HubSpot (NYSE:HUBS) Stock Rating Cut to “Sector Weight” at KeyCorp

KeyCorp lowered shares of HubSpot (NYSE:HUBS) from an overweight rating to a sector weight rating in a research report released on Thursday morning, Marketbeat Ratings reports.

HUBS has been the topic of a number of other reports. BMO Capital Markets boosted their target price on shares of HubSpot from $215.00 to $250.00 and gave the company a “market perform” rating in a research note on Monday, September 21st. Zacks Research downgraded shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Citigroup raised their price target on shares of HubSpot from $210.00 to $287.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 27th. FBN Securities assumed coverage on shares of HubSpot in a report on Wednesday, September 23rd. They issued a “sector perform” rating and a $230.00 price target on the stock. Finally, BTIG Research upped their price objective on HubSpot from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Eight analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $259.48.

HubSpot Price Performance

Shares of HubSpot stock opened at $205.65 on Thursday. The firm has a market cap of $10.26 billion, a PE ratio of 49.46, a P/E/G ratio of 2.20 and a beta of 1.14. HubSpot has a 1 year low of $169.63 and a 1 year high of $409.31. The stock has a fifty day moving average price of $233.19 and a 200-day moving average price of $230.40.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, November 4th. The software maker reported $3.81 earnings per share 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 the consensus estimate of $925.50 million. HubSpot had a net margin of 5.95% and a return on equity of 11.73%. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.66 EPS. As a group, equities analysts anticipate that HubSpot will post 4.63 EPS for the current fiscal year.

Insider Activity at HubSpot

In related news, insider Erika Fisher sold 702 shares of the business’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $227.72, for a total value of $159,859.44. Following the sale, the insider directly owned 12,829 shares in the company, valued at approximately $2,921,419.88. The trade was a 5.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gerald Dischler acquired 925 shares of the company’s stock in a transaction on Monday, August 10th. The shares were acquired at an average cost of $215.93 per share, for a total transaction of $199,735.25. Following the completion of the acquisition, the director owned 1,940 shares of the company’s stock, valued at approximately $418,904.20. The trade was a 91.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have sold 26,202 shares of company stock worth $6,149,894. Company insiders own 3.70% of the company’s stock.

Institutional Trading of HubSpot

A number of institutional investors have recently modified their holdings of HUBS. Access Investment Management LLC bought a new position in HubSpot in the 3rd quarter worth approximately $32,000. Elevation Wealth Partners LLC raised its holdings in 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 acquiring an additional 70 shares during the period. Global Retirement Partners LLC bought a new stake in HubSpot during the 2nd quarter valued at $38,000. Provenance Wealth Advisors LLC raised its holdings in HubSpot by 152.2% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 290 shares of the software maker’s stock valued at $59,000 after acquiring an additional 175 shares during the period. Finally, Oslo Pensjonsforsikring AS purchased a new stake in shares of HubSpot during the first quarter worth $74,000. 90.39% of the stock is currently owned by hedge funds and other 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.