HubSpot Inc (NYSE:HUBS) – Research analysts at Jefferies Financial Group lowered their Q1 2019 earnings estimates for shares of HubSpot in a report released on Wednesday, February 13th, Zacks Investment Research reports. Jefferies Financial Group analyst S. Samana now anticipates that the software maker will post earnings of ($0.27) per share for the quarter, down from their prior estimate of ($0.23). Jefferies Financial Group has a “Buy” rating and a $200.00 price objective on the stock. Jefferies Financial Group also issued estimates for HubSpot’s Q2 2019 earnings at ($0.34) EPS, Q3 2019 earnings at ($0.38) EPS, Q4 2019 earnings at ($0.13) EPS, FY2019 earnings at ($1.12) EPS, Q1 2020 earnings at ($0.20) EPS, Q2 2020 earnings at ($0.28) EPS, Q3 2020 earnings at ($0.31) EPS, Q4 2020 earnings at ($0.02) EPS and FY2020 earnings at ($0.81) EPS.
A number of other research firms have also weighed in on HUBS. Deutsche Bank raised their target price on shares of HubSpot from $150.00 to $168.00 and gave the company a “hold” rating in a report on Wednesday, February 13th. Bank of America raised their price target on HubSpot from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th. Canaccord Genuity raised their price target on HubSpot from $160.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th. Raymond James raised their price target on HubSpot from $155.00 to $181.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 13th. Finally, Needham & Company LLC restated a “buy” rating and issued a $198.00 price target (up from $145.00) on shares of HubSpot in a research report on Wednesday, February 13th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. HubSpot presently has an average rating of “Buy” and an average price target of $170.29.
Shares of HUBS stock traded down $7.93 on Monday, reaching $163.99. The company’s stock had a trading volume of 1,134,843 shares, compared to its average volume of 684,095. HubSpot has a 1 year low of $101.45 and a 1 year high of $180.00. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.01 and a current ratio of 3.01. The firm has a market cap of $6.69 billion, a PE ratio of -160.77 and a beta of 1.92.
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 analysts’ consensus estimates of ($0.17) by $0.54. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The firm had revenue of $144.02 million during the quarter, compared to analyst estimates of $137.48 million. During the same period last year, the firm posted $0.12 earnings per share. HubSpot’s revenue for the quarter was up 35.2% compared to the same quarter last year.
In other HubSpot news, insider Dharmesh Shah sold 28,000 shares of HubSpot stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $166.53, for a total value of $4,662,840.00. Following the transaction, the insider now owns 1,545,145 shares in the company, valued at $257,312,996.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel John P. Kelleher sold 389 shares of HubSpot stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $160.54, for a total value of $62,450.06. The disclosure for this sale can be found here. Insiders sold 76,291 shares of company stock valued at $11,083,742 over the last 90 days. 9.60% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of HUBS. Vanguard Group Inc. boosted its position in HubSpot by 3.1% in the third quarter. Vanguard Group Inc. now owns 3,171,764 shares of the software maker’s stock valued at $478,778,000 after buying an additional 95,762 shares during the last quarter. Vanguard Group Inc lifted its holdings in HubSpot by 3.1% in the third quarter. Vanguard Group Inc now owns 3,171,764 shares of the software maker’s stock valued at $478,778,000 after acquiring an additional 95,762 shares during the period. Capital Research Global Investors raised its stake in shares of HubSpot by 164.5% during the 3rd quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock worth $286,814,000 after buying an additional 1,181,611 shares during the period. Jennison Associates LLC raised its stake in shares of HubSpot by 2.2% during the 4th quarter. Jennison Associates LLC now owns 963,745 shares of the software maker’s stock worth $121,172,000 after buying an additional 20,323 shares during the period. Finally, Scge Management L.P. raised its stake in shares of HubSpot by 10.4% during the 3rd quarter. Scge Management L.P. now owns 878,650 shares of the software maker’s stock worth $132,632,000 after buying an additional 83,000 shares during the period. Institutional investors and hedge funds own 95.01% of the company’s stock.
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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