HubSpot Inc (NYSE:HUBS) – Research analysts at Jefferies Financial Group cut their Q1 2019 earnings per share estimates for HubSpot in a research note issued on Wednesday, February 13th, Zacks Investment Research reports. Jefferies Financial Group analyst S. Samana now anticipates that the software maker will earn ($0.27) per share for the quarter, down from their prior estimate of ($0.23). Jefferies Financial Group currently has a “Buy” rating and a $200.00 target price on the stock. Jefferies Financial Group also issued estimates for HubSpot’s Q2 2019 earnings at ($0.34) EPS, Q3 2019 earnings at ($0.38) EPS, Q4 2019 earnings at ($0.13) EPS, FY2019 earnings at ($1.12) EPS, Q1 2020 earnings at ($0.20) EPS, Q2 2020 earnings at ($0.28) EPS, Q3 2020 earnings at ($0.31) EPS, Q4 2020 earnings at ($0.02) EPS and FY2020 earnings at ($0.81) EPS.
Several other equities research analysts have also recently issued reports on HUBS. Stephens initiated coverage on HubSpot in a research note on Thursday, January 17th. They set an “overweight” rating and a $191.00 target price for the company. CIBC restated a “market perform” rating on shares of HubSpot in a research report on Thursday, January 24th. UBS Group lowered HubSpot from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 24th. Oppenheimer reaffirmed a “market perform” rating on shares of HubSpot in a research note on Thursday, January 24th. Finally, Deutsche Bank assumed coverage on HubSpot in a research note on Friday, January 25th. They issued a “hold” rating and a $150.00 target price on the stock. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $170.29.
Shares of HUBS stock opened at $168.76 on Monday. HubSpot has a fifty-two week low of $101.45 and a fifty-two week high of $180.00. The stock has a market capitalization of $6.69 billion, a PE ratio of -165.45 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 posted its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.54. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The firm had revenue of $144.02 million for the quarter, compared to analysts’ expectations of $137.48 million. During the same period in the previous year, the firm earned $0.12 EPS. The business’s quarterly revenue was up 35.2% on a year-over-year basis.
Institutional investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB boosted its position in HubSpot by 7.6% in the fourth quarter. Nordea Investment Management AB now owns 33,292 shares of the software maker’s stock worth $4,186,000 after purchasing an additional 2,364 shares during the last quarter. Executive Wealth Management LLC bought a new stake in HubSpot in the 4th quarter worth approximately $26,000. Amalgamated Bank increased its position in shares of HubSpot by 150.4% during the 4th quarter. Amalgamated Bank now owns 5,331 shares of the software maker’s stock valued at $670,000 after purchasing an additional 3,202 shares during the last quarter. Millennium Management LLC increased its position in shares of HubSpot by 8.6% during the 4th quarter. Millennium Management LLC now owns 184,509 shares of the software maker’s stock valued at $23,198,000 after purchasing an additional 14,681 shares during the last quarter. Finally, Vista Equity Partners Management LLC boosted its holdings in HubSpot by 40.5% during the 4th quarter. Vista Equity Partners Management LLC now owns 131,366 shares of the software maker’s stock valued at $16,517,000 after acquiring an additional 37,888 shares during the period. 95.01% of the stock is currently owned by institutional investors.
In other HubSpot news, General Counsel John P. Kelleher sold 389 shares of HubSpot stock in a transaction 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 SEC, which is available through this link. Also, insider Dharmesh Shah sold 28,000 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $166.53, for a total transaction of $4,662,840.00. Following the completion of the transaction, the insider now directly owns 1,545,145 shares in the company, valued at $257,312,996.85. The disclosure for this sale can be found here. Insiders have sold 74,763 shares of company stock worth $10,819,780 over the last quarter. Corporate insiders own 9.60% of the company’s stock.
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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