HubSpot (NYSE:HUBS) posted its earnings results on Tuesday, May 7th. The software maker reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.10, Morningstar.com reports. The firm had revenue of $151.80 million during the quarter, compared to analysts’ expectations of $147.47 million. HubSpot had a negative net margin of 10.81% and a negative return on equity of 10.68%. HubSpot’s quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 EPS. HubSpot updated its Q2 guidance to $0.24-0.26 EPS and its FY19 guidance to $1.26-1.30 EPS.
Shares of HUBS stock traded up $2.26 during trading hours on Wednesday, reaching $181.52. The company had a trading volume of 361,394 shares, compared to its average volume of 567,526. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.03 and a quick ratio of 4.03. The firm has a market capitalization of $7.47 billion, a PE ratio of -177.96 and a beta of 1.91. HubSpot has a 12-month low of $108.39 and a 12-month high of $186.96.
In related news, General Counsel John P. Kelleher sold 390 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $172.75, for a total value of $67,372.50. Following the completion of the transaction, the general counsel now directly owns 44,735 shares in the company, valued at $7,727,971.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kathryn Bueker sold 836 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $166.51, for a total value of $139,202.36. Following the completion of the transaction, the chief financial officer now owns 42,428 shares of the company’s stock, valued at $7,064,686.28. The disclosure for this sale can be found here. Insiders sold 83,763 shares of company stock valued at $14,010,416 over the last 90 days. Company insiders own 9.60% of the company’s stock.
A number of institutional investors have recently modified their holdings of HUBS. Norges Bank purchased a new position in shares of HubSpot during the fourth quarter worth $52,232,000. 1832 Asset Management L.P. raised its stake in shares of HubSpot by 2,435.9% in the fourth quarter. 1832 Asset Management L.P. now owns 388,000 shares of the software maker’s stock valued at $47,549,000 after acquiring an additional 372,700 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of HubSpot by 358.0% in the third quarter. TIAA CREF Investment Management LLC now owns 362,839 shares of the software maker’s stock valued at $54,771,000 after acquiring an additional 283,609 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of HubSpot by 109.1% in the first quarter. Renaissance Technologies LLC now owns 525,000 shares of the software maker’s stock valued at $87,260,000 after acquiring an additional 273,900 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of HubSpot by 122.6% in the first quarter. Voya Investment Management LLC now owns 463,932 shares of the software maker’s stock valued at $77,110,000 after acquiring an additional 255,512 shares in the last quarter. Institutional investors own 91.11% of the company’s stock.
Several research analysts have recently issued reports on the stock. Piper Jaffray Companies increased their price objective on shares of HubSpot from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Royal Bank of Canada increased their price objective on shares of HubSpot from $167.00 to $187.00 and gave the company a “sector perform” rating in a report on Monday, May 6th. Morgan Stanley increased their price objective on shares of HubSpot from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Wednesday, May 8th. Deutsche Bank raised their target price on shares of HubSpot from $168.00 to $180.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. Finally, Stephens set a $198.00 target price on shares of HubSpot and gave the stock a “buy” rating in a report on Wednesday, May 8th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $187.53.
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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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