Research Analysts’ Weekly Ratings Updates for HubSpot (HUBS)

Several analysts have recently updated their ratings and price targets for HubSpot (NYSE: HUBS):

• 8/9/2024 – HubSpot had its price target lowered by analysts at Barclays PLC from $575.00 to $500.00. They now have an “equal weight” rating on the stock.
• 8/9/2024 – HubSpot had its price target lowered by analysts at Citigroup Inc. from $699.00 to $629.00. They now have a “buy” rating on the stock.
• 8/8/2024 – HubSpot was upgraded by analysts at KeyCorp from an “underweight” rating to a “sector weight” rating. They now have a $460.00 price target on the stock.
• 8/8/2024 – HubSpot had its price target lowered by analysts at Wells Fargo & Company from $650.00 to $625.00. They now have an “overweight” rating on the stock.
• 8/8/2024 – HubSpot had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $570.00 price target on the stock.
• 8/8/2024 – HubSpot had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $700.00 price target on the stock.
• 8/8/2024 – HubSpot had its price target lowered by analysts at Raymond James from $725.00 to $675.00. They now have an “outperform” rating on the stock.
• 8/8/2024 – HubSpot had its price target lowered by analysts at BMO Capital Markets from $635.00 to $570.00. They now have an “outperform” rating on the stock.
• 8/8/2024 – HubSpot had its price target lowered by analysts at UBS Group AG from $580.00 to $550.00. They now have a “neutral” rating on the stock.
• 8/8/2024 – HubSpot had its price target lowered by analysts at Evercore ISI from $650.00 to $550.00. They now have an “in-line” rating on the stock.
• 8/8/2024 – HubSpot had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $730.00 price target on the stock.
• 8/8/2024 – HubSpot had its price target lowered by analysts at Bank of America Co. from $650.00 to $580.00. They now have a “buy” rating on the stock.
• 8/8/2024 – HubSpot had its “buy” rating reaffirmed by analysts at Truist Financial Co.. They now have a $600.00 price target on the stock, down previously from $700.00.
• 8/8/2024 – HubSpot had its price target lowered by analysts at Canaccord Genuity Group Inc. from $700.00 to $600.00. They now have a “buy” rating on the stock.
• 7/30/2024 – HubSpot had its price target lowered by analysts at Stifel Nicolaus from $700.00 to $600.00. They now have a “buy” rating on the stock.
• 7/22/2024 – HubSpot had its price target lowered by analysts at Oppenheimer Holdings Inc. from $725.00 to $625.00. They now have an “outperform” rating on the stock.
• 7/12/2024 – HubSpot had its price target lowered by analysts at KeyCorp from $520.00 to $460.00. They now have an “underweight” rating on the stock.
• 7/12/2024 – HubSpot had its price target lowered by analysts at Piper Sandler from $655.00 to $570.00. They now have an “overweight” rating on the stock.
• 7/12/2024 – HubSpot had its price target lowered by analysts at UBS Group AG from $640.00 to $580.00. They now have a “neutral” rating on the stock.
• 7/11/2024 – HubSpot had its price target lowered by analysts at Wells Fargo & Company from $750.00 to $650.00. They now have an “overweight” rating on the stock.

HubSpot Stock Performance

HubSpot stock traded down $11.88 on Tuesday, hitting $485.38. The company’s stock had a trading volume of 230,972 shares, compared to its average volume of 645,872. The firm has a market cap of $24.74 billion, a P/E ratio of -183.16 and a beta of 1.60. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average price of $522.52 and a 200-day moving average price of $585.14. HubSpot, Inc. has a one year low of $407.23 and a one year high of $693.85.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.30. The firm had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.17) EPS. On average, equities analysts anticipate that HubSpot, Inc. will post -0.44 earnings per share for the current year.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total value of $4,014,295.00. Following the sale, the insider now owns 518,152 shares of the company’s stock, valued at approximately $244,707,645.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total value of $4,014,295.00. Following the sale, the insider now owns 518,152 shares of the company’s stock, valued at approximately $244,707,645.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 2,190 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $625.00, for a total transaction of $1,368,750.00. Following the completion of the sale, the chief financial officer now directly owns 45,737 shares in the company, valued at approximately $28,585,625. The disclosure for this sale can be found here. Insiders have sold 42,938 shares of company stock valued at $24,451,825 in the last 90 days. 4.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HubSpot

Several large investors have recently made changes to their positions in HUBS. Vanguard Group Inc. grew its holdings in HubSpot by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock worth $2,781,013,000 after acquiring an additional 119,999 shares during the last quarter. Hsbc Holdings PLC grew its holdings in HubSpot by 10.1% during the 4th quarter. Hsbc Holdings PLC now owns 22,402 shares of the software maker’s stock worth $13,022,000 after acquiring an additional 2,057 shares during the last quarter. Stifel Financial Corp grew its holdings in HubSpot by 15.1% during the 4th quarter. Stifel Financial Corp now owns 33,248 shares of the software maker’s stock worth $19,302,000 after acquiring an additional 4,371 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in HubSpot by 19.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 22,546 shares of the software maker’s stock worth $13,089,000 after acquiring an additional 3,671 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in HubSpot by 74.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,646 shares of the software maker’s stock worth $2,117,000 after acquiring an additional 1,560 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

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.