HubSpot (NYSE:HUBS) updated its FY 2019 earnings guidance on Tuesday. The company provided EPS guidance of $1.08-1.16 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.12. The company issued revenue guidance of $648-652 million, compared to the consensus revenue estimate of $636.56 million.HubSpot also updated its FY19 guidance to $1.08-1.16 EPS.
Several brokerages recently weighed in on HUBS. Deutsche Bank boosted their price objective on shares of HubSpot from $150.00 to $168.00 and gave the stock a hold rating in a research note on Wednesday, February 13th. Bank of America boosted their price objective on shares of HubSpot from $185.00 to $205.00 and gave the stock a buy rating in a research note on Wednesday, February 13th. Canaccord Genuity boosted their target price on shares of HubSpot from $160.00 to $190.00 and gave the company a buy rating in a report on Wednesday, February 13th. Raymond James boosted their target price on shares of HubSpot from $155.00 to $181.00 and gave the company an outperform rating in a report on Wednesday, February 13th. Finally, Needham & Company LLC restated a buy rating and issued a $198.00 target price (up previously from $145.00) on shares of HubSpot 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 given a strong buy rating to the company’s stock. HubSpot has a consensus rating of Buy and a consensus price target of $170.29.
Shares of NYSE HUBS traded up $1.71 during trading on Wednesday, hitting $169.40. 10,181 shares of the company traded hands, compared to its average volume of 768,465. HubSpot has a fifty-two week low of $101.45 and a fifty-two week high of $180.00. The firm has a market capitalization of $6.69 billion, a P/E ratio of -164.98 and a beta of 1.92. 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 (NYSE:HUBS) last announced its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.54. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The firm had revenue of $144.02 million for the quarter, compared to analyst estimates of $137.48 million. During the same quarter in the prior year, the business earned $0.12 earnings per share. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. Equities research analysts forecast that HubSpot will post -1.09 EPS for the current year.
In other news, General Counsel John P. Kelleher sold 389 shares of the stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $160.54, for a total transaction of $62,450.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian Halligan sold 15,277 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 680,046 shares of the company’s stock, valued at $83,768,066.28. The disclosure for this sale can be found here. Insiders have sold 74,763 shares of company stock worth $10,819,780 in the last quarter. Company insiders own 9.60% of the company’s stock.
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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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