HubSpot (NYSE:HUBS) Price Target Cut to $700.00 by Analysts at Needham & Company LLC

HubSpot (NYSE:HUBS) had its price target cut by Needham & Company LLC from $900.00 to $700.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a buy rating on the software maker’s stock.

Other equities analysts also recently issued research reports about the company. Sanford C. Bernstein raised HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 price target on the stock in a research report on Wednesday, September 3rd. KeyCorp dropped their target price on shares of HubSpot from $860.00 to $775.00 and set an “overweight” rating on the stock in a report on Thursday, August 7th. Piper Sandler initiated coverage on shares of HubSpot in a research report on Thursday, September 4th. They set an “overweight” rating and a $675.00 target price on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of HubSpot in a research report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of HubSpot from $775.00 to $675.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $626.50.

HubSpot Stock Performance

NYSE HUBS traded up $2.88 during trading on Thursday, hitting $397.83. The stock had a trading volume of 1,358,850 shares, compared to its average volume of 776,900. HubSpot has a one year low of $375.01 and a one year high of $881.13. The stock has a 50 day simple moving average of $475.10 and a 200 day simple moving average of $527.99. The stock has a market capitalization of $20.96 billion, a price-to-earnings ratio of -4,972.91, a P/E/G ratio of 16.06 and a beta of 1.60.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, November 5th. The software maker reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.08. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.19%. The business had revenue of $809.52 million for the quarter, compared to the consensus estimate of $786.80 million. During the same period in the prior year, the firm earned $2.18 EPS. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. HubSpot has set its FY 2025 guidance at 9.600-9.620 EPS. Q4 2025 guidance at 2.970-2.990 EPS. On average, sell-side analysts predict that HubSpot will post 1.01 EPS for the current year.

Insider Activity

In related news, Director Brian Halligan sold 235 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $493.30, for a total transaction of $115,925.50. Following the transaction, the director directly owned 513,466 shares in the company, valued at $253,292,777.80. The trade was a 0.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Dharmesh Shah sold 4,747 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $501.60, for a total value of $2,381,095.20. Following the completion of the sale, the chief technology officer owned 1,271,058 shares of the company’s stock, valued at approximately $637,562,692.80. This trade represents a 0.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 51,098 shares of company stock valued at $24,757,257 in the last ninety days. 4.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HubSpot

Hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its position in HubSpot by 17.0% during the 1st 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 purchasing an additional 714,980 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of HubSpot by 548.6% during the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock worth $442,341,000 after buying an additional 672,158 shares during the period. Norges Bank purchased a new stake in shares of HubSpot during the second quarter valued at $269,941,000. Vanguard Group Inc. increased its position in shares of HubSpot by 6.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock valued at $2,683,659,000 after acquiring an additional 345,524 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in shares of HubSpot by 37.3% in 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 period. 90.39% of the stock is owned by hedge funds and other institutional investors.

About HubSpot

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.