HubSpot (NYSE:HUBS) Stock Rating Upgraded by StockNews.com

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

A number of other research analysts have also recently issued reports on HUBS. Mizuho lifted their price objective on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Raymond James lifted their price target on HubSpot from $750.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday. Evercore ISI raised their target price on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Morgan Stanley upped their price target on HubSpot from $835.00 to $898.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Piper Sandler raised their price objective on HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $863.96.

HubSpot Price Performance

Shares of HubSpot stock opened at $812.44 on Friday. The business has a 50-day simple moving average of $735.53 and a 200 day simple moving average of $621.29. HubSpot has a one year low of $434.84 and a one year high of $881.13. The firm has a market capitalization of $41.94 billion, a price-to-earnings ratio of -3,008.92, a PEG ratio of 43.94 and a beta of 1.72.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 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 expect that HubSpot will post 0.42 EPS for the current year.

Insiders Place Their Bets

In other news, Director Lorrie M. Norrington sold 572 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $690.00, for a total value of $394,680.00. Following the completion of the transaction, the director now directly owns 1,697 shares of the company’s stock, valued at $1,170,930. This trade represents a 25.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the transaction, the insider now owns 513,698 shares of the company’s stock, valued at approximately $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 quarter. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV lifted its holdings in shares of HubSpot by 28.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,087 shares of the software maker’s stock worth $1,454,000 after buying an additional 463 shares in the last quarter. Comerica Bank lifted its stake in HubSpot by 3.7% in the 4th quarter. Comerica Bank now owns 13,886 shares of the software maker’s stock worth $9,675,000 after purchasing an additional 501 shares in the last quarter. AQR Capital Management LLC boosted its holdings in HubSpot by 19.2% in the 4th quarter. AQR Capital Management LLC now owns 208,237 shares of the software maker’s stock valued at $145,094,000 after purchasing an additional 33,566 shares during the period. Lido Advisors LLC grew its position in shares of HubSpot by 78.8% during the 4th quarter. Lido Advisors LLC now owns 1,976 shares of the software maker’s stock valued at $1,377,000 after purchasing an additional 871 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of HubSpot by 18.0% in the fourth quarter. Northern Trust Corp now owns 345,535 shares of the software maker’s stock worth $240,758,000 after purchasing an additional 52,792 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

About HubSpot

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.