HubSpot Inc (NYSE:HUBS) – Equities researchers at SunTrust Banks increased their FY2020 earnings per share (EPS) estimates for shares of HubSpot in a note issued to investors on Monday, May 13th. SunTrust Banks analyst T. Tillman now anticipates that the software maker will earn ($0.68) per share for the year, up from their previous estimate of ($0.69). SunTrust Banks currently has a “Buy” rating and a $205.00 target price on the stock. SunTrust Banks also issued estimates for HubSpot’s FY2021 earnings at ($0.22) EPS.
A number of other analysts also recently issued reports on HUBS. Zacks Investment Research downgraded HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Deutsche Bank initiated coverage on HubSpot in a research report on Friday, January 25th. They issued a “hold” rating and a $150.00 target price for the company. Bank of America reaffirmed a “buy” rating and issued a $185.00 target price (up from $180.00) on shares of HubSpot in a research report on Wednesday, January 23rd. CIBC reaffirmed a “market perform” rating on shares of HubSpot in a research report on Thursday, January 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $198.00 target price (up from $145.00) on shares of HubSpot in a research report on Wednesday, February 13th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $187.53.
Shares of HUBS stock opened at $179.26 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 4.03 and a current ratio of 4.03. The firm has a market capitalization of $7.47 billion, a price-to-earnings ratio of -175.75 and a beta of 1.91. HubSpot has a fifty-two week low of $108.39 and a fifty-two week high of $186.96.
HubSpot (NYSE:HUBS) last announced its earnings results on Tuesday, May 7th. The software maker reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.10. The firm had revenue of $151.80 million for the quarter, compared to analyst estimates of $147.47 million. HubSpot had a negative return on equity of 10.68% and a negative net margin of 10.81%. The business’s revenue was up 32.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS.
A number of large investors have recently made changes to their positions in HUBS. Ffcm LLC bought a new position in HubSpot during the 4th quarter worth approximately $25,000. Executive Wealth Management LLC acquired a new position in shares of HubSpot in the 4th quarter worth $26,000. Sageworth Trust Co acquired a new position in shares of HubSpot in the 1st quarter worth $38,000. CWM LLC acquired a new position in shares of HubSpot in the 4th quarter worth $40,000. Finally, First Hawaiian Bank acquired a new position in shares of HubSpot in the 4th quarter worth $43,000. Institutional investors own 91.11% of the company’s stock.
In related news, insider Hunter Madeley sold 1,138 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $172.75, for a total transaction of $196,589.50. Following the transaction, the insider now directly owns 40,663 shares in the company, valued at $7,024,533.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel John P. Kelleher sold 390 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $172.75, for a total value of $67,372.50. Following the transaction, the general counsel now owns 44,735 shares in the company, valued at $7,727,971.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,763 shares of company stock valued at $14,010,416. 9.60% of the stock is owned by company insiders.
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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