Research Analysts’ Recent Ratings Changes for HubSpot (HUBS)

Several brokerages have updated their recommendations and price targets on shares of HubSpot (NYSE: HUBS) in the last few weeks:

• 9/19/2024 – HubSpot had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $570.00 price target on the stock.
• 9/19/2024 – HubSpot had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $625.00 price target on the stock.
• 9/19/2024 – HubSpot had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $570.00 price target on the stock.
• 9/19/2024 – HubSpot had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $700.00 price target on the stock.
• 9/19/2024 – HubSpot had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $730.00 price target on the stock.
• 8/9/2024 – 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.

HubSpot Stock Performance

Shares of HUBS stock traded down $2.56 on Tuesday, reaching $529.04. The stock had a trading volume of 141,870 shares, compared to its average volume of 612,809. The company has a 50 day simple moving average of $495.96 and a 200 day simple moving average of $562.27. The stock has a market cap of $26.96 billion, a P/E ratio of -199.64, a price-to-earnings-growth ratio of 7,010.23 and a beta of 1.63. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The firm had revenue of $637.20 million during the quarter, compared to analyst estimates of $619.28 million. During the same quarter in the prior year, the company posted ($1.17) earnings per share. The business’s quarterly revenue was up 20.4% compared to the same quarter last year.

Insider Buying and Selling at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the sale, the insider now owns 518,152 shares of the company’s stock, valued at $244,707,645.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other 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 transaction of $4,014,295.00. Following the sale, the insider now directly owns 518,152 shares of the company’s stock, valued at $244,707,645.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dawson Alyssa Harvey sold 384 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total value of $179,416.32. Following the completion of the transaction, the insider now owns 9,735 shares of the company’s stock, valued at approximately $4,548,484.05. The disclosure for this sale can be found here. Insiders have sold 34,000 shares of company stock worth $18,921,939 over the last quarter. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of HubSpot by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock valued at $3,025,964,000 after purchasing an additional 39,098 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of HubSpot by 10.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock worth $1,211,535,000 after buying an additional 176,336 shares during the period. Wellington Management Group LLP raised its position in HubSpot by 50.3% during the fourth quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock worth $1,088,119,000 after acquiring an additional 626,977 shares during the period. Jennison Associates LLC lifted its holdings in HubSpot by 62.1% during the first quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock valued at $988,406,000 after purchasing an additional 604,554 shares in the last quarter. Finally, Twin Focus Capital Partners LLC grew its position in shares of HubSpot by 92,828.2% in the fourth quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock valued at $283,230,000 after purchasing an additional 487,348 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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.