HubSpot (NYSE:HUBS) updated its first quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.23-0.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.24. The company issued revenue guidance of $146.5-147.5 million, compared to the consensus revenue estimate of $145.95 million.HubSpot also updated its FY 2019 guidance to $1.08-1.16 EPS.
A number of brokerages have weighed in on HUBS. Bank of America lifted their price target on shares of HubSpot to $160.00 and gave the company a buy rating in a research note on Wednesday, October 17th. Royal Bank of Canada lifted their price target on shares of HubSpot from $138.00 to $147.00 and gave the company a sector perform rating in a research note on Thursday, November 8th. Zacks Investment Research reaffirmed a hold rating on shares of HubSpot in a research note on Tuesday, November 13th. Oppenheimer reaffirmed a market perform rating on shares of HubSpot in a research note on Thursday, January 24th. Finally, Morgan Stanley lifted their price target on shares of HubSpot from $141.00 to $146.00 and gave the company an equal weight rating in a research note 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. HubSpot currently has a consensus rating of Buy and an average price target of $153.35.
Shares of HUBS stock traded up $4.37 during trading on Tuesday, reaching $172.00. The company’s stock had a trading volume of 922,200 shares, compared to its average volume of 610,321. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.37. The firm has a market cap of $6.58 billion, a PE ratio of -168.63 and a beta of 1.92. HubSpot has a one year low of $95.56 and a one year high of $172.54.
HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.07. The business had revenue of $144.02 million for the quarter, compared to analyst estimates of $137.48 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 35.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 earnings per share. On average, equities analysts predict that HubSpot will post -0.97 earnings per share for the current fiscal year.
In related news, Director Ronald S. Gill sold 4,133 shares of the business’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $166.92, for a total transaction of $689,880.36. Following the transaction, the director now directly owns 18,207 shares in the company, valued at $3,039,112.44. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel John P. Kelleher sold 389 shares of the business’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $160.54, for a total transaction of $62,450.06. The disclosure for this sale can be found here. In the last three months, insiders sold 73,763 shares of company stock worth $9,545,440. 9.60% of the stock is currently owned by insiders.
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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. 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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