Profile

(Get Free Report)

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.

Further Reading