HubSpot (HUBS) Updates FY19 Earnings Guidance

HubSpot (NYSE:HUBS) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.26-1.30 for the period, compared to the Thomson Reuters consensus earnings per share 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 NYSE HUBS traded down $4.18 during mid-day trading on Tuesday, reaching $181.92. 656,000 shares of the company traded hands, compared to its average volume of 569,816. HubSpot has a fifty-two week low of $106.95 and a fifty-two week high of $186.96. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.01 and a quick ratio of 3.01. The firm has a market capitalization of $7.75 billion, a PE ratio of -178.35 and a beta of 1.91.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $144.02 million for the quarter, compared to analyst estimates of $137.48 million. During the same quarter last year, the business earned $0.12 earnings per share. The business’s revenue for the quarter was up 35.2% on a year-over-year basis. Sell-side analysts anticipate that HubSpot will post -1.1 earnings per share for the current fiscal year.

HUBS has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of HubSpot from a buy rating to a hold rating in a research note on Thursday, January 10th. Stephens assumed coverage on shares of HubSpot in a research report on Thursday, January 17th. They issued an overweight rating and a $191.00 price target on the stock. Bank of America restated a buy rating and issued a $185.00 price target (up previously from $180.00) on shares of HubSpot in a research report on Wednesday, January 23rd. UBS Group lowered shares of HubSpot from an outperform rating to a market perform rating in a research report on Thursday, January 24th. Finally, Oppenheimer restated a market perform rating on shares of HubSpot in a research report on Thursday, January 24th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. HubSpot currently has an average rating of Buy and a consensus target price of $178.29.

In related news, General Counsel John P. Kelleher sold 390 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $181.00, for a total value of $70,590.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald S. Gill sold 4,133 shares of the firm’s stock in a transaction that occurred 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 approximately $3,039,112.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 87,896 shares of company stock worth $14,700,297. 9.60% of the stock is currently owned by company insiders.

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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.