HubSpot (NYSE:HUBS) Receives Buy Rating from Needham & Company LLC

Key Points

• Needham & Company reiterated its “Buy” rating on HubSpot and maintained a $300 price target, implying approximately 30.57% upside from the prior close.
• Analyst sentiment is mixed: 15 analysts rate HubSpot a Buy, 16 a Hold and two a Sell, producing a consensus “Hold” rating with an average price target of $271.90.
• HubSpot exceeded quarterly expectations, reporting $3.26 in EPS versus the $3.02 consensus and $911.74 million in revenue, up 19.8% year over year. A director also purchased nearly $200,000 of shares, though insiders have sold more than $6 million in stock over the past 90 days.

HubSpot (NYSE:HUBS - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Needham & Company LLC in a research note issued to investors on Friday, Benzinga reports. They currently have a $300.00 target price on the software maker's stock. Needham & Company LLC's target price points to a potential upside of 30.57% from the company's previous close.

HUBS has been the topic of several other research reports. Wall Street Zen lowered HubSpot from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 4th. Piper Sandler downgraded HubSpot from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $250.00 to $220.00 in a report on Thursday, August 6th. Stephens lowered shares of HubSpot from an "overweight" rating to a "hold" rating and set a $251.00 target price on the stock. in a research report on Thursday, August 6th. Capital One Financial set a $206.00 target price on shares of HubSpot and gave the company an "equal weight" rating in a report on Thursday, August 6th. Finally, Citigroup reduced their price target on shares of HubSpot from $217.00 to $210.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Fifteen research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, HubSpot presently has a consensus rating of "Hold" and an average price target of $271.90.

HubSpot Stock Performance

Shares of HUBS stock opened at $229.76 on Friday. The stock's 50-day moving average is $231.66 and its two-hundred day moving average is $224.00. The firm has a market cap of $11.46 billion, a price-to-earnings ratio of 81.19, a PEG ratio of 2.55 and a beta of 1.18. HubSpot has a 1 year low of $169.63 and a 1 year high of $525.51.

HubSpot (NYSE:HUBS - Get Free Report) last posted its earnings results 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 business had revenue of $911.74 million during the quarter, compared to the consensus estimate of $898.31 million. HubSpot had a return on equity of 8.66% and a net margin of 4.26%.The business's quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the business earned $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. As a group, research analysts predict that HubSpot will post 4.56 EPS for the current year.

Insider Activity

In related news, Director Gerald Dischler purchased 925 shares of the business's stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $215.93 per share, for a total transaction of $199,735.25. Following the completion of the purchase, the director directly owned 1,940 shares of the company's stock, valued at $418,904.20. This trade represents a 91.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Erika Fisher sold 702 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $235.22, for a total value of $165,124.44. Following the sale, the insider directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 26,202 shares of company stock valued at $5,998,079. Company insiders own 3.70% of the company's stock.

Institutional Trading of HubSpot

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of HubSpot in the 2nd quarter valued at approximately $631,386,000. Arrowstreet Capital Limited Partnership grew its holdings in HubSpot by 352.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 903,559 shares of the software maker's stock worth $220,559,000 after acquiring an additional 703,706 shares during the period. Capital World Investors acquired a new position in HubSpot during the fourth quarter worth $259,930,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in HubSpot in the second quarter worth $112,671,000. Finally, Norges Bank purchased a new position in HubSpot in the fourth quarter worth $156,743,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

About HubSpot

HubSpot, Inc develops cloud-based customer relationship management (CRM) and marketing software for businesses. Its platform is designed to help organizations attract prospects, manage customer interactions, close sales and provide ongoing service through an integrated set of tools.

The company's products include Marketing Hub, Sales Hub, Service Hub, Content Hub, Operations Hub and Commerce Hub. These offerings support marketing automation, sales engagement, customer support, content management, data integration, payments and other commercial activities.

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