Wells Fargo & Company Issues Pessimistic Forecast for HubSpot (NYSE:HUBS) Stock Price

HubSpot (NYSE:HUBS) had its price target dropped by equities research analysts at Wells Fargo & Company from $685.00 to $600.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the software maker’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 50.82% from the company’s previous close.

A number of other research firms also recently commented on HUBS. Bank of America reduced their price objective on shares of HubSpot from $640.00 to $515.00 and set a “buy” rating for the company in a report on Thursday. Piper Sandler cut their price target on shares of HubSpot from $675.00 to $590.00 and set an “overweight” rating for the company in a research note on Thursday. JPMorgan Chase & Co. decreased their price objective on HubSpot from $775.00 to $675.00 and set an “overweight” rating on the stock in a report on Thursday, August 7th. Mizuho cut their target price on HubSpot from $700.00 to $550.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Citigroup boosted their price target on HubSpot from $650.00 to $658.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. One equities research 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 assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $626.50.

HubSpot Stock Performance

Shares of NYSE:HUBS traded up $2.88 during trading on Thursday, hitting $397.83. 1,358,850 shares of the stock were exchanged, compared to its average volume of 808,891. The company has a market capitalization of $20.84 billion, a price-to-earnings ratio of -4,972.91, a price-to-earnings-growth 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’s fifty day simple moving average is $475.10 and its 200-day simple moving average is $527.99.

HubSpot (NYSE:HUBS) last issued its 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. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.The firm had revenue of $809.52 million during the quarter, compared to analysts’ expectations of $786.80 million. During the same period last year, the business earned $2.18 earnings per share. HubSpot’s quarterly revenue was up 20.9% compared to the same quarter last year. HubSpot has set its FY 2025 guidance at 9.600-9.620 EPS. Q4 2025 guidance at 2.970-2.990 EPS. On average, research analysts forecast that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 615 shares of the company’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $500.00, for a total transaction of $307,500.00. Following the transaction, the chief financial officer owned 38,794 shares of the company’s stock, valued at approximately $19,397,000. This represents a 1.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Dharmesh Shah sold 4,747 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $501.60, for a total value of $2,381,095.20. Following the completion of the transaction, the chief technology officer owned 1,271,058 shares in the company, valued at $637,562,692.80. The trade was a 0.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 51,098 shares of company stock worth $24,757,257. 4.00% of the stock is currently owned by company insiders.

Institutional Trading of HubSpot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HUBS. Price T Rowe Associates Inc. MD lifted its position in HubSpot by 17.0% during 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. Jennison Associates LLC grew its position in shares of HubSpot by 548.6% during the 2nd 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. Norges Bank bought a new stake in shares of HubSpot during the second quarter worth approximately $269,941,000. Vanguard Group Inc. lifted its holdings in HubSpot by 6.4% in the third quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock valued at $2,683,659,000 after buying an additional 345,524 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in HubSpot by 37.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock valued at $530,115,000 after acquiring an additional 251,853 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.