Equities research analysts expect HubSpot Inc (NYSE:HUBS) to report sales of $137.56 million for the current quarter, Zacks reports. Eleven analysts have made estimates for HubSpot’s earnings, with estimates ranging from $136.90 million to $140.74 million. HubSpot reported sales of $106.54 million during the same quarter last year, which would suggest a positive year over year growth rate of 29.1%. The firm is scheduled to report its next quarterly earnings report on Tuesday, February 12th.
On average, analysts expect that HubSpot will report full year sales of $505.82 million for the current fiscal year, with estimates ranging from $501.00 million to $509.70 million. For the next financial year, analysts expect that the business will report sales of $637.13 million, with estimates ranging from $617.71 million to $657.57 million. Zacks’ sales averages are an average based on a survey of research analysts that follow HubSpot.
HubSpot (NYSE:HUBS) last issued its earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.07. The company had revenue of $144.02 million during the quarter, compared to the consensus estimate of $137.48 million. HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. HubSpot’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 EPS.
HUBS has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. Deutsche Bank initiated coverage on shares of HubSpot in a report on Friday, January 25th. They issued a “hold” rating and a $150.00 target price for the company. CIBC reaffirmed a “market perform” rating on shares of HubSpot in a report on Thursday, January 24th. Bank of America reaffirmed a “buy” rating and issued a $185.00 target price (up previously from $180.00) on shares of HubSpot in a report on Wednesday, January 23rd. Finally, Oppenheimer upped their target price on shares of HubSpot from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, November 8th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $156.56.
Shares of HubSpot stock opened at $172.00 on Wednesday. The firm has a market capitalization of $6.58 billion, a P/E ratio of -168.63 and a beta of 1.92. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.37. HubSpot has a fifty-two week low of $95.56 and a fifty-two week high of $172.54.
In other HubSpot news, General Counsel John P. Kelleher sold 972 shares of the business’s stock in a transaction on Thursday, January 3rd. The shares were sold at an average price of $122.60, for a total value of $119,167.20. Following the sale, the general counsel now owns 39,659 shares in the company, valued at approximately $4,862,193.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian Halligan sold 15,277 shares of the business’s stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $123.18, for a total transaction of $1,881,820.86. Following the completion of the sale, the chief executive officer now owns 680,046 shares in the company, valued at approximately $83,768,066.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,763 shares of company stock worth $9,545,440. Corporate insiders own 9.60% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Ffcm LLC purchased a new stake in HubSpot in the 4th quarter worth $25,000. CWM LLC purchased a new stake in HubSpot in the 4th quarter worth $40,000. First Hawaiian Bank purchased a new stake in HubSpot in the 4th quarter worth $43,000. Mckinley Capital Management LLC Delaware purchased a new stake in HubSpot in the 4th quarter worth $51,000. Finally, DekaBank Deutsche Girozentrale lifted its stake in HubSpot by 85.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock worth $119,000 after purchasing an additional 385 shares in the last quarter. Institutional investors and hedge funds own 93.19% of the company’s stock.
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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