$137.57 Million in Sales Expected for HubSpot Inc (HUBS) This Quarter

Wall Street analysts expect HubSpot Inc (NYSE:HUBS) to post $137.57 million in sales for the current quarter, according to Zacks Investment Research. Ten analysts have made estimates for HubSpot’s earnings, with the highest sales estimate coming in at $140.74 million and the lowest estimate coming in at $136.90 million. HubSpot reported sales of $106.54 million in the same quarter last year, which indicates a positive year over year growth rate of 29.1%. The firm is scheduled to announce its next earnings report on Tuesday, February 12th.

On average, analysts expect that HubSpot will report full year sales of $505.77 million for the current year, with estimates ranging from $501.00 million to $509.70 million. For the next year, analysts expect that the business will report sales of $635.99 million, with estimates ranging from $617.71 million to $657.57 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover HubSpot.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 7th. The software maker reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.37). The firm had revenue of $131.83 million for the quarter, compared to the consensus estimate of $126.65 million. HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. The firm’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share.

A number of analysts have weighed in on HUBS shares. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Wednesday, November 14th. Rosenblatt Securities started coverage on shares of HubSpot in a research note on Thursday, October 4th. They set a “buy” rating and a $170.00 price objective for the company. Morgan Stanley raised their price objective on shares of HubSpot from $119.00 to $148.00 and gave the company an “equal weight” rating in a research note on Friday, September 7th. Oppenheimer raised their price objective on shares of HubSpot from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, November 8th. Finally, Jefferies Financial Group initiated coverage on shares of HubSpot in a research note on Tuesday, October 2nd. They set a “buy” rating and a $182.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $147.13.

NYSE:HUBS opened at $124.01 on Friday. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of -122.90 and a beta of 1.91. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.15 and a quick ratio of 3.15. HubSpot has a fifty-two week low of $85.65 and a fifty-two week high of $162.20.

In related news, insider J Donald Sherman sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $127.08, for a total transaction of $1,906,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Halligan sold 15,277 shares of the business’s stock in a transaction that occurred on Thursday, December 20th. The shares were sold at an average price of $123.18, for a total transaction of $1,881,820.86. Following the sale, the chief executive officer now owns 680,046 shares of the company’s stock, valued at $83,768,066.28. The disclosure for this sale can be found here. Insiders sold 95,282 shares of company stock valued at $12,650,030 over the last quarter. Company insiders own 9.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in HUBS. Flinton Capital Management LLC bought a new stake in HubSpot during the second quarter valued at approximately $108,000. DekaBank Deutsche Girozentrale grew its position in HubSpot by 85.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock valued at $119,000 after buying an additional 385 shares during the period. Meadow Creek Investment Management LLC bought a new stake in HubSpot during the second quarter valued at approximately $149,000. Penserra Capital Management LLC bought a new stake in HubSpot during the third quarter valued at approximately $160,000. Finally, Flagship Harbor Advisors LLC bought a new stake in HubSpot during the second quarter valued at approximately $161,000. Institutional investors own 93.62% of the company’s stock.

HubSpot Company Profile

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.