HubSpot (NYSE:HUBS) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.08-1.16 for the period, compared to the Thomson Reuters consensus estimate of $1.12. The company issued revenue guidance of $648-652 million, compared to the consensus revenue estimate of $636.56 million.HubSpot also updated its FY19 guidance to $1.08-1.16 EPS.
A number of research analysts have weighed in on the company. Stifel Nicolaus raised their price objective on HubSpot from $160.00 to $185.00 and gave the company a buy rating in a report on Wednesday, February 13th. Royal Bank of Canada lifted their price target on HubSpot to $167.00 and gave the stock a market perform rating in a report on Wednesday, February 13th. JPMorgan Chase & Co. boosted their price objective on shares of HubSpot to $180.00 and gave the company an overweight rating in a report on Wednesday, February 13th. Jefferies Financial Group boosted their price objective on shares of HubSpot to $200.00 and gave the company a buy rating in a report on Wednesday, February 13th. Finally, Raymond James boosted their price objective on shares of HubSpot from $155.00 to $181.00 and gave the company an outperform rating in a report on Wednesday, February 13th. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. HubSpot presently has an average rating of Buy and an average price target of $170.29.
Shares of HubSpot stock traded down $0.47 during trading hours on Tuesday, hitting $165.62. 554,325 shares of the company were exchanged, compared to its average volume of 711,422. HubSpot has a 1 year low of $101.45 and a 1 year high of $180.00. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.01 and a quick ratio of 3.15. The stock has a market capitalization of $6.57 billion, a PE ratio of -162.37 and a beta of 1.92.
HubSpot (NYSE:HUBS) last released its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The business had revenue of $144.02 million during the quarter, compared to analysts’ expectations of $137.48 million. During the same quarter in the prior year, the business earned $0.12 earnings per share. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. As a group, equities research analysts anticipate that HubSpot will post -0.99 EPS for the current year.
In related news, insider Dharmesh Shah sold 28,000 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $166.53, for a total transaction of $4,662,840.00. Following the sale, the insider now directly owns 1,545,145 shares in the company, valued at approximately $257,312,996.85. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brian Halligan sold 15,277 shares of the firm’s stock in a transaction that occurred on Thursday, December 20th. The shares were sold at an average price of $123.18, for a total value of $1,881,820.86. Following the sale, the chief executive officer now owns 680,046 shares of the company’s stock, valued at approximately $83,768,066.28. The disclosure for this sale can be found here. Insiders sold 74,763 shares of company stock worth $10,819,780 in the last three months. 9.60% of the stock is owned by corporate 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. 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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