HubSpot (NYSE:HUBS) Price Target Cut to $230.00 by Analysts at Truist Financial

HubSpot (NYSE:HUBS) had its price objective cut by Truist Financial from $275.00 to $230.00 in a research note published on Thursday morning,Benzinga reports. They currently have a buy rating on the software maker’s stock.

A number of other research analysts have also recently weighed in on the company. The Goldman Sachs Group set a $276.00 target price on HubSpot in a report on Thursday, August 6th. BMO Capital Markets raised their price objective on HubSpot from $215.00 to $250.00 and gave the company a “market perform” rating in a research report on Monday, September 21st. JPMorgan Chase & Co. cut HubSpot from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $268.00 to $240.00 in a research note on Thursday, October 8th. Capital One Financial downgraded HubSpot from an “overweight” rating to an “equal weight” rating and set a $206.00 target price for the company. in a research report on Thursday, August 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $300.00 target price on shares of HubSpot in a research note on Tuesday, October 6th. Eight research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $259.48.

HubSpot Stock Performance

Shares of HUBS opened at $205.65 on Thursday. HubSpot has a 1 year low of $169.63 and a 1 year high of $409.31. The company’s 50 day simple moving average is $233.19 and its 200 day simple moving average is $230.40. The company has a market capitalization of $10.26 billion, a price-to-earnings ratio of 49.46, a PEG ratio of 2.20 and a beta of 1.14.

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

Insider Buying and Selling

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the firm’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 transaction of $2,036,345.00. Following the completion of the sale, the director owned 59,500 shares in the company, valued at $14,254,415. This trade represents a 12.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gerald Dischler acquired 925 shares of the stock in a transaction on Monday, August 10th. The shares were acquired at an average price of $215.93 per share, with a total value of $199,735.25. Following the purchase, the director owned 1,940 shares in the company, valued at $418,904.20. This represents a 91.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have sold 26,202 shares of company stock worth $6,149,894. 3.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

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

Trending Headlines about 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

About HubSpot

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.