HubSpot Inc (NYSE:HUBS) – Research analysts at Jefferies Financial Group lowered their Q1 2019 EPS estimates for shares of HubSpot in a research report issued to clients and investors on Wednesday, February 13th. Jefferies Financial Group analyst S. Samana now expects that the software maker will earn ($0.27) per share for the quarter, down from their previous estimate of ($0.23). Jefferies Financial Group has a “Buy” rating and a $200.00 price target on the stock. Jefferies Financial Group also issued estimates for HubSpot’s Q2 2019 earnings at ($0.34) EPS, Q3 2019 earnings at ($0.38) EPS, Q4 2019 earnings at ($0.13) EPS, FY2019 earnings at ($1.12) EPS, Q1 2020 earnings at ($0.20) EPS, Q2 2020 earnings at ($0.28) EPS, Q3 2020 earnings at ($0.31) EPS, Q4 2020 earnings at ($0.02) EPS and FY2020 earnings at ($0.81) EPS.
HubSpot (NYSE:HUBS) last released its earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, beating 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 company had revenue of $144.02 million for the quarter, compared to analysts’ expectations of $137.48 million. During the same quarter in the previous year, the business posted $0.12 EPS. The business’s revenue for the quarter was up 35.2% on a year-over-year basis.
Several other equities research analysts have also issued reports on HUBS. Raymond James lifted their price target on HubSpot from $155.00 to $181.00 and gave the company an “outperform” rating in a report on Wednesday, February 13th. Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a report on Monday, January 28th. Deutsche Bank lifted their price target on HubSpot from $150.00 to $168.00 and gave the company a “hold” rating in a report on Wednesday, February 13th. Canaccord Genuity lifted their price target on HubSpot from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $198.00 price target (up from $145.00) on shares of HubSpot 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 given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $170.29.
NYSE:HUBS opened at $166.09 on Monday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.15 and a current ratio of 3.01. HubSpot has a fifty-two week low of $101.45 and a fifty-two week high of $180.00. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of -162.83 and a beta of 1.92.
In related news, CEO Brian Halligan sold 15,277 shares of the business’s stock in a transaction that occurred on Thursday, December 20th. The stock was sold at an average price of $123.18, for a total value of $1,881,820.86. Following the completion of the sale, the chief executive officer now directly owns 680,046 shares in the company, valued at approximately $83,768,066.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald S. Gill sold 4,133 shares of the business’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 value of $689,880.36. Following the completion of the sale, the director now owns 18,207 shares of the company’s stock, valued at $3,039,112.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,763 shares of company stock valued at $6,156,940. Corporate insiders own 9.60% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in HubSpot by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,171,764 shares of the software maker’s stock worth $478,778,000 after purchasing an additional 95,762 shares during the last quarter. Vanguard Group Inc lifted its holdings in HubSpot by 3.1% in the 3rd quarter. Vanguard Group Inc now owns 3,171,764 shares of the software maker’s stock worth $478,778,000 after purchasing an additional 95,762 shares during the last quarter. Capital Research Global Investors lifted its holdings in HubSpot by 164.5% in the 3rd quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock worth $286,814,000 after purchasing an additional 1,181,611 shares during the last quarter. Jennison Associates LLC lifted its holdings in HubSpot by 2.2% in the 4th quarter. Jennison Associates LLC now owns 963,745 shares of the software maker’s stock worth $121,172,000 after purchasing an additional 20,323 shares during the last quarter. Finally, Scge Management L.P. lifted its holdings in HubSpot by 10.4% in the 3rd quarter. Scge Management L.P. now owns 878,650 shares of the software maker’s stock worth $132,632,000 after purchasing an additional 83,000 shares during the last quarter. Hedge funds and other institutional investors own 93.19% of the company’s stock.
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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