On average, analysts expect that HubSpot will report full-year earnings of ($1.09) per share for the current year, with EPS estimates ranging from ($1.16) to ($0.91). For the next year, analysts forecast that the company will post earnings of ($0.81) per share, with EPS estimates ranging from ($0.89) to ($0.75). Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow HubSpot.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.54. The firm had revenue of $144.02 million for the quarter, compared to analysts’ expectations of $137.48 million. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The firm’s quarterly revenue was up 35.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share.
Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of HubSpot from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a report on Monday, January 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $198.00 price target (up from $145.00) on shares of HubSpot in a report on Wednesday, February 13th. Morgan Stanley upped their price target on shares of HubSpot from $141.00 to $146.00 and gave the company an “equal weight” rating in a report on Thursday, November 8th. Canaccord Genuity upped their price target on shares of HubSpot from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. Finally, Oppenheimer upped their price target on shares of HubSpot from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, November 8th. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $170.29.
In related news, insider Dharmesh Shah sold 28,000 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $166.53, for a total value of $4,662,840.00. Following the sale, the insider now owns 1,545,145 shares of the company’s stock, valued at approximately $257,312,996.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Halligan sold 15,277 shares of the stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $123.18, for a total transaction of $1,881,820.86. Following the completion of the sale, the chief executive officer now directly owns 680,046 shares in the company, valued at approximately $83,768,066.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,783 shares of company stock worth $11,013,363. Corporate insiders own 9.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in HUBS. Vanguard Group Inc. grew its position in HubSpot by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,171,764 shares of the software maker’s stock valued at $478,778,000 after buying an additional 95,762 shares in the last quarter. Vanguard Group Inc grew its position in HubSpot by 3.1% in the 3rd quarter. Vanguard Group Inc now owns 3,171,764 shares of the software maker’s stock valued at $478,778,000 after buying an additional 95,762 shares in the last quarter. Capital Research Global Investors grew its position in HubSpot by 164.5% in the 3rd quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock valued at $286,814,000 after buying an additional 1,181,611 shares in the last quarter. Jennison Associates LLC grew its position in HubSpot by 2.2% in the 4th quarter. Jennison Associates LLC now owns 963,745 shares of the software maker’s stock valued at $121,172,000 after buying an additional 20,323 shares in the last quarter. Finally, Scge Management L.P. grew its position in HubSpot by 10.4% in the 3rd quarter. Scge Management L.P. now owns 878,650 shares of the software maker’s stock valued at $132,632,000 after buying an additional 83,000 shares in the last quarter. 95.01% of the stock is currently owned by institutional investors and hedge funds.
HUBS traded down $2.37 during trading on Wednesday, hitting $162.19. The company had a trading volume of 3,513 shares, compared to its average volume of 677,680. The stock has a market capitalization of $6.52 billion, a PE ratio of -159.27 and a beta of 1.92. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.01 and a quick ratio of 3.01. HubSpot has a 1-year low of $101.45 and a 1-year high of $180.00.
About HubSpot
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.
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