Brokerages expect HubSpot Inc (NYSE:HUBS) to post $168.94 million in sales for the current quarter, according to Zacks Investment Research. Ten analysts have made estimates for HubSpot’s earnings. The highest sales estimate is $171.00 million and the lowest is $168.20 million. HubSpot reported sales of $131.83 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 28.1%. The company is expected to report its next earnings results on Wednesday, November 6th.
According to Zacks, analysts expect that HubSpot will report full-year sales of $664.72 million for the current fiscal year, with estimates ranging from $664.00 million to $667.00 million. For the next financial year, analysts forecast that the firm will post sales of $821.95 million, with estimates ranging from $805.09 million to $830.90 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow HubSpot.
HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Tuesday, August 6th. The software maker reported ($0.26) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.07. The business had revenue of $163.30 million for the quarter, compared to analysts’ expectations of $157.26 million. HubSpot had a negative return on equity of 7.93% and a negative net margin of 9.92%. The company’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 EPS.
Several analysts have recently issued reports on the company. ValuEngine cut HubSpot from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Morgan Stanley upped their price objective on HubSpot from $175.00 to $186.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. Raymond James upped their price objective on HubSpot from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday. UBS Group assumed coverage on HubSpot in a report on Tuesday, August 13th. They set a “buy” rating on the stock. Finally, Royal Bank of Canada raised HubSpot from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $187.00 to $230.00 in a report on Thursday. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $194.38.
In other HubSpot news, COO J Donald Sherman sold 25,000 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $173.76, for a total value of $4,344,000.00. Following the transaction, the chief operating officer now owns 114,008 shares of the company’s stock, valued at approximately $19,810,030.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $177.65, for a total value of $1,510,025.00. Following the completion of the transaction, the chief executive officer now directly owns 753,902 shares in the company, valued at approximately $133,930,690.30. The disclosure for this sale can be found here. Insiders sold a total of 141,147 shares of company stock worth $25,137,197 in the last ninety days. 8.30% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in HUBS. Nuveen Asset Management LLC bought a new position in HubSpot in the 2nd quarter valued at $61,888,000. Vanguard Group Inc. lifted its holdings in shares of HubSpot by 8.0% in the 2nd quarter. Vanguard Group Inc. now owns 4,143,177 shares of the software maker’s stock worth $706,494,000 after buying an additional 308,282 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of HubSpot in the 2nd quarter worth $51,977,000. First Trust Advisors LP lifted its holdings in shares of HubSpot by 13.4% in the 2nd quarter. First Trust Advisors LP now owns 1,025,986 shares of the software maker’s stock worth $174,951,000 after buying an additional 121,162 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of HubSpot by 386.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 130,448 shares of the software maker’s stock worth $22,244,000 after buying an additional 103,648 shares during the period. 91.86% of the stock is currently owned by institutional investors.
Shares of HUBS opened at $196.11 on Friday. The stock has a market capitalization of $8.33 billion, a price-to-earnings ratio of -192.26 and a beta of 1.67. HubSpot has a 1 year low of $108.39 and a 1 year high of $207.98. The business’s 50 day simple moving average is $188.59 and its 200-day simple moving average is $176.60. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.97 and a quick ratio of 3.97.
About HubSpot
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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