Analysts expect HubSpot Inc (NYSE:HUBS) to announce sales of $147.62 million for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have made estimates for HubSpot’s earnings, with the lowest sales estimate coming in at $146.95 million and the highest estimate coming in at $149.77 million. HubSpot posted sales of $114.56 million in the same quarter last year, which suggests a positive year over year growth rate of 28.9%. The business is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, May 7th.
On average, analysts expect that HubSpot will report full year sales of $651.96 million for the current financial year, with estimates ranging from $648.47 million to $658.71 million. For the next year, analysts forecast that the firm will post sales of $799.82 million, with estimates ranging from $756.49 million to $823.28 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for HubSpot.
HubSpot (NYSE:HUBS) last announced its earnings results on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.54. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The company had revenue of $144.02 million during the quarter, compared to analysts’ expectations of $137.48 million. During the same period last year, the business posted $0.12 EPS. HubSpot’s revenue for the quarter was up 35.2% on a year-over-year basis.
HUBS has been the topic of a number of recent research reports. Zacks Investment Research lowered HubSpot from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Stephens began coverage on HubSpot in a research report on Thursday, January 17th. They set an “overweight” rating and a $191.00 target price on the stock. Bank of America reiterated a “buy” rating and set a $185.00 target price (up from $180.00) on shares of HubSpot in a research report on Wednesday, January 23rd. UBS Group downgraded HubSpot from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 24th. Finally, Oppenheimer reiterated a “market perform” rating on shares of HubSpot in a research report on Thursday, January 24th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $175.69.
Shares of NYSE:HUBS traded up $5.61 during trading on Monday, reaching $170.76. The company had a trading volume of 21,873 shares, compared to its average volume of 397,671. The firm has a market cap of $6.54 billion, a P/E ratio of -167.11 and a beta of 1.90. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 1.30. HubSpot has a fifty-two week low of $101.45 and a fifty-two week high of $180.00.
In other news, insider Hunter Madeley sold 1,005 shares of the firm’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $160.54, for a total transaction of $161,342.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel John P. Kelleher sold 389 shares of the firm’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $160.54, for a total value of $62,450.06. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 87,895 shares of company stock valued at $14,671,594. 9.60% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. purchased a new position in shares of HubSpot during the first quarter valued at about $248,000. Oppenheimer Asset Management Inc. grew its holdings in HubSpot by 27.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 2,032 shares of the software maker’s stock worth $338,000 after purchasing an additional 436 shares during the period. Brinker Capital Inc. purchased a new stake in HubSpot in the first quarter worth about $373,000. Strs Ohio grew its holdings in HubSpot by 9.8% in the first quarter. Strs Ohio now owns 6,700 shares of the software maker’s stock worth $1,113,000 after purchasing an additional 600 shares during the period. Finally, FNY Investment Advisers LLC purchased a new stake in HubSpot in the first quarter worth about $249,000. 96.78% of the stock is currently owned by institutional investors and hedge funds.
HubSpot Company Profile
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company’s software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.
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