HubSpot (NYSE:HUBS) Price Target Cut to $222.00 by Analysts at Barclays

HubSpot (NYSE:HUBS) had its target price trimmed by Barclays from $240.00 to $222.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the software maker’s stock.

A number of other brokerages have also recently commented on HUBS. UBS Group reaffirmed a “hold” rating on shares of HubSpot in a research note on Thursday. Wells Fargo & Company cut their target price on shares of HubSpot from $250.00 to $200.00 and set an “equal weight” rating for the company in a report on Thursday. Raymond James Financial cut shares of HubSpot from an “outperform” rating to a “market perform” rating in a research note on Monday, October 5th. Citigroup increased 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, Capital One Financial downgraded shares of HubSpot from an “overweight” rating to an “equal weight” rating and set a $206.00 price target on the stock. in a report on Thursday, August 6th. Eight research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $259.48.

HubSpot Stock Down 5.1%

HubSpot stock opened at $205.65 on Thursday. The firm has a market cap of $10.26 billion, a price-to-earnings ratio of 49.46, a price-to-earnings-growth ratio of 2.20 and a beta of 1.14. HubSpot has a 52 week low of $169.63 and a 52 week high of $409.31. The business’s 50-day moving average price is $233.19 and its 200 day moving average price is $230.40.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 4th. The software maker reported $3.81 earnings per share for the quarter, beating 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 company had revenue of $947.57 million during the quarter, compared to analysts’ expectations of $925.50 million. During the same period last year, the business earned $2.66 earnings per share. HubSpot’s quarterly revenue was up 17.1% on a year-over-year basis. Equities analysts expect that HubSpot will post 4.63 EPS for the current year.

Insiders Place Their Bets

In other HubSpot news, Director Gerald Dischler acquired 925 shares of the company’s stock in a transaction on Monday, August 10th. The shares were bought at an average cost of $215.93 per share, with a total value of $199,735.25. Following the completion of the acquisition, the director owned 1,940 shares in the company, valued at approximately $418,904.20. This trade represents a 91.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Erika Fisher sold 702 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $227.72, for a total value of $159,859.44. Following the completion of the sale, the insider owned 12,829 shares of the company’s stock, valued at $2,921,419.88. This trade represents a 5.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 26,202 shares of company stock worth $6,149,894. 3.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HubSpot

Institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. increased its holdings in HubSpot by 135.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 226,818 shares of the software maker’s stock worth $41,397,000 after acquiring an additional 130,433 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in HubSpot during the second quarter valued at $1,366,000. Meeder Asset Management Inc. purchased a new position in HubSpot during the second quarter valued at $5,860,000. The Manufacturers Life Insurance Company lifted its holdings in HubSpot by 175.3% during the first quarter. The Manufacturers Life Insurance Company now owns 11,063 shares of the software maker’s stock valued at $2,700,000 after purchasing an additional 7,044 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of HubSpot in the first quarter valued at about $41,434,000. Institutional investors and hedge funds 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

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.