HubSpot’s (HUBS) “Buy” Rating Reaffirmed at Needham & Company LLC

HubSpot (NYSE:HUBS)‘s stock had its “buy” rating reaffirmed by analysts at Needham & Company LLC in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $300.00 target price on the software maker’s stock. Needham & Company LLC’s price target suggests a potential upside of 38.90% from the company’s current price.

A number of other brokerages have also commented on HUBS. Truist Financial boosted their price target on shares of HubSpot from $230.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, September 21st. Weiss Ratings restated a “sell (d)” rating on shares of HubSpot in a research note on Monday, September 21st. Stifel Nicolaus upped their target price on shares of HubSpot from $200.00 to $225.00 and gave the stock a “hold” rating in a research note on Friday, September 11th. Citigroup reduced their target price on shares of HubSpot from $217.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Finally, Bank of America reaffirmed an “underperform” rating and set a $200.00 price objective on shares of HubSpot in a report on Thursday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $270.61.

HubSpot Price Performance

Shares of NYSE:HUBS traded down $4.63 during mid-day trading on Tuesday, hitting $215.98. The company had a trading volume of 582,501 shares, compared to its average volume of 1,785,423. The firm has a fifty day moving average price of $231.59 and a 200 day moving average price of $219.04. The company has a market capitalization of $10.77 billion, a PE ratio of 76.36, a price-to-earnings-growth ratio of 2.25 and a beta of 1.24. HubSpot has a one year low of $169.63 and a one year high of $497.96.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 5th. The software maker reported $3.26 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.24. The company had revenue of $911.74 million during the quarter, compared to analyst estimates of $898.31 million. HubSpot had a net margin of 4.26% and a return on equity of 8.66%. HubSpot’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.19 EPS. 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 4.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $245.64, for a total value of $2,087,940.00. Following the completion of the sale, the director directly owned 68,000 shares in the company, valued at approximately $16,703,520. This trade represents a 11.11% 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, insider Erika Fisher sold 702 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $235.22, for a total value of $165,124.44. Following the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 26,202 shares of company stock worth $5,998,079. 3.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HubSpot

Several large investors have recently modified their holdings of HUBS. Versant Capital Management Inc increased its position in shares of HubSpot by 20.5% during the 3rd quarter. Versant Capital Management Inc now owns 370 shares of the software maker’s stock valued at $76,000 after purchasing an additional 63 shares during the last quarter. Tidal Investments LLC increased its position in shares of HubSpot by 13.0% during the 2nd quarter. Tidal Investments LLC now owns 6,307 shares of the software maker’s stock valued at $1,151,000 after purchasing an additional 726 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of HubSpot during the 2nd quarter valued at approximately $234,000. Engineers Gate Manager LP increased its position in shares of HubSpot by 58.8% during the 2nd quarter. Engineers Gate Manager LP now owns 68,704 shares of the software maker’s stock valued at $12,539,000 after purchasing an additional 25,441 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of HubSpot by 5.1% during the 2nd quarter. NewEdge Advisors LLC now owns 6,532 shares of the software maker’s stock valued at $1,192,000 after purchasing an additional 317 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

About HubSpot

HubSpot, Inc develops customer relationship management (CRM) software and related tools designed to help businesses attract, engage and retain customers. Its cloud-based platform brings together marketing, sales, customer service, content management, operations and commerce capabilities, allowing organizations to manage customer interactions across the business.

The company’s products include tools for marketing automation, email marketing, lead generation, sales pipeline management, customer support, website and content management, analytics, payments and business operations.