Zacks Research Upgrades HubSpot (NYSE:HUBS) to Strong-Buy

HubSpot (NYSE:HUBS) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

HUBS has been the subject of a number of other research reports. Cantor Fitzgerald cut their price target on shares of HubSpot from $500.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Royal Bank Of Canada cut their target price on HubSpot from $800.00 to $400.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. Rothschild & Co Redburn lowered HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Truist Financial dropped their price objective on HubSpot from $650.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Finally, Bank of America cut their price objective on HubSpot from $640.00 to $515.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, HubSpot currently has a consensus rating of “Moderate Buy” and a consensus target price of $452.70.

HubSpot Trading Up 1.1%

Shares of NYSE HUBS opened at $249.93 on Tuesday. The business has a fifty day simple moving average of $329.38 and a 200 day simple moving average of $405.83. The firm has a market capitalization of $13.18 billion, a price-to-earnings ratio of 287.27, a PEG ratio of 3.67 and a beta of 1.44. HubSpot has a one year low of $207.20 and a one year high of $803.31.

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

Insider Transactions at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The shares were 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 owned 487,344 shares in the company, valued at approximately $147,850,422.72. This trade represents a 1.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Erika Ashley Fisher sold 841 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41. Following the transaction, the insider owned 10,119 shares in the company, valued at $2,408,423.19. The trade was a 7.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 18,430 shares of company stock valued at $6,046,669 over the last ninety days. 4.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans grew its stake in shares of HubSpot by 23.7% in the third quarter. Thrivent Financial for Lutherans now owns 23,789 shares of the software maker’s stock valued at $11,128,000 after buying an additional 4,559 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in HubSpot in the third quarter valued at $48,548,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of HubSpot by 19.2% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,533 shares of the software maker’s stock valued at $5,306,000 after acquiring an additional 1,533 shares during the period. Nordea Investment Management AB increased its stake in shares of HubSpot by 34.9% during the 3rd quarter. Nordea Investment Management AB now owns 21,638 shares of the software maker’s stock worth $10,148,000 after purchasing an additional 5,595 shares during the last quarter. Finally, Triasima Portfolio Management inc. bought a new stake in shares of HubSpot in the 3rd quarter valued at about $2,079,000. Institutional investors own 90.39% of the company’s stock.

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.