HubSpot (NYSE:HUBS) Price Target Cut to $215.00 by Analysts at TD Cowen

HubSpot (NYSE:HUBS) had its price target reduced by TD Cowen from $260.00 to $215.00 in a report published on Thursday,Benzinga reports. They currently have a hold rating on the software maker’s stock.

HUBS has been the topic of several other reports. Wolfe Research cut shares of HubSpot from an “outperform” rating to a “peer perform” rating in a research note on Thursday, August 6th. Stephens boosted their target price on HubSpot from $251.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Monday, September 21st. Cantor Fitzgerald downgraded shares of HubSpot from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $265.00 to $170.00 in a report on Thursday. Zacks Research lowered HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Finally, The Goldman Sachs Group set a $276.00 target price on shares of HubSpot in a research note on Thursday, August 6th. Eight research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, HubSpot currently has a consensus rating of “Hold” and an average price target of $259.48.

HubSpot Trading Down 5.1%

HUBS stock opened at $205.65 on Thursday. The company has a market capitalization of $10.26 billion, a P/E ratio of 49.46, a PEG ratio of 2.20 and a beta of 1.14. The business has a 50 day simple moving average of $233.19 and a 200-day simple moving average of $230.40. HubSpot has a twelve month low of $169.63 and a twelve month high of $409.31.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 4th. The software maker reported $3.81 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $0.54. HubSpot had a net margin of 5.95% and a return on equity of 11.73%. The business had revenue of $947.57 million for the quarter, compared to analysts’ expectations of $925.50 million. During the same period in the previous year, the company posted $2.66 EPS. The company’s quarterly revenue was up 17.1% on a year-over-year basis. Research analysts predict that HubSpot will post 4.63 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $239.57, for a total transaction of $2,036,345.00. Following the completion of the sale, the director directly owned 59,500 shares of the company’s stock, valued at approximately $14,254,415. This trade represents a 12.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Erika Fisher sold 702 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $227.72, for a total value of $159,859.44. Following the sale, the insider owned 12,829 shares of the company’s stock, valued at $2,921,419.88. This represents a 5.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,202 shares of company stock worth $6,149,894 over the last quarter. 3.70% of the stock is owned by corporate insiders.

Institutional Trading of HubSpot

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in HubSpot during the 2nd quarter worth $631,386,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of HubSpot by 352.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 903,559 shares of the software maker’s stock valued at $220,559,000 after purchasing an additional 703,706 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in HubSpot during the 2nd quarter worth $112,671,000. Bank of America Corp DE acquired a new stake in shares of HubSpot in the 2nd quarter worth about $70,174,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in shares of HubSpot in the second quarter valued at approximately $64,616,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot News Roundup

Here are the key news stories impacting HubSpot this week:

• Positive Sentiment: Q3 results topped expectations: adjusted EPS was $3.81 versus a roughly $3.27 consensus, while revenue of $947.6 million exceeded estimates and grew 17.1% year over year. HubSpot Q3 earnings report
• Neutral Sentiment: Analyst views remained mixed: RBC kept an “outperform” rating and Truist maintained “buy,” though both lowered their price targets. UBS and JPMorgan also retained neutral ratings with lower targets.
• Negative Sentiment: Q4 revenue guidance fell short of market expectations, overshadowing the quarterly beat. Coverage also pointed to a bumpy transition toward outcome-based AI offerings, raising concerns about near-term growth. Q4 guidance report HubSpot AI transition outlook
• Negative Sentiment: Several firms cut targets or ratings after the results. Cantor Fitzgerald moved to “underweight” and lowered its target to $170; Piper Sandler cut its target to $200, while BTIG, Morgan Stanley, and KeyCorp also downgraded the stock. Analyst downgrades report

HubSpot Company Profile

HubSpot, Inc is a cloud-based customer relationship management (CRM) platform provider serving businesses that want to attract, engage and retain customers. Its platform brings together tools for marketing, sales, customer service, content management, operations and commerce, helping organizations manage customer interactions across the customer lifecycle.

The company’s offerings include marketing automation, email marketing, lead generation, website and content management, sales pipeline and engagement tools, customer support and help-desk capabilities, reporting and analytics, and payment and commerce features.