HubSpot Inc (NYSE:HUBS) – Piper Jaffray Companies issued their Q1 2019 earnings per share estimates for shares of HubSpot in a research note issued to investors on Wednesday, February 13th. Piper Jaffray Companies analyst A. Zukin expects that the software maker will post earnings of ($0.22) per share for the quarter. Piper Jaffray Companies also issued estimates for HubSpot’s Q2 2019 earnings at ($0.34) EPS, Q3 2019 earnings at ($0.38) EPS, Q4 2019 earnings at ($0.12) EPS and FY2019 earnings at ($1.13) EPS.
HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.54. The firm had revenue of $144.02 million during the quarter, compared to analysts’ expectations of $137.48 million. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. HubSpot’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 EPS.
Other analysts have also recently issued research reports about the stock. Bank of America reiterated a “buy” rating and set a $185.00 price target (up previously from $180.00) on shares of HubSpot in a research note on Wednesday, January 23rd. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Wednesday, November 14th. Needham & Company LLC reiterated a “buy” rating and set a $198.00 price target (up previously from $145.00) on shares of HubSpot in a research note on Wednesday, February 13th. Canaccord Genuity raised their target price on shares of HubSpot from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. Finally, Jefferies Financial Group raised their target price on shares of HubSpot to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $170.29.
Shares of NYSE:HUBS opened at $166.09 on Monday. The firm has a market cap of $6.58 billion, a P/E ratio of -162.83 and a beta of 1.92. The company has a quick ratio of 3.15, a current ratio of 3.01 and a debt-to-equity ratio of 1.30. HubSpot has a 1-year low of $101.45 and a 1-year high of $180.00.
Several institutional investors and hedge funds have recently made changes to their positions in HUBS. Dimensional Fund Advisors LP increased its holdings in shares of HubSpot by 46.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 55,670 shares of the software maker’s stock valued at $6,982,000 after purchasing an additional 17,640 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of HubSpot by 34.6% in the 3rd quarter. Bank of Montreal Can now owns 19,930 shares of the software maker’s stock valued at $3,009,000 after purchasing an additional 5,126 shares in the last quarter. Moody Lynn & Lieberson LLC purchased a new position in shares of HubSpot in the 3rd quarter valued at about $634,000. Public Employees Retirement Association of Colorado increased its holdings in shares of HubSpot by 10.9% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 90,820 shares of the software maker’s stock valued at $13,709,000 after purchasing an additional 8,900 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of HubSpot in the 3rd quarter valued at about $452,000. Institutional investors and hedge funds own 93.19% of the company’s stock.
In other news, General Counsel John P. Kelleher sold 508 shares of the stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $138.54, for a total value of $70,378.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald S. Gill sold 4,133 shares of the stock in a transaction dated Monday, February 11th. The shares were 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 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. Insiders sold a total of 46,763 shares of company stock valued at $6,156,940 in the last 90 days. Company insiders own 9.60% 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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