On average, analysts expect that HubSpot will report full-year sales of $651.96 million for the current fiscal year, with estimates ranging from $648.47 million to $658.71 million. For the next year, analysts anticipate that the firm will report sales of $799.82 million, with estimates ranging from $756.49 million to $823.28 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover HubSpot.
HubSpot (NYSE:HUBS) last released its earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share 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 business 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 company earned $0.12 earnings per share. The business’s revenue for the quarter was up 35.2% compared to the same quarter last year.
Several analysts have recently weighed in on HUBS shares. Stephens started coverage on HubSpot in a research report on Thursday, January 17th. They set an “overweight” rating and a $191.00 target price for the company. UBS Group downgraded HubSpot from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 24th. CIBC reiterated a “market perform” rating on shares of HubSpot in a research report on Thursday, January 24th. Oppenheimer reiterated a “market perform” rating on shares of HubSpot in a research report on Thursday, January 24th. Finally, Deutsche Bank started coverage on HubSpot in a research report on Friday, January 25th. They set a “hold” rating and a $150.00 target price for the company. Eight 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 currently has a consensus rating of “Buy” and a consensus price target of $175.31.
In other HubSpot news, General Counsel John P. Kelleher sold 389 shares of the business’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $160.54, for a total value of $62,450.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dharmesh Shah sold 28,000 shares of the business’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 completion of the transaction, the insider now owns 1,545,145 shares of the company’s stock, valued at $257,312,996.85. The disclosure for this sale can be found here. Insiders sold 71,643 shares of company stock valued at $10,482,822 over the last 90 days. 9.60% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the business. Ffcm LLC purchased a new stake in shares of HubSpot during the fourth quarter worth about $25,000. Executive Wealth Management LLC purchased a new stake in shares of HubSpot during the fourth quarter worth about $26,000. CWM LLC purchased a new stake in shares of HubSpot during the fourth quarter worth about $40,000. First Hawaiian Bank purchased a new stake in shares of HubSpot during the fourth quarter worth about $43,000. Finally, Mckinley Capital Management LLC Delaware purchased a new stake in shares of HubSpot during the fourth quarter worth about $51,000. Institutional investors and hedge funds own 95.74% of the company’s stock.
Shares of NYSE:HUBS traded down $1.35 on Friday, hitting $166.91. 702,700 shares of the company’s stock were exchanged, compared to its average volume of 648,102. HubSpot has a 12 month low of $101.45 and a 12 month high of $180.00. The company has a market cap of $6.64 billion, a price-to-earnings ratio of -163.64 and a beta of 1.91. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 1.30.
About HubSpot
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company’s software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.
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