HubSpot (NYSE:HUBS) Updates FY19 Earnings Guidance

HubSpot (NYSE:HUBS) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.08-1.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.12. The company issued revenue guidance of $648-652 million, compared to the consensus revenue estimate of $636.55 million.HubSpot also updated its FY 2019 guidance to $1.08-1.16 EPS.

A number of research firms have recently commented on HUBS. Deutsche Bank lifted their target price on HubSpot from $150.00 to $168.00 and gave the stock a hold rating in a research note on Wednesday, February 13th. Bank of America lifted their price objective on HubSpot from $185.00 to $205.00 and gave the stock a buy rating in a report on Wednesday, February 13th. Canaccord Genuity lifted their price objective on HubSpot from $160.00 to $190.00 and gave the stock a buy rating in a report on Wednesday, February 13th. Raymond James lifted their price objective on HubSpot from $155.00 to $181.00 and gave the stock an outperform rating in a report on Wednesday, February 13th. Finally, Needham & Company LLC reissued a buy rating and issued a $198.00 price objective (up previously from $145.00) on shares of HubSpot in a report on Wednesday, February 13th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average target price of $170.29.

HUBS traded down $0.47 during trading hours on Tuesday, hitting $165.62. The stock had a trading volume of 552,200 shares, compared to its average volume of 711,358. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.15 and a current ratio of 3.01. The firm has a market cap of $6.57 billion, a P/E ratio of -162.37 and a beta of 1.92. HubSpot has a 1 year low of $101.45 and a 1 year high of $180.00.

HubSpot (NYSE:HUBS) last posted its earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.54. The business had revenue of $144.02 million during the quarter, compared to analyst estimates of $137.48 million. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 EPS. As a group, research analysts predict that HubSpot will post -0.99 earnings per share for the current fiscal year.

In other news, insider J Donald Sherman sold 15,000 shares of HubSpot stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $127.08, for a total transaction of $1,906,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald S. Gill sold 4,133 shares of HubSpot stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $166.92, for a total value of $689,880.36. Following the sale, the director now owns 18,207 shares of the company’s stock, valued at approximately $3,039,112.44. The disclosure for this sale can be found here. Insiders have sold a total of 74,763 shares of company stock valued at $10,819,780 in the last ninety days. Insiders own 9.60% of the company’s stock.

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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.