5 Return-to-Office Stocks to Buy in 2022

In this article, we will discuss the 5 return to office stocks to buy in 2022. If you want to read about similar stocks, you can also see 10 Return-to-Office Stocks to Buy in 2022.

5. HubSpot, Inc. (NYSE:HUBS)

Number of Hedge Fund Holders: 58

HubSpot, Inc. (NYSE:HUBS) provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company’s CRM solutions are targeted at optimizing marketing, sales, services, and content management systems. HubSpot, Inc. (NYSE:HUBS) is one of the best return-to-office stocks to buy in 2022 as its CRM platform is being widely used by small-cap, mid-cap, and even large-cap companies.

This February, HubSpot, Inc. (NYSE:HUBS) reported market-beating earnings for the fiscal fourth quarter of 2021. According to the company’s earnings report, HubSpot, Inc. (NYSE:HUBS) generated revenues of $369.31 million, up 46.51% year over year, and beat revenue estimates by $11.79 million. Moreover, the company reported earnings per share of $0.58, beating expert estimates by $0.05.

On April 26, UBS analyst Taylor McGinnis initiated coverage of HubSpot, Inc. (NYSE:HUBS) with a Neutral rating and a $410 price target on the shares. The analyst holds a bullish outlook on the stock and sees a multitude of growth drivers including the stock’s competitive market position and above-average profitability.

At the end of Q4 2021, 58 hedge funds were bullish on HubSpot, Inc. (NYSE:HUBS). These funds held collective stakes of $2.47 billion in the company. This is compared to 48 hedge funds in the preceding quarter with stakes of $2.86 billion. The hedge fund sentiment for the stock is positive. As of the end of last December, SCGE Management is the leading stakeholder for HubSpot, Inc. (NYSE:HUBS), having stakes worth $904 million in the company.

ClearBridge Investments, an investment management firm, explained why you must invest in HubSpot, Inc. (NYSE:HUBS) in its third-quarter 2021 investor letter:

“Performance among our cohort of IT and Internet companies was mixed, with enterprise software makers thriving while more consumer-oriented stocks faced headwinds. HubSpot saw greater utilization of its marketing software by small and medium size businesses. We are attracted to the recurring revenue nature of these software companies that are increasingly delivering their products on a subscription basis through the cloud. Software business models also tend to avoid many of the inflationary issues facing companies with a physical product or service.”