HubSpot (NYSE:HUBS) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of HubSpot (NYSE:HUBS) from a hold rating to a buy rating in a research note issued to investors on Saturday.

A number of other research analysts have also recently issued reports on the company. Cantor Fitzgerald cut their price objective on HubSpot from $775.00 to $500.00 and set an “overweight” rating for the company in a report on Friday, November 7th. BMO Capital Markets reduced their price target on shares of HubSpot from $465.00 to $385.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Weiss Ratings restated a “sell (e+)” rating on shares of HubSpot in a research report on Friday, January 9th. JPMorgan Chase & Co. reduced their price objective on HubSpot from $675.00 to $650.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Finally, Citigroup lowered their target price on HubSpot from $660.00 to $600.00 and set a “buy” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $578.13.

HubSpot Price Performance

Shares of HubSpot stock opened at $232.36 on Friday. The company’s fifty day moving average price is $352.50 and its two-hundred day moving average price is $422.99. The firm has a market capitalization of $12.17 billion, a PE ratio of -2,904.50, a price-to-earnings-growth ratio of 5.52 and a beta of 1.44. HubSpot has a 52-week low of $223.01 and a 52-week high of $881.13.

HubSpot (NYSE:HUBS) last posted its earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.08. The business had revenue of $809.52 million for the quarter, compared to analysts’ expectations of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.18 earnings per share. Analysts predict that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

In other news, insider Erika Ashley Fisher sold 841 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total value of $200,166.41. Following the transaction, the insider owned 10,119 shares of the company’s stock, valued at approximately $2,408,423.19. This trade represents a 7.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the sale, the director directly owned 487,344 shares of the company’s stock, valued at approximately $147,850,422.72. This trade represents a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 26,930 shares of company stock valued at $9,175,604. Corporate insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans increased its holdings in HubSpot by 23.7% during the third quarter. Thrivent Financial for Lutherans now owns 23,789 shares of the software maker’s stock worth $11,128,000 after buying an additional 4,559 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in HubSpot in the third quarter valued at $48,548,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of HubSpot by 19.2% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,533 shares of the software maker’s stock valued at $5,306,000 after acquiring an additional 1,533 shares during the period. Nordea Investment Management AB increased its stake in shares of HubSpot by 34.9% during the 3rd quarter. Nordea Investment Management AB now owns 21,638 shares of the software maker’s stock worth $10,148,000 after purchasing an additional 5,595 shares during the last quarter. Finally, Triasima Portfolio Management inc. acquired a new position in shares of HubSpot during the 3rd quarter worth about $2,079,000. 90.39% of the stock is currently 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.