HubSpot (NYSE:HUBS) Stock Moved Down to “Underweight” by Cantor Fitzgerald

Cantor Fitzgerald cut shares of HubSpot (NYSE:HUBS) from a neutral rating to an underweight rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. Cantor Fitzgerald currently has $170.00 price target on the software maker’s stock, down from their previous price target of $265.00.

A number of other equities analysts have also recently issued reports on HUBS. Weiss Ratings upgraded shares of HubSpot from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, October 2nd. Zacks Research cut shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Bank of America reaffirmed an “underperform” rating and set a $200.00 target price on shares of HubSpot in a research note on Thursday, August 6th. Citigroup upped their price target on shares of HubSpot from $210.00 to $287.00 and gave the stock a “neutral” rating in a report on Tuesday, October 27th. Finally, William Blair reiterated a “market perform” rating on shares of HubSpot in a research note on Tuesday, October 6th. Eight 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 MarketBeat, HubSpot has an average rating of “Hold” and an average target price of $259.48.

HubSpot Stock Down 5.1%

NYSE:HUBS opened at $205.65 on Thursday. The stock’s 50-day simple moving average is $233.19 and its 200 day simple moving average is $230.40. The firm has a market capitalization of $10.26 billion, a PE ratio of 49.46, a price-to-earnings-growth ratio of 2.20 and a beta of 1.14. HubSpot has a twelve month low of $169.63 and a twelve month high of $409.31.

HubSpot (NYSE:HUBS) last issued 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 the consensus estimate of $925.50 million. HubSpot had a return on equity of 11.73% and a net margin of 5.95%. The business’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.66 earnings per share. On average, analysts anticipate that HubSpot will post 4.63 EPS for the current fiscal year.

Insider Activity

In related news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred 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 sale, the director directly owned 59,500 shares in the company, valued at $14,254,415. This trade represents a 12.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Erika Fisher sold 702 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $227.72, for a total transaction of $159,859.44. Following the sale, the insider directly owned 12,829 shares in the company, valued at $2,921,419.88. The trade was a 5.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 26,202 shares of company stock valued at $6,149,894 over the last quarter. 3.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On HubSpot

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new stake in HubSpot in the second quarter valued at approximately $631,386,000. Arrowstreet Capital Limited Partnership raised its holdings in HubSpot by 352.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 903,559 shares of the software maker’s stock worth $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 approximately $112,671,000. Bank of America Corp DE bought a new position in HubSpot during the 2nd quarter worth approximately $70,174,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in shares of HubSpot in the 2nd quarter worth 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.