HubSpot (NYSE:HUBS) Cut to “Hold” at Zacks Research

HubSpot (NYSE:HUBS) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Several other brokerages also recently issued reports on HUBS. The Goldman Sachs Group set a $276.00 price target on shares of HubSpot in a report on Thursday, August 6th. BNP Paribas Exane cut shares of HubSpot from an “outperform” rating to a “neutral” rating and set a $210.00 target price for the company. in a research note on Monday, May 11th. Evercore set a $225.00 target price on HubSpot in a report on Friday, May 8th. Morgan Stanley set a $287.00 price target on HubSpot in a report on Thursday, August 6th. Finally, Truist Financial cut their price objective on HubSpot from $300.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Fifteen equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $268.90.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $240.52 on Wednesday. The business’s fifty day moving average price is $205.60 and its two-hundred day moving average price is $226.25. HubSpot has a fifty-two week low of $169.63 and a fifty-two week high of $525.51. The stock has a market capitalization of $11.99 billion, a price-to-earnings ratio of 84.99, a price-to-earnings-growth ratio of 2.15 and a beta of 1.19.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 5th. The software maker reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.24. HubSpot had a return on equity of 8.66% and a net margin of 4.26%.The company had revenue of $911.74 million during the quarter, compared to analysts’ expectations of $898.31 million. During the same period last year, the business earned $2.19 earnings per share. The business’s revenue was up 19.8% on a year-over-year basis. HubSpot has set its FY 2026 guidance at 13.230-13.310 EPS and its Q3 2026 guidance at 3.250-3.270 EPS. Research analysts expect that HubSpot will post 4.54 EPS for the current fiscal year.

Insider Transactions at HubSpot

In other HubSpot news, insider Erika Ashley Fisher sold 702 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $235.22, for a total transaction of $165,124.44. Following the transaction, the insider owned 14,581 shares of the company’s stock, valued at approximately $3,429,742.82. This represents a 4.59% 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, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $221.09, for a total value of $1,879,265.00. Following the completion of the transaction, the director owned 85,000 shares in the company, valued at $18,792,650. The trade was a 9.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 26,202 shares of company stock worth $5,481,959. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On HubSpot

Large investors have recently made changes to their positions in the company. Empowered Funds LLC boosted its holdings in HubSpot by 88.5% in the first quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock valued at $897,000 after acquiring an additional 737 shares during the last quarter. NewEdge Advisors LLC raised its holdings in HubSpot by 12.1% during the 2nd quarter. NewEdge Advisors LLC now owns 4,788 shares of the software maker’s stock worth $2,665,000 after purchasing an additional 516 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in HubSpot by 4.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 23,754 shares of the software maker’s stock valued at $13,222,000 after purchasing an additional 1,077 shares during the period. Osterweis Capital Management Inc. bought a new position in shares of HubSpot in the 2nd quarter valued at about $34,000. Finally, Alliancebernstein L.P. grew its position in shares of HubSpot by 35.0% during the 2nd quarter. Alliancebernstein L.P. now owns 376,076 shares of the software maker’s stock worth $209,335,000 after buying an additional 97,469 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Company Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.