UBS Group Initiates Coverage on HubSpot (NYSE:HUBS)


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Analysts at UBS Group started coverage on shares of HubSpot (NYSE:HUBS) in a research note issued to investors on Thursday, The Fly reports. The brokerage set a “buy” rating and a $600.00 price target on the software maker’s stock. UBS Group’s price objective points to a potential upside of 23.71% from the company’s current price.

Several other brokerages have also recently weighed in on HUBS. Needham & Company LLC raised their price objective on HubSpot from $400.00 to $520.00 and gave the company a “buy” rating in a report on Friday, February 12th. Argus raised their price objective on HubSpot from $435.00 to $625.00 and gave the company a “buy” rating in a report on Monday, March 1st. Cannonball Research lifted their price target on HubSpot from $420.00 to $560.00 in a report on Friday, February 12th. Cowen lifted their price target on HubSpot from $400.00 to $510.00 in a report on Friday, February 12th. Finally, BMO Capital Markets initiated coverage on HubSpot in a report on Friday, January 22nd. They set an “outperform” rating and a $470.00 price target for the company. One equities research analyst has rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $459.96.

Shares of NYSE HUBS opened at $485.00 on Thursday. The stock has a market capitalization of $22.47 billion, a price-to-earnings ratio of -267.95 and a beta of 1.78. The business has a 50-day moving average of $478.91 and a 200-day moving average of $392.92. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.65 and a quick ratio of 3.65. HubSpot has a fifty-two week low of $129.00 and a fifty-two week high of $547.47.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Thursday, February 11th. The software maker reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $0.82. The company had revenue of $252.07 million during the quarter, compared to analysts’ expectations of $236.36 million. HubSpot had a negative return on equity of 4.76% and a negative net margin of 9.78%. On average, sell-side analysts expect that HubSpot will post -1.36 EPS for the current year.

In other news, insider Yamini Rangan sold 2,106 shares of HubSpot stock in a transaction that occurred on Tuesday, April 6th. The shares were sold at an average price of $468.60, for a total value of $986,871.60. Following the completion of the sale, the insider now directly owns 52,216 shares in the company, valued at $24,468,417.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, January 19th. The shares were sold at an average price of $386.35, for a total transaction of $3,283,975.00. Following the completion of the sale, the chief executive officer now owns 657,119 shares of the company’s stock, valued at $253,877,925.65. The disclosure for this sale can be found here. Insiders have sold 39,106 shares of company stock valued at $18,691,502 over the last 90 days. Company insiders own 8.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Benedict Financial Advisors Inc. acquired a new stake in shares of HubSpot in the fourth quarter valued at approximately $204,000. Federated Hermes Inc. raised its position in shares of HubSpot by 39.7% in the fourth quarter. Federated Hermes Inc. now owns 68,115 shares of the software maker’s stock valued at $27,004,000 after buying an additional 19,359 shares in the last quarter. Cresset Asset Management LLC raised its position in shares of HubSpot by 4.8% in the fourth quarter. Cresset Asset Management LLC now owns 3,892 shares of the software maker’s stock valued at $1,543,000 after buying an additional 177 shares in the last quarter. Westpac Banking Corp acquired a new stake in shares of HubSpot in the fourth quarter valued at approximately $1,397,000. Finally, Achmea Investment Management B.V. acquired a new position in HubSpot during the fourth quarter valued at approximately $1,325,000. Institutional investors own 89.84% of the company’s stock.

HubSpot Company Profile

HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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Analyst Recommendations for HubSpot (NYSE:HUBS)

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