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

HubSpot (NYSE:HUBS) was upgraded by Stephens to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other research firms have also recently issued reports on HUBS. Citigroup upped their price target on shares of HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. BMO Capital Markets increased their target price on shares of HubSpot from $690.00 to $885.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. increased their target price on shares of HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. KeyCorp raised shares of 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, February 13th. Finally, William Blair reissued an “outperform” rating on shares of HubSpot in a report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $860.00.

HubSpot Price Performance

HUBS opened at $603.92 on Tuesday. The stock has a market capitalization of $31.50 billion, a PE ratio of 6,710.96, a P/E/G ratio of 41.44 and a beta of 1.80. The firm’s fifty day moving average price is $719.54 and its 200 day moving average price is $653.69. HubSpot has a 12-month low of $434.84 and a 12-month high of $881.13.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results 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%. On average, equities research analysts forecast that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now owns 524,751 shares in the company, valued at approximately $425,048,310. This trade represents a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lorrie M. Norrington sold 572 shares of the firm’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $721.60, for a total transaction of $412,755.20. Following the transaction, the director now owns 1,125 shares of the company’s stock, valued at approximately $811,800. This trade represents a 33.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,997 shares of company stock worth $16,260,831. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of HubSpot

A number of hedge funds have recently made changes to their positions in HUBS. Victory Capital Management Inc. lifted its position in shares of HubSpot by 1.7% in the third quarter. Victory Capital Management Inc. now owns 24,620 shares of the software maker’s stock worth $13,088,000 after purchasing an additional 416 shares in the last quarter. CIBC Asset Management Inc raised its position in HubSpot by 5.2% during the third 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 in the last quarter. Thrivent Financial for Lutherans grew 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 grew its holdings in HubSpot by 125.6% during the third quarter. Quest Partners LLC now owns 871 shares of the software maker’s stock valued at $463,000 after purchasing an additional 485 shares during the last quarter. Finally, Caprock Group LLC grew its holdings in HubSpot by 16.8% during the third quarter. Caprock Group LLC now owns 673 shares of the software maker’s stock valued at $358,000 after purchasing an additional 97 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Company Profile

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.