HubSpot Inc (NYSE:HUBS) – Jefferies Financial Group raised their FY2019 earnings per share estimates for HubSpot in a report issued on Thursday, September 5th, according to Zacks Investment Research. Jefferies Financial Group analyst S. Samana now anticipates that the software maker will earn ($0.74) per share for the year, up from their previous forecast of ($0.75). Jefferies Financial Group currently has a “Buy” rating and a $230.00 price objective on the stock. Jefferies Financial Group also issued estimates for HubSpot’s Q1 2020 earnings at ($0.18) EPS, Q2 2020 earnings at ($0.20) EPS, Q3 2020 earnings at ($0.32) EPS, Q4 2020 earnings at ($0.12) EPS and FY2020 earnings at ($0.81) EPS.
A number of other research firms have also recently issued reports on HUBS. ValuEngine upgraded HubSpot from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Evercore ISI set a $175.00 price objective on HubSpot and gave the company a “hold” rating in a research report on Wednesday, August 7th. KeyCorp restated a “hold” rating on shares of HubSpot in a research report on Wednesday, September 4th. Bank of America set a $215.00 price objective on HubSpot and gave the company a “buy” rating in a research report on Thursday, September 5th. Finally, Morgan Stanley boosted their price objective on HubSpot from $175.00 to $186.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. Eight investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $196.60.
HUBS opened at $164.11 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.97 and a current ratio of 3.97. HubSpot has a 1 year low of $108.39 and a 1 year high of $207.98. The stock’s 50 day simple moving average is $188.14 and its 200-day simple moving average is $177.01.
HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.26) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.07. The company had revenue of $163.30 million for the quarter, compared to the consensus estimate of $157.26 million. HubSpot had a negative return on equity of 7.93% and a negative net margin of 9.92%. The company’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 EPS.
Several institutional investors and hedge funds have recently modified their holdings of the company. Atria Investments LLC lifted its stake in shares of HubSpot by 35.1% during the second quarter. Atria Investments LLC now owns 2,010 shares of the software maker’s stock valued at $373,000 after acquiring an additional 522 shares during the period. Treasurer of the State of North Carolina acquired a new position in shares of HubSpot during the second quarter valued at $2,725,000. Chartwell Investment Partners LLC acquired a new position in shares of HubSpot during the second quarter valued at $1,077,000. Verition Fund Management LLC acquired a new position in shares of HubSpot during the second quarter valued at $2,275,000. Finally, Vista Equity Partners Management LLC lifted its stake in shares of HubSpot by 13.5% during the second quarter. Vista Equity Partners Management LLC now owns 133,138 shares of the software maker’s stock valued at $22,703,000 after acquiring an additional 15,884 shares during the period. 92.45% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Hunter Madeley sold 1,008 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $174.65, for a total transaction of $176,047.20. Following the transaction, the insider now owns 33,817 shares of the company’s stock, valued at $5,906,139.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $177.65, for a total value of $1,510,025.00. Following the transaction, the chief executive officer now directly owns 753,902 shares in the company, valued at approximately $133,930,690.30. The disclosure for this sale can be found here. Insiders sold 141,147 shares of company stock worth $25,137,197 over the last quarter. Company insiders own 8.30% 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. 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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