The Goldman Sachs Group Cuts HubSpot (NYSE:HUBS) Price Target to $612.00

HubSpot (NYSE:HUBS) had its target price lowered by analysts at The Goldman Sachs Group from $717.00 to $612.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 53.83% from the company’s previous close.

A number of other brokerages have also issued reports on HUBS. UBS Group set a $500.00 price target on shares of HubSpot in a research note on Friday. Bank of America cut their target price on shares of HubSpot from $640.00 to $515.00 and set a “buy” rating on the stock in a research note on Thursday. Piper Sandler decreased their price target on shares of HubSpot from $675.00 to $590.00 and set an “overweight” rating for the company in a research report on Thursday. Evercore ISI set a $500.00 price target on shares of HubSpot in a research note on Thursday. Finally, Canaccord Genuity Group reduced their price objective on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $626.50.

HubSpot Trading Up 0.7%

HubSpot stock traded up $2.88 during trading on Friday, hitting $397.83. The company had a trading volume of 1,358,850 shares, compared to its average volume of 776,900. The stock has a market cap of $20.96 billion, a price-to-earnings ratio of -4,972.91, a price-to-earnings-growth ratio of 16.06 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’s 50 day simple moving average is $476.80 and its 200-day simple moving average is $528.82.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 5th. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate of $2.58 by $0.08. The business had revenue of $809.52 million during the quarter, compared to analyst estimates of $786.80 million. HubSpot had a positive return on equity of 1.19% and a negative net margin of 0.12%.The company’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period last year, the business posted $2.18 earnings per share. HubSpot has set its FY 2025 guidance at 9.600-9.620 EPS. Q4 2025 guidance at 2.970-2.990 EPS. As a group, analysts forecast that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Activity

In other HubSpot news, Director Brian Halligan sold 235 shares of HubSpot 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 completion of the sale, the director directly owned 513,466 shares of the company’s stock, valued at $253,292,777.80. The trade was a 0.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Yamini Rangan sold 2,387 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $500.00, for a total value of $1,193,500.00. Following the transaction, the chief executive officer directly owned 56,277 shares of the company’s stock, valued at approximately $28,138,500. This represents a 4.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 51,098 shares of company stock valued at $24,757,257 in the last 90 days. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of HubSpot by 6.4% during the third quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock worth $2,683,659,000 after purchasing an additional 345,524 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of HubSpot by 17.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker’s stock valued at $2,805,070,000 after purchasing an additional 714,980 shares during the period. Massachusetts Financial Services Co. MA grew its stake in HubSpot by 37.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock worth $530,115,000 after buying an additional 251,853 shares during the last quarter. Geode Capital Management LLC grew its stake in HubSpot by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 925,938 shares of the software maker’s stock worth $513,886,000 after buying an additional 38,096 shares during the last quarter. Finally, Jennison Associates LLC increased its position in HubSpot by 548.6% during the second quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock worth $442,341,000 after buying an additional 672,158 shares during the period. 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.