HubSpot (NYSE:HUBS) Raised to “Buy” at StockNews.com

HubSpot (NYSE:HUBS) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

A number of other research analysts also recently commented on HUBS. Needham & Company LLC boosted their price target on HubSpot from $730.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup boosted their target price on shares of HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. The Goldman Sachs Group lifted their price objective on shares of HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday. Raymond James upped their target price on HubSpot from $750.00 to $980.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Stifel Nicolaus lifted their price target on HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $863.96.

HubSpot Stock Down 0.9 %

Shares of HubSpot stock opened at $812.44 on Friday. The company has a 50-day simple moving average of $735.53 and a two-hundred day simple moving average of $621.29. HubSpot has a twelve month low of $434.84 and a twelve month high of $881.13. The stock has a market capitalization of $41.94 billion, a price-to-earnings ratio of -3,008.92, a price-to-earnings-growth ratio of 43.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last issued 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 negative net margin of 0.56% and a negative return on equity of 1.16%. On average, sell-side analysts anticipate that HubSpot will post 0.42 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In other news, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total value of $16,815,500.00. Following the completion of the sale, the chief technology officer now owns 1,323,145 shares of the company’s stock, valued at approximately $889,973,789.90. This represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the transaction, the insider now owns 513,698 shares of the company’s stock, valued at $339,857,459.82. This trade represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,112 shares of company stock worth $51,432,627 over the last three months. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several large investors have recently modified their holdings of HUBS. Wellington Management Group LLP boosted its position in HubSpot by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 1,477,190 shares of the software maker’s stock valued at $1,029,262,000 after acquiring an additional 74,990 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of HubSpot by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 830,405 shares of the software maker’s stock valued at $577,572,000 after purchasing an additional 9,922 shares in the last quarter. Groupama Asset Managment boosted its position in shares of HubSpot by 3.8% during the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker’s stock valued at $506,412,000 after purchasing an additional 26,799 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in HubSpot by 18.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker’s stock worth $471,068,000 after purchasing an additional 104,800 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in HubSpot by 3.8% in the fourth quarter. Bank of New York Mellon Corp now owns 674,523 shares of the software maker’s stock valued at $469,987,000 after buying an additional 24,799 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.