HubSpot (NYSE:HUBS) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.24-0.26 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.23. The company issued revenue guidance of $156.5-157.5 million, compared to the consensus revenue estimate of $156.14 million.HubSpot also updated its FY19 guidance to $1.26-1.30 EPS.
HUBS stock traded down $2.08 during midday trading on Wednesday, reaching $179.84. 990,844 shares of the company’s stock traded hands, compared to its average volume of 575,092. HubSpot has a 1-year low of $106.95 and a 1-year high of $186.96. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of -176.31 and a beta of 1.91. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.01 and a quick ratio of 3.01.
HubSpot (NYSE:HUBS) last released its quarterly earnings results on Tuesday, May 7th. The software maker reported ($0.14) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.10. The firm had revenue of $151.80 million during the quarter, compared to analysts’ expectations of $147.47 million. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The business’s revenue was up 32.5% on a year-over-year basis. During the same period last year, the firm posted $0.15 EPS. On average, equities analysts expect that HubSpot will post -1.1 earnings per share for the current fiscal year.
HUBS has been the subject of several research reports. Zacks Investment Research cut HubSpot from a buy rating to a hold rating in a research note on Tuesday, January 29th. Deutsche Bank began coverage on HubSpot in a research note on Friday, January 25th. They issued a hold rating and a $150.00 target price for the company. Bank of America reaffirmed a buy rating and set a $185.00 price objective (up from $180.00) on shares of HubSpot in a research note on Wednesday, January 23rd. CIBC reaffirmed a market perform rating on shares of HubSpot in a research note on Thursday, January 24th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $198.00 price objective (up from $145.00) on shares of HubSpot in a research note on Wednesday, February 13th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. HubSpot has a consensus rating of Buy and a consensus target price of $187.53.
In other news, insider Hunter Madeley sold 1,005 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $181.00, for a total value of $181,905.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $168.73, for a total value of $4,218,250.00. Following the completion of the sale, the chief executive officer now owns 777,390 shares in the company, valued at $131,169,014.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,896 shares of company stock worth $14,700,297. Corporate 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. 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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