HubSpot (NYSE:HUBS) Rating Increased to Strong-Buy at Zacks Research

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

Several other equities analysts have also recently weighed in on HUBS. KeyCorp lowered their price objective on shares of HubSpot from $400.00 to $340.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Piper Sandler lowered their price target on HubSpot from $400.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Argus reduced their price objective on HubSpot from $650.00 to $525.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Bank of America decreased their price objective on HubSpot from $640.00 to $515.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Finally, Oppenheimer dropped their target price on HubSpot from $550.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and a consensus price target of $452.70.

HubSpot Stock Up 1.1%

Shares of NYSE HUBS opened at $249.93 on Tuesday. The business has a fifty day simple moving average of $329.38 and a 200-day simple moving average of $405.83. The company has a market cap of $13.18 billion, a price-to-earnings ratio of 287.27, a P/E/G ratio of 3.67 and a beta of 1.44. HubSpot has a 12 month low of $207.20 and a 12 month high of $803.31.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 11th. The software maker reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. The company had revenue of $846.75 million during the quarter, compared to analyst estimates of $830.65 million. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.32 earnings per share. As a group, sell-side analysts expect that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the transaction, the director owned 487,344 shares in the company, valued at approximately $147,850,422.72. This trade represents a 1.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Erika Ashley Fisher sold 841 shares of HubSpot stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the sale, the insider directly owned 10,119 shares of the company’s stock, valued at approximately $2,408,423.19. The trade was a 7.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,430 shares of company stock valued at $6,046,669 over the last quarter. Corporate insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several hedge funds have recently modified their holdings of HUBS. Price T Rowe Associates Inc. MD raised its stake in HubSpot by 36.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,581,922 shares of the software maker’s stock valued at $1,838,727,000 after purchasing an additional 1,224,424 shares during the last quarter. Jennison Associates LLC grew its position in HubSpot by 548.6% in the 2nd quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock worth $442,341,000 after purchasing an additional 672,158 shares during the last quarter. Capital World Investors bought a new position in shares of HubSpot during the 4th quarter worth about $259,930,000. AQR Capital Management LLC raised its position in shares of HubSpot by 117.6% during the fourth quarter. AQR Capital Management LLC now owns 1,188,981 shares of the software maker’s stock valued at $477,138,000 after buying an additional 642,545 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of HubSpot in the second quarter valued at about $269,941,000. 90.39% of the stock is owned by institutional investors.

HubSpot Company Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.