HubSpot (NYSE:HUBS) Stock Price Target Lowered at JPMorgan Chase & Co.

HubSpot (NYSE:HUBS) had its target price reduced by JPMorgan Chase & Co. from $240.00 to $224.00 in a research note published on Thursday morning,Benzinga reports. They currently have a neutral rating on the software maker’s stock.

A number of other analysts also recently weighed in on HUBS. Capital One Financial downgraded shares of HubSpot from an “overweight” rating to an “equal weight” rating and set a $206.00 target price on the stock. in a report on Thursday, August 6th. Zacks Research downgraded shares of HubSpot from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Oppenheimer downgraded shares of HubSpot from an “outperform” rating to a “market perform” rating in a report on Thursday, August 6th. Weiss Ratings upgraded HubSpot from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, October 2nd. Finally, Stephens boosted their price objective on HubSpot from $251.00 to $255.00 and gave the stock an “equal weight” rating in a research note on Monday, September 21st. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $259.48.

HubSpot Stock Performance

HUBS opened at $205.65 on Thursday. The stock 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. The firm’s fifty day moving average is $233.19 and its 200 day moving average is $230.40. HubSpot has a fifty-two week low of $169.63 and a fifty-two week high of $409.31.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 4th. The software maker reported $3.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.54. The firm 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%. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.66 earnings per share. On average, equities research analysts predict that HubSpot will post 4.63 earnings per share for the current year.

Insider Buying and Selling at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $239.57, for a total transaction of $2,036,345.00. Following the completion of the sale, the director directly owned 59,500 shares of the company’s stock, valued at $14,254,415. The trade was a 12.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gerald Dischler bought 925 shares of the stock in a transaction on Monday, August 10th. The stock was purchased at an average price of $215.93 per share, with a total value of $199,735.25. Following the completion of the acquisition, the director directly owned 1,940 shares in the company, valued at approximately $418,904.20. This trade represents a 91.13% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 26,202 shares of company stock valued at $6,149,894 in the last ninety days. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp raised its holdings in shares of HubSpot by 334.2% in the 3rd quarter. Fifth Third Bancorp now owns 12,501 shares of the software maker’s stock valued at $2,563,000 after purchasing an additional 9,622 shares in the last quarter. New Mexico Educational Retirement Board purchased a new stake in shares of HubSpot in the 3rd quarter worth approximately $2,152,000. Maryland State Retirement & Pension System boosted its stake in shares of HubSpot by 20.7% during the third quarter. Maryland State Retirement & Pension System now owns 2,983 shares of the software maker’s stock valued at $611,000 after purchasing an additional 512 shares in the last quarter. Ritholtz Wealth Management bought a new position in shares of HubSpot during the third quarter valued at approximately $524,000. Finally, Jefferies Financial Group Inc. boosted its stake in shares of HubSpot by 395.6% during the third quarter. Jefferies Financial Group Inc. now owns 33,742 shares of the software maker’s stock valued at $6,916,000 after purchasing an additional 26,933 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

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

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.