HubSpot (NYSE:HUBS) Rating Increased to Strong-Buy at BTIG Research

by · The Markets Daily

BTIG Research upgraded shares of HubSpot (NYSE:HUBS – Free Report) to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on HUBS. Sanford C. Bernstein upgraded shares of HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 price objective on the stock in a report on Wednesday, September 3rd. Barclays dropped their price target on HubSpot from $675.00 to $575.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Jefferies Financial Group reduced their price objective on HubSpot from $650.00 to $560.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Rothschild & Co Redburn reissued a “neutral” rating and issued a $450.00 target price (down from $610.00) on shares of HubSpot in a report on Monday, November 10th. Finally, The Goldman Sachs Group cut their target price on HubSpot from $717.00 to $612.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $613.45.

Read Our Latest Report on HUBS

HubSpot Trading Up 4.6%

NYSE:HUBS opened at $387.43 on Tuesday. The company has a 50-day moving average price of $411.53 and a 200-day moving average price of $478.64. The stock has a market cap of $20.30 billion, a price-to-earnings ratio of -4,842.86, a P/E/G ratio of 12.56 and a beta of 1.46. HubSpot has a 12 month low of $344.41 and a 12 month high of $881.13.

HubSpot (NYSE:HUBS – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.08. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The company had revenue of $809.52 million for the quarter, compared to analysts’ expectations of $786.80 million. During the same quarter in the previous year, the company earned $2.18 earnings per share. HubSpot’s quarterly revenue was up 20.9% on a year-over-year basis. Equities analysts forecast that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Activity

In related news, CEO Yamini Rangan sold 2,387 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $500.00, for a total transaction of $1,193,500.00. Following the sale, the chief executive officer directly owned 56,277 shares of the company’s stock, valued at $28,138,500. This trade represents a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $368.11, for a total value of $3,128,935.00. Following the completion of the sale, the director owned 504,966 shares of the company’s stock, valued at $185,883,034.26. The trade was a 1.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 20,002 shares of company stock valued at $8,440,150 over the last ninety days. 4.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HUBS. FNY Investment Advisers LLC purchased a new stake in HubSpot in the third quarter worth approximately $140,000. Allworth Financial LP lifted its holdings in shares of HubSpot by 73.8% during the 3rd quarter. Allworth Financial LP now owns 478 shares of the software maker’s stock valued at $224,000 after buying an additional 203 shares during the period. Swiss Life Asset Management Ltd lifted its holdings in shares of HubSpot by 10.6% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 7,733 shares of the software maker’s stock valued at $3,617,000 after buying an additional 738 shares during the period. Groupama Asset Managment boosted its stake in shares of HubSpot by 2.9% in the 3rd quarter. Groupama Asset Managment now owns 62,664 shares of the software maker’s stock worth $29,314,000 after buying an additional 1,763 shares during the last quarter. Finally, Strategic Advocates LLC bought a new stake in shares of HubSpot in the third quarter worth $25,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Company Profile

(Get Free Report)

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.

Read More