HubSpot (NYSE:HUBS) Upgraded at UBS Group

UBS Group upgraded shares of HubSpot (NYSE:HUBS) from a hold rating to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Canaccord Genuity Group upped their price target on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Truist Financial reiterated a “buy” rating and issued a $750.00 price objective (up previously from $600.00) on shares of HubSpot in a report on Friday, November 8th. Royal Bank of Canada raised their target price on HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group increased their price target on shares of HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Four equities 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $702.23.

HubSpot Stock Performance

Shares of NYSE HUBS traded down $5.79 during mid-day trading on Monday, reaching $701.23. 275,634 shares of the company’s stock were exchanged, compared to its average volume of 584,100. The company’s 50-day moving average is $649.79 and its 200-day moving average is $567.01. The firm has a market capitalization of $36.20 billion, a price-to-earnings ratio of -2,597.05, a PEG 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 announced its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.27. The company had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. HubSpot’s revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.04) earnings per share. As a group, equities analysts predict that HubSpot will post 0.4 earnings per share for the current fiscal year.

Insider Buying and Selling at HubSpot

In related news, CFO Kathryn Bueker sold 1,136 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $597,354.24. Following the completion of the sale, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at $21,695,632.56. This represents a 2.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Yamini Rangan sold 1,507 shares of HubSpot stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $792,440.88. Following the transaction, the chief executive officer now directly owns 62,668 shares in the company, valued at approximately $32,953,341.12. This trade represents a 2.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,390 shares of company stock worth $29,126,596 over the last three months. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several large investors have recently modified their holdings of HUBS. HM Payson & Co. boosted its stake in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after purchasing an additional 18 shares during the period. Hazlett Burt & Watson Inc. raised its holdings in shares of 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 boosted its stake in shares of HubSpot by 2.6% during the third 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 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 during the last quarter. Finally, Crewe Advisors LLC increased its position in 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 period. 90.39% of the stock is owned by institutional investors and hedge funds.

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.