HubSpot (NYSE:HUBS) Upgraded to “Buy” at Wall Street Zen

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

Several other analysts have also recently weighed in on the company. Zacks Research cut HubSpot from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Cantor Fitzgerald dropped their target price on shares of HubSpot from $775.00 to $500.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Argus cut their price target on shares of HubSpot from $650.00 to $525.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Weiss Ratings restated a “sell (e+)” rating on shares of HubSpot in a research report on Friday, January 9th. Finally, Mizuho dropped their price objective on shares of HubSpot from $700.00 to $550.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $578.13.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $232.36 on Friday. The firm has a fifty day moving average price of $352.50 and a two-hundred day moving average price of $423.88. HubSpot has a one year low of $223.01 and a one year high of $881.13. The company has a market cap of $12.17 billion, a price-to-earnings ratio of -2,904.50, a PEG ratio of 5.31 and a beta of 1.44.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.08. The firm 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 business’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.18 earnings per share. Equities research analysts expect that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In other news, insider Erika Ashley Fisher sold 841 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the transaction, the insider directly owned 10,119 shares of the company’s stock, valued at approximately $2,408,423.19. This represents a 7.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total value of $2,578,730.00. Following the completion of the sale, the director directly owned 487,344 shares in the company, valued at $147,850,422.72. The trade was a 1.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,930 shares of company stock valued at $9,175,604 in the last three months. 4.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HubSpot

Several institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC raised its holdings in shares of HubSpot by 88.5% during the first quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock valued at $897,000 after acquiring an additional 737 shares in the last quarter. QRG Capital Management Inc. increased its position in HubSpot by 5.9% during the 2nd quarter. QRG Capital Management Inc. now owns 434 shares of the software maker’s stock valued at $242,000 after purchasing an additional 24 shares during the period. Maryland State Retirement & Pension System lifted its position in shares of HubSpot by 8.2% in the 2nd quarter. Maryland State Retirement & Pension System now owns 2,471 shares of the software maker’s stock worth $1,375,000 after purchasing an additional 187 shares during the period. Callan Family Office LLC purchased a new stake in shares of HubSpot in the 2nd quarter worth about $1,681,000. Finally, Blue Trust Inc. boosted its stake in shares of HubSpot by 24.4% during the 2nd quarter. Blue Trust Inc. now owns 862 shares of the software maker’s stock valued at $480,000 after purchasing an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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.