Analysts’ Weekly Ratings Changes for HubSpot (HUBS)

HubSpot (NYSE: HUBS) recently received a number of ratings updates from brokerages and research firms:

• 12/16/2024 – HubSpot was upgraded by analysts at UBS Group AG from a “hold” rating to a “strong-buy” rating.
• 12/16/2024 – HubSpot had its price target raised by analysts at Bank of America Co. from $780.00 to $850.00. They now have a “buy” rating on the stock.
• 12/13/2024 – HubSpot had its price target raised by analysts at Mizuho from $725.00 to $775.00. They now have an “outperform” rating on the stock.
• 12/9/2024 – HubSpot had its price target raised by analysts at Stifel Nicolaus from $750.00 to $880.00. They now have a “buy” rating on the stock.
• 11/8/2024 – HubSpot had its price target raised by analysts at Barclays PLC from $500.00 to $650.00. They now have an “equal weight” rating on the stock.
• 11/8/2024 – HubSpot had its “buy” rating reaffirmed by analysts at Truist Financial Co.. They now have a $750.00 price target on the stock, up previously from $600.00.
• 11/7/2024 – HubSpot had its price target raised by analysts at JPMorgan Chase & Co. from $560.00 to $635.00. They now have an “overweight” rating on the stock.
• 11/7/2024 – HubSpot had its price target raised by analysts at Wells Fargo & Company from $625.00 to $750.00. They now have an “overweight” rating on the stock.
• 11/7/2024 – HubSpot had its price target raised by analysts at Oppenheimer Holdings Inc. from $625.00 to $740.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – HubSpot had its price target raised by analysts at Royal Bank of Canada from $700.00 to $750.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – HubSpot had its price target raised by analysts at BMO Capital Markets from $570.00 to $690.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – HubSpot had its price target raised by analysts at UBS Group AG from $550.00 to $650.00. They now have a “neutral” rating on the stock.
• 11/7/2024 – HubSpot was downgraded by analysts at Piper Sandler from an “overweight” rating to a “neutral” rating. They now have a $640.00 price target on the stock, up previously from $570.00.
• 11/7/2024 – HubSpot had its price target raised by analysts at Evercore ISI from $610.00 to $700.00. They now have an “in-line” rating on the stock.
• 11/7/2024 – HubSpot had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $730.00 price target on the stock.
• 11/7/2024 – HubSpot had its price target raised by analysts at Canaccord Genuity Group Inc. from $600.00 to $710.00. They now have a “buy” rating on the stock.
• 11/7/2024 – HubSpot had its price target raised by analysts at The Goldman Sachs Group, Inc. from $626.00 to $690.00. They now have a “buy” rating on the stock.
• 10/23/2024 – HubSpot had its price target raised by analysts at Evercore ISI from $550.00 to $610.00. They now have an “in-line” rating on the stock.

HubSpot Trading Up 2.4 %

Shares of HUBS traded up $16.55 during midday trading on Friday, reaching $719.00. The stock had a trading volume of 811,819 shares, compared to its average volume of 586,725. The firm has a market cap of $37.12 billion, a PE ratio of -2,662.86, a P/E/G ratio of 88.26 and a beta of 1.70. The firm has a 50 day simple moving average of $652.76 and a 200-day simple moving average of $567.95. HubSpot, Inc. has a one year low of $434.84 and a one year high of $762.47.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The company had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business’s revenue was up 20.1% on a year-over-year basis. During the same period last year, the firm posted ($0.04) earnings per share. As a group, research analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Insider Activity

In related news, CFO Kathryn Bueker sold 1,136 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the completion of the sale, the chief financial officer now owns 41,259 shares of the company’s stock, valued at $21,695,632.56. This represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the sale, the chief technology officer now owns 1,272,077 shares in the company, valued at $941,197,051.53. The trade was a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,890 shares of company stock valued at $53,825,871. 4.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HUBS. Wellington Management Group LLP lifted its stake in shares of HubSpot by 52.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after acquiring an additional 480,796 shares during the last quarter. Geode Capital Management LLC increased its holdings in HubSpot by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 820,483 shares of the software maker’s stock worth $435,184,000 after purchasing an additional 19,974 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in HubSpot by 17.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock valued at $303,689,000 after purchasing an additional 86,688 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in HubSpot by 8.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock valued at $280,186,000 after purchasing an additional 40,138 shares during the last quarter. Finally, Holocene Advisors LP boosted its stake in shares of HubSpot by 17.5% during the third quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock valued at $169,988,000 after purchasing an additional 47,736 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

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.