HubSpot Inc (NYSE:HUBS) – Equities researchers at Jefferies Financial Group increased their FY2019 EPS estimates for HubSpot in a research note issued on Thursday, September 5th. Jefferies Financial Group analyst S. Samana now anticipates that the software maker will earn ($0.74) per share for the year, up from their previous forecast of ($0.75). Jefferies Financial Group currently has a “Buy” rating and a $230.00 target price on the stock. Jefferies Financial Group also issued estimates for HubSpot’s Q1 2020 earnings at ($0.18) EPS, Q2 2020 earnings at ($0.20) EPS, Q3 2020 earnings at ($0.32) EPS, Q4 2020 earnings at ($0.12) EPS and FY2020 earnings at ($0.81) EPS.
Other equities research analysts also recently issued reports about the company. Goldman Sachs Group assumed coverage on HubSpot in a research report on Friday, June 7th. They issued a “buy” rating and a $223.00 target price for the company. Bank of America set a $215.00 target price on HubSpot and gave the stock a “buy” rating in a research report on Thursday. Compass Point assumed coverage on HubSpot in a research report on Tuesday, August 13th. They issued a “buy” rating and a $222.00 target price for the company. UBS Group assumed coverage on HubSpot in a research report on Tuesday, August 13th. They issued a “buy” rating for the company. Finally, Evercore ISI set a $175.00 target price on HubSpot and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. HubSpot presently has an average rating of “Buy” and an average target price of $196.60.
HUBS opened at $189.16 on Monday. The company has a market capitalization of $8.33 billion, a price-to-earnings ratio of -185.45 and a beta of 1.67. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.97 and a quick ratio of 3.97. HubSpot has a 1-year low of $108.39 and a 1-year high of $207.98. The business has a 50 day moving average price of $188.80 and a two-hundred day moving average price of $176.73.
HubSpot (NYSE:HUBS) last released its earnings results on Tuesday, August 6th. The software maker reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.07. The firm had revenue of $163.30 million during the quarter, compared to the consensus estimate of $157.26 million. HubSpot had a negative return on equity of 7.93% and a negative net margin of 9.92%. The firm’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 earnings per share.
In other news, insider Hunter Madeley sold 1,008 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $174.65, for a total transaction of $176,047.20. Following the completion of the sale, the insider now owns 33,817 shares in the company, valued at approximately $5,906,139.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $191.99, for a total value of $1,631,915.00. Following the sale, the chief executive officer now owns 743,404 shares of the company’s stock, valued at approximately $142,726,133.96. The disclosure for this sale can be found here. Insiders have sold a total of 141,147 shares of company stock valued at $25,137,197 in the last quarter. Insiders own 8.30% of the company’s stock.
Large investors have recently made changes to their positions in the business. Duncker Streett & Co. Inc. acquired a new stake in HubSpot during the 2nd quarter valued at $34,000. Capital Investment Advisory Services LLC acquired a new position in shares of HubSpot in the second quarter worth $36,000. Pearl River Capital LLC acquired a new position in shares of HubSpot in the second quarter worth $48,000. FTB Advisors Inc. increased its stake in shares of HubSpot by 58.8% in the second quarter. FTB Advisors Inc. now owns 351 shares of the software maker’s stock worth $59,000 after acquiring an additional 130 shares during the last quarter. Finally, CSat Investment Advisory L.P. acquired a new position in shares of HubSpot in the second quarter worth $66,000. 91.86% of the stock is currently owned by institutional investors.
About HubSpot
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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