HubSpot (NYSE:HUBS) Raised to Strong-Buy at Stephens

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

HUBS has been the topic of a number of other reports. Citigroup upped their price target on HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Stifel Nicolaus upped their target price on HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. increased their target price on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Redburn Atlantic started coverage on shares of HubSpot in a research note on Wednesday, February 19th. They set a “buy” rating for the company. Finally, UBS Group raised shares of HubSpot from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th. Five analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $853.32.

HubSpot Stock Down 1.3 %

Shares of HUBS stock opened at $596.87 on Tuesday. The firm has a 50 day moving average of $717.30 and a 200-day moving average of $653.29. The company has a market cap of $31.13 billion, a price-to-earnings ratio of 6,632.60, a price-to-earnings-growth ratio of 41.44 and a beta of 1.80. HubSpot has a 52 week low of $434.84 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results 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 0.07% and a net margin of 0.17%. Analysts anticipate that HubSpot will post 1.01 earnings per share for the current year.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the completion of the transaction, the chief executive officer now directly owns 54,079 shares of the company’s stock, valued at $37,941,285.61. This represents a 5.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the sale, the insider now directly owns 527,233 shares in the company, valued at $320,283,502.84. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,425 shares of company stock worth $15,866,151 in the last ninety days. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Several institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. lifted its position in shares of HubSpot by 1.7% during the 3rd quarter. Victory Capital Management Inc. now owns 24,620 shares of the software maker’s stock valued at $13,088,000 after buying an additional 416 shares during the last quarter. CIBC Asset Management Inc raised its stake in HubSpot by 5.2% in the 3rd quarter. CIBC Asset Management Inc now owns 1,890 shares of the software maker’s stock valued at $1,005,000 after acquiring an additional 93 shares during the period. Thrivent Financial for Lutherans lifted its holdings in HubSpot by 10.8% during the third quarter. Thrivent Financial for Lutherans now owns 33,559 shares of the software maker’s stock valued at $17,840,000 after purchasing an additional 3,270 shares during the last quarter. Quest Partners LLC boosted its position in HubSpot by 125.6% during the third quarter. Quest Partners LLC now owns 871 shares of the software maker’s stock worth $463,000 after purchasing an additional 485 shares during the period. Finally, Caprock Group LLC boosted its position in HubSpot by 16.8% during the third quarter. Caprock Group LLC now owns 673 shares of the software maker’s stock worth $358,000 after purchasing an additional 97 shares during the period. 90.39% of the stock is owned by 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.