HubSpot (NYSE:HUBS) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.26-1.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.14. The company issued revenue guidance of $655.5-658.5 million, compared to the consensus revenue estimate of $651.58 million.HubSpot also updated its Q2 guidance to $0.24-0.26 EPS.
Shares of HubSpot stock traded down $2.08 during mid-day trading on Wednesday, hitting $179.84. 990,844 shares of the stock were exchanged, compared to its average volume of 575,092. HubSpot has a 12 month low of $106.95 and a 12 month high of $186.96. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 1.30. The stock has a market cap of $7.75 billion, a P/E ratio of -176.31 and a beta of 1.91.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Tuesday, May 7th. The software maker reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.10. The company had revenue of $151.80 million for the quarter, compared to analysts’ expectations of $147.47 million. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. HubSpot’s revenue was up 32.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 EPS. On average, equities analysts anticipate that HubSpot will post -1.1 EPS for the current year.
A number of equities research analysts recently commented on the stock. Piper Jaffray Companies lifted their price target on shares of HubSpot from $185.00 to $200.00 and gave the stock an overweight rating in a report on Tuesday, April 30th. Royal Bank of Canada lifted their price target on shares of HubSpot from $167.00 to $187.00 and gave the stock a sector perform rating in a report on Monday. Morgan Stanley lifted their price target on shares of HubSpot from $160.00 to $175.00 and gave the stock an equal weight rating in a report on Wednesday. Deutsche Bank lifted their price target on shares of HubSpot from $168.00 to $180.00 and gave the stock a hold rating in a report on Wednesday. Finally, Stephens set a $198.00 price target on shares of HubSpot and gave the stock a buy rating in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $187.53.
In related news, insider Hunter Madeley sold 1,138 shares of HubSpot stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $172.75, for a total value of $196,589.50. Following the completion of the transaction, the insider now directly owns 40,663 shares in the company, valued at approximately $7,024,533.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dharmesh Shah sold 28,000 shares of HubSpot stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $166.53, for a total transaction of $4,662,840.00. Following the completion of the transaction, the insider now owns 1,545,145 shares of the company’s stock, valued at $257,312,996.85. The disclosure for this sale can be found here. Insiders sold a total of 87,896 shares of company stock valued at $14,700,297 over the last quarter. 9.60% of the stock is owned by company 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. 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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