HubSpot (NYSE:HUBS) Upgraded at Zacks Research

Zacks Research upgraded shares of HubSpot (NYSE:HUBS) from a strong sell rating to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

A number of other research firms have also issued reports on HUBS. Weiss Ratings reissued a “sell (e+)” rating on shares of HubSpot in a report on Friday, January 9th. Wells Fargo & Company cut their price objective on shares of HubSpot from $600.00 to $350.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Royal Bank Of Canada reduced their target price on shares of HubSpot from $800.00 to $400.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. JPMorgan Chase & Co. cut their price target on shares of HubSpot from $650.00 to $530.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Finally, Stifel Nicolaus dropped their target price on HubSpot from $550.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and an average target price of $452.70.

HubSpot Stock Performance

NYSE HUBS opened at $239.36 on Tuesday. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of 275.13, a PEG ratio of 3.71 and a beta of 1.44. The firm has a 50 day simple moving average of $326.43 and a 200-day simple moving average of $404.67. HubSpot has a one year low of $207.20 and a one year high of $766.63.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 EPS for the quarter, topping the consensus estimate of $2.99 by $0.10. The business had revenue of $846.75 million during the quarter, compared to the consensus estimate of $830.65 million. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.32 earnings per share. Equities analysts predict that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Activity at HubSpot

In related news, insider Erika Ashley Fisher sold 841 shares of HubSpot stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total value of $200,166.41. Following the completion of the sale, the insider owned 10,119 shares in the company, valued at approximately $2,408,423.19. The trade was a 7.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Halligan sold 8,261 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $253.00, for a total value of $2,090,033.00. Following the sale, the director owned 481,168 shares in the company, valued at $121,735,504. The trade was a 1.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,691 shares of company stock worth $8,136,702 over the last 90 days. 4.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of HubSpot by 6.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock worth $2,683,659,000 after acquiring an additional 345,524 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of HubSpot by 36.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,581,922 shares of the software maker’s stock worth $1,838,727,000 after buying an additional 1,224,424 shares during the period. Pictet Asset Management Holding SA boosted its stake in HubSpot by 32.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,935,587 shares of the software maker’s stock worth $776,714,000 after purchasing an additional 476,740 shares during the period. State Street Corp boosted its position in shares of HubSpot by 3.7% in the fourth quarter. State Street Corp now owns 1,191,843 shares of the software maker’s stock worth $478,287,000 after buying an additional 42,948 shares during the period. Finally, AQR Capital Management LLC boosted its position in HubSpot by 117.6% during the 4th quarter. AQR Capital Management LLC now owns 1,188,981 shares of the software maker’s stock worth $477,138,000 after acquiring an additional 642,545 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

About HubSpot

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.