HubSpot (NYSE:HUBS) Upgraded at UBS Group

UBS Group upgraded shares of HubSpot (NYSE:HUBS) from a neutral rating to a buy rating in a research note released on Tuesday morning, Marketbeat reports. The firm currently has $675.00 price target on the software maker’s stock, down from their prior price target of $775.00.

Several other equities analysts have also issued reports on the company. Bank of America boosted their price target on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Canaccord Genuity Group raised their target price on HubSpot from $710.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Wells Fargo & Company boosted their price target on shares of HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Citigroup raised their price objective on shares of HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Royal Bank of Canada lifted their target price on shares of HubSpot from $825.00 to $950.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $818.04.

HubSpot Stock Performance

NYSE HUBS opened at $538.98 on Tuesday. The stock has a 50-day simple moving average of $632.79 and a 200 day simple moving average of $659.01. HubSpot has a twelve month low of $434.84 and a twelve month high of $881.13. The stock has a market capitalization of $28.11 billion, a PE ratio of 5,989.35, a P/E/G ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share 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%. As a group, equities research analysts forecast that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the completion of the sale, the insider now owns 525,687 shares of the company’s stock, valued at approximately $283,135,018.20. The trade was a 1.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the transaction, the chief executive officer now directly owns 72,373 shares in the company, valued at approximately $41,536,312.16. This trade represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,882 shares of company stock worth $17,993,757 over the last 90 days. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HUBS. Wilmington Savings Fund Society FSB acquired a new stake in shares of HubSpot in the 3rd quarter valued at approximately $25,000. Elequin Capital LP bought a new stake in HubSpot in the fourth quarter valued at approximately $27,000. Larson Financial Group LLC raised its holdings in HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after purchasing an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after purchasing an additional 19 shares in the last quarter. Finally, Coppell Advisory Solutions LLC grew its holdings in shares of HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock valued at $32,000 after buying an additional 22 shares during the period. Institutional investors own 90.39% of the company’s stock.

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.