HubSpot (NYSE:HUBS) Releases FY19 Earnings Guidance

HubSpot (NYSE:HUBS) updated its FY19 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 $636.55 million.HubSpot also updated its FY 2019 guidance to $1.08-1.16 EPS.

Several analysts have issued reports on the company. Stifel Nicolaus boosted their price objective on HubSpot from $160.00 to $185.00 and gave the stock a buy rating in a report on Wednesday, February 13th. Royal Bank of Canada boosted their price objective on HubSpot to $167.00 and gave the stock a market perform rating in a report on Wednesday, February 13th. JPMorgan Chase & Co. upped their target price on HubSpot to $180.00 and gave the company an overweight rating in a report on Wednesday, February 13th. Jefferies Financial Group upped their target price on HubSpot to $200.00 and gave the company a buy rating in a report on Wednesday, February 13th. Finally, Raymond James upped their target price on 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 given a buy rating and one has issued a strong buy rating to the company. HubSpot presently has an average rating of Buy and an average target price of $170.29.

HubSpot stock traded up $1.82 during mid-day trading on Wednesday, hitting $169.51. 27,261 shares of the company were exchanged, compared to its average volume of 768,465. 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 has a 1-year low of $101.45 and a 1-year high of $180.00. The firm has a market capitalization of $6.69 billion, a P/E ratio of -166.18 and a beta of 1.92.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $144.02 million during the quarter, compared to analyst estimates of $137.48 million. During the same period in the prior year, the company posted $0.12 earnings per share. The business’s revenue for the quarter was up 35.2% compared to the same quarter last year. On average, equities research analysts predict that HubSpot will post -1.09 EPS for the current fiscal year.

In related news, insider J Donald Sherman sold 15,000 shares of the firm’s stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $127.08, for a total value of $1,906,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel John P. Kelleher sold 508 shares of the firm’s 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 disclosure for this sale can be found here. Insiders have sold 74,763 shares of company stock valued at $10,819,780 over the last quarter. Corporate insiders own 9.60% of the company’s stock.

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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. 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.