HubSpot (NYSE:HUBS) Price Target Lowered to $650.00 at KeyCorp

HubSpot (NYSE:HUBS) had its target price lowered by KeyCorp from $775.00 to $650.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the software maker’s stock.

A number of other analysts have also commented on the company. JPMorgan Chase & Co. decreased their target price on HubSpot from $775.00 to $675.00 and set an “overweight” rating for the company in a research report on Thursday, August 7th. BMO Capital Markets reduced their price objective on HubSpot from $600.00 to $550.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. Barclays lowered their target price on HubSpot from $745.00 to $675.00 and set an “overweight” rating on the stock in a research report on Monday, July 21st. Stifel Nicolaus cut their target price on HubSpot from $600.00 to $550.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Citigroup lifted their price target on shares of HubSpot from $650.00 to $658.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $626.50.

HubSpot Price Performance

Shares of HubSpot stock traded up $2.88 during trading on Thursday, reaching $397.83. 1,358,850 shares of the company traded hands, compared to its average volume of 808,891. The firm has a market capitalization of $20.84 billion, a PE ratio of 1,097.08, a P/E/G 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. The company has a 50 day moving average price of $475.10 and a 200-day moving average price of $527.99.

HubSpot (NYSE:HUBS) last posted its quarterly 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 1.21%. The business had revenue of $809.52 million during the quarter, compared to analysts’ expectations of $786.80 million. During the same period last year, the company posted $2.18 earnings per share. The business’s quarterly revenue was up 20.9% on a year-over-year basis. HubSpot has set its FY 2025 guidance at 9.600-9.620 EPS. Q4 2025 guidance at 2.970-2.990 EPS. Equities research analysts expect that HubSpot will post 1.01 earnings per share for the current year.

Insider Activity

In related news, CTO Dharmesh Shah sold 4,747 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $501.60, for a total transaction of $2,381,095.20. Following the transaction, the chief technology officer directly owned 1,271,058 shares of the company’s stock, valued at $637,562,692.80. This trade represents a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brian Halligan sold 235 shares of the business’s stock in a transaction dated 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 owned 513,466 shares in the company, valued at approximately $253,292,777.80. This trade represents a 0.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 51,098 shares of company stock worth $24,757,257. 4.00% of the stock is owned by insiders.

Institutional Trading of HubSpot

A number of institutional investors and hedge funds have recently modified their holdings of HUBS. Principal Financial Group Inc. lifted its holdings in HubSpot by 4.6% during the first quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker’s stock worth $16,427,000 after acquiring an additional 1,276 shares during the period. TD Private Client Wealth LLC increased its position in shares of HubSpot by 67,700.0% during the 1st quarter. TD Private Client Wealth LLC now owns 1,356 shares of the software maker’s stock valued at $775,000 after purchasing an additional 1,354 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of HubSpot by 42.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 444 shares of the software maker’s stock valued at $254,000 after purchasing an additional 133 shares during the last quarter. Greenleaf Trust bought a new stake in shares of HubSpot during the 1st quarter worth $204,000. Finally, Linden Thomas Advisory Services LLC boosted its holdings in shares of HubSpot by 5.5% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 2,703 shares of the software maker’s stock worth $1,544,000 after buying an additional 141 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.