HubSpot (NYSE:HUBS) Price Target Cut to $600.00 by Analysts at Wells Fargo & Company

HubSpot (NYSE:HUBS) had its price target cut by Wells Fargo & Company from $685.00 to $600.00 in a research report report published on Thursday,Benzinga reports. They currently have an overweight rating on the software maker’s stock.

Several other research firms have also commented on HUBS. Canaccord Genuity Group lowered their price objective on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Thursday. Barclays decreased their target price on shares of HubSpot from $675.00 to $575.00 and set an “overweight” rating for the company in a research note on Thursday. Bank of America dropped their price target on shares of HubSpot from $640.00 to $515.00 and set a “buy” rating on the stock in a research report on Thursday. Macquarie cut their price objective on shares of HubSpot from $730.00 to $660.00 and set an “outperform” rating for the company in a report on Thursday, August 7th. Finally, Oppenheimer decreased their price objective on shares of HubSpot from $750.00 to $550.00 and set an “outperform” rating for the company in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $626.50.

HubSpot Price Performance

NYSE:HUBS traded up $2.88 during mid-day trading on Thursday, hitting $397.83. The company’s stock had a trading volume of 1,358,850 shares, compared to its average volume of 808,891. The business’s fifty day moving average is $475.10 and its two-hundred day moving average is $527.99. The stock has a market cap of $20.84 billion, a price-to-earnings ratio of 1,097.08, a PEG ratio of 13.65 and a beta of 1.60. HubSpot has a 1 year low of $375.01 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 5th. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.08. The business had revenue of $809.52 million during the quarter, compared to analysts’ expectations of $786.80 million. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The company’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.18 EPS. HubSpot has set its FY 2025 guidance at 9.600-9.620 EPS. Q4 2025 guidance at 2.970-2.990 EPS. Analysts anticipate that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In other news, Director Brian Halligan sold 235 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $493.30, for a total transaction of $115,925.50. Following the completion of the sale, the director owned 513,466 shares of the company’s stock, valued at $253,292,777.80. This represents a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 615 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $500.00, for a total transaction of $307,500.00. Following the completion of the transaction, the chief financial officer directly owned 38,794 shares in the company, valued at approximately $19,397,000. This represents a 1.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 51,098 shares of company stock worth $24,757,257. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its position in HubSpot by 17.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker’s stock worth $2,805,070,000 after buying an additional 714,980 shares in the last quarter. Jennison Associates LLC increased its stake in shares of HubSpot by 548.6% in the 2nd quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock worth $442,341,000 after acquiring an additional 672,158 shares during the last quarter. Norges Bank acquired a new stake in shares of HubSpot in the 2nd quarter worth $269,941,000. Vanguard Group Inc. raised its holdings in shares of HubSpot by 6.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock worth $2,683,659,000 after acquiring an additional 345,524 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of HubSpot by 37.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock valued at $530,115,000 after acquiring an additional 251,853 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Company Profile

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.