HubSpot (NYSE:HUBS) Stock Dropped to Neutral by BTIG Research

BTIG Research downgraded shares of HubSpot (NYSE:HUBS) from a buy rating to a neutral rating in a research report report published on Thursday morning, Marketbeat Ratings reports.

HUBS has been the topic of a number of other research reports. Wells Fargo & Company lifted their target price on HubSpot from $200.00 to $250.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 28th. Royal Bank Of Canada reissued an “outperform” rating on shares of HubSpot in a report on Tuesday, October 6th. Zacks Research downgraded shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. The Goldman Sachs Group set a $276.00 price target on shares of HubSpot in a report on Thursday, August 6th. Finally, Morgan Stanley lowered shares of HubSpot from an “overweight” rating to an “equal weight” rating and set a $229.00 price target on the stock. in a report on Thursday. Eight research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $259.48.

HubSpot Stock Performance

Shares of HUBS opened at $205.65 on Thursday. HubSpot has a 52-week low of $169.63 and a 52-week high of $409.31. The firm has a market cap of $10.26 billion, a price-to-earnings ratio of 49.46, a PEG ratio of 2.20 and a beta of 1.14. The business’s fifty day moving average is $233.19 and its 200-day moving average is $230.40.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 4th. The software maker reported $3.81 earnings per share for the quarter, topping the consensus estimate of $3.27 by $0.54. HubSpot had a return on equity of 11.73% and a net margin of 5.95%. The business had revenue of $947.57 million during the quarter, compared to the consensus estimate of $925.50 million. During the same period in the prior year, the company earned $2.66 EPS. HubSpot’s revenue for the quarter was up 17.1% on a year-over-year basis. As a group, research analysts forecast that HubSpot will post 4.63 EPS for the current fiscal year.

Insider Transactions at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $239.57, for a total value of $2,036,345.00. Following the completion of the transaction, the director owned 59,500 shares of the company’s stock, valued at $14,254,415. This represents a 12.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gerald Dischler acquired 925 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average price of $215.93 per share, with a total value of $199,735.25. Following the acquisition, the director owned 1,940 shares in the company, valued at $418,904.20. The trade was a 91.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have sold 26,202 shares of company stock worth $6,149,894. Insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Large investors have recently modified their holdings of the business. Access Investment Management LLC acquired a new position in shares of HubSpot during the third quarter worth $32,000. Elevation Wealth Partners LLC increased its holdings in HubSpot by 66.7% in the third quarter. Elevation Wealth Partners LLC now owns 175 shares of the software maker’s stock valued at $36,000 after purchasing an additional 70 shares during the period. Global Retirement Partners LLC acquired a new stake in HubSpot in the second quarter valued at $38,000. Provenance Wealth Advisors LLC increased its holdings in HubSpot by 152.2% in the third quarter. Provenance Wealth Advisors LLC now owns 290 shares of the software maker’s stock valued at $59,000 after purchasing an additional 175 shares during the period. Finally, Oslo Pensjonsforsikring AS bought a new position in HubSpot during the 1st quarter worth $74,000. Institutional investors own 90.39% of the company’s stock.

Key Stories Impacting HubSpot

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.