HubSpot (NYSE:HUBS) updated its first quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.23-0.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.24. The company issued revenue guidance of $146.5-147.5 million, compared to the consensus revenue estimate of $145.95 million.HubSpot also updated its FY 2019 guidance to $1.08-1.16 EPS.
A number of research analysts have recently commented on the company. Royal Bank of Canada increased their price target on HubSpot from $138.00 to $147.00 and gave the company a sector perform rating in a research note on Thursday, November 8th. Stifel Nicolaus increased their price target on HubSpot from $160.00 to $185.00 and gave the company a buy rating in a research note on Wednesday, February 13th. Zacks Investment Research reiterated a hold rating on shares of HubSpot in a research note on Tuesday, November 13th. Oppenheimer restated a market perform rating on shares of HubSpot in a report on Thursday, January 24th. Finally, Jefferies Financial Group increased their price objective on HubSpot to $200.00 and gave the company a buy rating in a report on Wednesday, February 13th. Nine equities research 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 company’s stock. The company has a consensus rating of Buy and an average target price of $170.29.
HubSpot stock traded up $1.39 during trading hours on Wednesday, reaching $169.08. 19,799 shares of the company’s stock were exchanged, compared to its average volume of 768,465. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 1.30. HubSpot has a twelve month low of $101.45 and a twelve month high of $180.00. The company has a market cap of $6.69 billion, a P/E ratio of -166.40 and a beta of 1.92.
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. 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 the consensus estimate of $137.48 million. During the same period last year, the business posted $0.12 EPS. The business’s revenue was up 35.2% compared to the same quarter last year. Equities research analysts forecast that HubSpot will post -1.09 EPS for the current fiscal year.
In related news, insider Dharmesh Shah sold 28,000 shares of the firm’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $166.53, for a total transaction of $4,662,840.00. Following the completion of the transaction, the insider now directly owns 1,545,145 shares of the company’s stock, valued at $257,312,996.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald S. Gill sold 4,133 shares of the business’s 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 sale, 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 have sold a total of 74,763 shares of company stock valued at $10,819,780 over the last 90 days. Company 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.
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