HubSpot (NYSE:HUBS) Price Target Cut to $260.00 by Analysts at Royal Bank Of Canada

HubSpot (NYSE:HUBS) had its price target trimmed by Royal Bank Of Canada from $300.00 to $260.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the software maker’s stock.

Other equities analysts have also issued reports about the company. Truist Financial cut their price target on HubSpot from $275.00 to $230.00 and set a “buy” rating for the company in a report on Thursday. Capital One Financial lowered 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. TD Cowen decreased their price objective on HubSpot from $285.00 to $260.00 and set a “hold” rating on the stock in a report on Friday, September 18th. KeyCorp cut shares of HubSpot from an “overweight” rating to a “sector weight” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. cut HubSpot from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $268.00 to $240.00 in a research note on Thursday, October 8th. Eight equities research 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $259.48.

HubSpot Stock Performance

NYSE HUBS opened at $205.65 on Thursday. The company has a 50-day simple moving average of $233.19 and a 200 day simple moving average of $230.40. HubSpot has a 52-week low of $169.63 and a 52-week high of $409.31. The company 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 (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, November 4th. The software maker reported $3.81 EPS for the quarter, topping analysts’ consensus estimates of $3.27 by $0.54. The company had revenue of $947.57 million for the quarter, compared to analysts’ expectations of $925.50 million. HubSpot had a net margin of 5.95% and a return on equity of 11.73%. HubSpot’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.66 EPS. As a group, analysts forecast that HubSpot will post 4.63 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the firm’s 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 completion of the transaction, the director owned 59,500 shares of the company’s stock, valued at approximately $14,254,415. This trade represents a 12.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Erika Fisher sold 702 shares of HubSpot stock in a transaction 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 transaction, the insider owned 12,829 shares of the company’s stock, valued at $2,921,419.88. The trade was a 5.19% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 26,202 shares of company stock valued at $6,149,894. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Institutional investors have recently bought and sold shares of the stock. Access Investment Management LLC bought a new stake in HubSpot during the 3rd quarter worth approximately $32,000. Elevation Wealth Partners LLC boosted its holdings in shares of HubSpot by 66.7% during the 3rd quarter. Elevation Wealth Partners LLC now owns 175 shares of the software maker’s stock valued at $36,000 after purchasing an additional 70 shares during the last quarter. Global Retirement Partners LLC bought a new position in HubSpot during the second quarter valued at approximately $38,000. Provenance Wealth Advisors LLC grew its holdings in shares of HubSpot by 152.2% in the third quarter. Provenance Wealth Advisors LLC now owns 290 shares of the software maker’s stock valued at $59,000 after purchasing an additional 175 shares in the last quarter. Finally, Oslo Pensjonsforsikring AS purchased a new position in shares of HubSpot in the 1st quarter worth $74,000. 90.39% of the stock is owned by institutional investors.

HubSpot News Summary

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.