Analysts expect that HubSpot Inc (NYSE:HUBS) will announce $147.62 million in sales for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for HubSpot’s earnings. The highest sales estimate is $149.77 million and the lowest is $146.95 million. HubSpot reported sales of $114.56 million in the same quarter last year, which indicates a positive year-over-year growth rate of 28.9%. The firm is scheduled to announce its next earnings results on Thursday, May 9th.
On average, analysts expect that HubSpot will report full year sales of $651.96 million for the current financial year, with estimates ranging from $648.47 million to $658.71 million. For the next fiscal year, analysts forecast that the company will report sales of $799.82 million, with estimates ranging from $756.49 million to $823.28 million. Zacks’ sales calculations are an average based on a survey of analysts that follow HubSpot.
HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. The business had revenue of $144.02 million during the quarter, compared to analyst estimates of $137.48 million. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The firm’s revenue was up 35.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.12 EPS.
Several brokerages have recently issued reports on HUBS. Stifel Nicolaus lifted their price target on HubSpot from $160.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. Royal Bank of Canada lifted their price target on HubSpot to $167.00 and gave the company a “market perform” rating in a report on Wednesday, February 13th. JPMorgan Chase & Co. lifted their price target on HubSpot to $180.00 and gave the company an “overweight” rating in a report on Wednesday, February 13th. Jefferies Financial Group lifted their price target on HubSpot to $200.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. Finally, 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. 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’s stock. HubSpot currently has a consensus rating of “Buy” and a consensus price target of $170.29.
In other HubSpot news, insider Dharmesh Shah sold 28,000 shares of HubSpot stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $166.53, for a total value of $4,662,840.00. Following the transaction, the insider now directly owns 1,545,145 shares of the company’s stock, valued at approximately $257,312,996.85. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brian Halligan sold 15,277 shares of HubSpot 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 transaction, the chief executive officer now directly owns 680,046 shares in the company, valued at $83,768,066.28. The disclosure for this sale can be found here. Insiders sold a total of 75,783 shares of company stock worth $11,013,363 over the last three months. 9.60% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in HUBS. Vanguard Group Inc. boosted its position in shares of HubSpot by 3.1% during the third quarter. Vanguard Group Inc. now owns 3,171,764 shares of the software maker’s stock worth $478,778,000 after buying an additional 95,762 shares during the period. Vanguard Group Inc grew its position 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 period. Capital Research Global Investors grew its position 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 period. Jennison Associates LLC grew its position 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 period. Finally, Scge Management L.P. grew its position 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 period. Institutional investors and hedge funds own 95.01% of the company’s stock.
Shares of HubSpot stock opened at $162.19 on Friday. 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 52-week low of $101.45 and a 52-week high of $180.00.
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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