Brokerages forecast that HubSpot Inc (NYSE:HUBS) will report earnings of $0.25 per share for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for HubSpot’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.27. HubSpot reported earnings of $0.15 per share in the same quarter last year, which indicates a positive year over year growth rate of 66.7%. The firm is scheduled to announce its next quarterly earnings results on Thursday, May 9th.
On average, analysts expect that HubSpot will report full-year earnings of $1.16 per share for the current fiscal year, with EPS estimates ranging from $1.12 to $1.27. For the next year, analysts forecast that the business will report earnings of $1.67 per share, with EPS estimates ranging from $1.41 to $1.92. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover HubSpot.
HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, topping the consensus estimate of ($0.17) by $0.54. The firm had revenue of $144.02 million during the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $0.12 earnings per share.
Several analysts have recently commented on the company. Stephens began coverage on HubSpot in a research note on Thursday, January 17th. They issued an “overweight” rating and a $191.00 price objective for the company. Morgan Stanley decreased their price target on HubSpot from $148.00 to $141.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 23rd. Oppenheimer reaffirmed a “market perform” rating on shares of HubSpot in a research report on Thursday, January 24th. UBS Group reaffirmed a “hold” rating on shares of HubSpot in a research report on Wednesday. Finally, Royal Bank of Canada increased their price target on HubSpot to $167.00 and gave the company a “market perform” rating in a research report on Wednesday. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. HubSpot presently has a consensus rating of “Buy” and an average price target of $170.29.
In other HubSpot news, Director Ronald S. Gill sold 4,133 shares of the stock in a transaction on Monday, February 11th. The stock was sold at an average price of $166.92, for a total transaction of $689,880.36. Following the completion of the transaction, the director now directly owns 18,207 shares of the company’s stock, valued at $3,039,112.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brian Halligan sold 15,277 shares of the stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $123.18, for a total value of $1,881,820.86. Following the transaction, the chief executive officer now directly owns 680,046 shares of the company’s stock, valued at $83,768,066.28. The disclosure for this sale can be found here. Insiders have sold 46,763 shares of company stock valued at $6,156,940 over the last ninety days. 9.60% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in HUBS. Dimensional Fund Advisors LP grew its holdings in HubSpot by 46.4% during the second quarter. Dimensional Fund Advisors LP now owns 55,670 shares of the software maker’s stock valued at $6,982,000 after purchasing an additional 17,640 shares during the period. Bank of Montreal Can grew its holdings in HubSpot by 34.6% during the third quarter. Bank of Montreal Can now owns 19,930 shares of the software maker’s stock valued at $3,009,000 after purchasing an additional 5,126 shares during the period. Sheets Smith Wealth Management bought a new position in shares of HubSpot in the third quarter worth $621,000. NJ State Employees Deferred Compensation Plan bought a new position in shares of HubSpot in the third quarter worth $302,000. Finally, Capital Impact Advisors LLC boosted its holdings in shares of HubSpot by 12.1% in the third quarter. Capital Impact Advisors LLC now owns 19,113 shares of the software maker’s stock worth $2,866,000 after acquiring an additional 2,065 shares during the period. 93.19% of the stock is owned by institutional investors and hedge funds.
Shares of HubSpot stock traded down $0.08 on Monday, hitting $166.09. The company had a trading volume of 838,913 shares, compared to its average volume of 716,332. The company has a market cap of $6.58 billion, a PE ratio of -162.83 and a beta of 1.92. HubSpot has a 1 year low of $101.45 and a 1 year high of $180.00. The company has a quick ratio of 3.15, a current ratio of 3.01 and a debt-to-equity ratio of 1.30.
About HubSpot
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.
Featured Article: How accurate is the Rule of 72?
Get a free copy of the Zacks research report on HubSpot (HUBS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for HubSpot Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for HubSpot and related companies with MarketBeat.com’s FREE daily email newsletter.