Analysts forecast that HubSpot Inc (NYSE:HUBS) will announce earnings per share (EPS) of $0.30 for the current quarter, according to Zacks. Ten analysts have issued estimates for HubSpot’s earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.31. HubSpot reported earnings of $0.12 per share during the same quarter last year, which would indicate a positive year over year growth rate of 150%. The business is expected to announce its next quarterly earnings results after the market closes on Tuesday, February 12th.
According to Zacks, analysts expect that HubSpot will report full year earnings of $0.81 per share for the current financial year, with EPS estimates ranging from $0.80 to $0.84. For the next financial year, analysts expect that the company will report earnings of $1.16 per share, with EPS estimates ranging from $0.89 to $1.34. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for HubSpot.
HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 7th. The software maker reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.37). The business had revenue of $131.83 million for the quarter, compared to analyst estimates of $126.65 million. HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. The company’s quarterly revenue was up 34.9% on a year-over-year basis. During the same period last year, the firm earned $0.03 earnings per share.
A number of research analysts have weighed in on HUBS shares. Zacks Investment Research cut shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Oppenheimer lifted their price target on shares of HubSpot from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, November 8th. UBS Group cut shares of HubSpot from an “outperform” rating to a “market perform” rating in a research report on Thursday. Morgan Stanley dropped their price objective on shares of HubSpot from $148.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 23rd. Finally, Stephens assumed coverage on shares of HubSpot in a research note on Thursday, January 17th. They issued an “overweight” rating and a $191.00 price target for the company. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $152.12.
In other HubSpot news, insider Hunter Madeley sold 1,199 shares of the business’s stock in a transaction on Monday, January 14th. The shares were sold at an average price of $137.13, for a total transaction of $164,418.87. Following the completion of the sale, the insider now owns 35,526 shares in the company, valued at $4,871,680.38. The transaction was disclosed in a legal 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 shares were sold at an average price of $123.18, for a total transaction of $1,881,820.86. Following the sale, the chief executive officer now owns 680,046 shares of the company’s stock, valued at approximately $83,768,066.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,884 shares of company stock valued at $9,389,695. 9.60% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in HubSpot by 3.1% during the third quarter. Vanguard Group Inc. now owns 3,171,764 shares of the software maker’s stock valued at $478,778,000 after purchasing an additional 95,762 shares during the last quarter. Vanguard Group Inc increased its stake in HubSpot by 3.1% during the third quarter. Vanguard Group Inc now owns 3,171,764 shares of the software maker’s stock valued at $478,778,000 after purchasing an additional 95,762 shares during the last quarter. Capital Research Global Investors increased its stake in HubSpot by 164.5% during the third quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock valued at $286,814,000 after purchasing an additional 1,181,611 shares during the last quarter. Jennison Associates LLC increased its stake in HubSpot by 8.1% during the third quarter. Jennison Associates LLC now owns 943,422 shares of the software maker’s stock valued at $142,410,000 after purchasing an additional 70,430 shares during the last quarter. Finally, Scge Management L.P. increased its stake in HubSpot by 10.4% during the third quarter. Scge Management L.P. now owns 878,650 shares of the software maker’s stock valued at $132,632,000 after purchasing an additional 83,000 shares during the last quarter. Hedge funds and other institutional investors own 93.64% of the company’s stock.
HUBS stock traded up $1.62 during midday trading on Friday, reaching $151.54. 524,773 shares of the company’s stock traded hands, compared to its average volume of 506,044. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of -148.57 and a beta of 1.80. 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 $85.65 and a fifty-two week high of $162.20.
About HubSpot
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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