Wall Street brokerages expect HubSpot Inc (NYSE:HUBS) to post earnings per share of $0.25 for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for HubSpot’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.21. HubSpot reported earnings of $0.15 per share in the same quarter last year, which would indicate a positive year over year growth rate of 66.7%. The firm is expected to report its next quarterly earnings report on Thursday, May 9th.
According to Zacks, analysts expect that HubSpot will report full year earnings of $1.16 per share for the current financial year, with EPS estimates ranging from $1.12 to $1.27. For the next financial year, analysts anticipate that the company will post earnings of $1.67 per share, with EPS estimates ranging from $1.41 to $1.92. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for HubSpot.
Get HubSpot alerts: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 Zacks’ 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 business had revenue of $144.02 million for the quarter, compared to analyst estimates of $137.48 million. During the same period last year, the business earned $0.12 EPS. The company’s revenue was up 35.2% on a year-over-year basis.
A number of equities research analysts have recently weighed in on the stock. Raymond James raised their price objective on shares of HubSpot from $155.00 to $181.00 and gave the company an “outperform” rating in a report on Wednesday, February 13th. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a report on Monday, January 28th. Deutsche Bank raised their price objective on shares of HubSpot from $150.00 to $168.00 and gave the company a “hold” rating in a report on Wednesday, February 13th. Canaccord Genuity raised their price objective on shares of HubSpot from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. Finally, Needham & Company LLC restated a “buy” rating and issued a $198.00 price objective (up from $145.00) on shares of HubSpot in a report on Wednesday, February 13th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $170.29.
In related news, General Counsel John P. Kelleher sold 972 shares of HubSpot stock in a transaction on Thursday, January 3rd. The shares were sold at an average price of $122.60, for a total transaction of $119,167.20. Following the sale, the general counsel now directly owns 39,659 shares in the company, valued at approximately $4,862,193.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Halligan sold 15,277 shares of HubSpot stock in a transaction on Thursday, December 20th. The stock was 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 in the company, valued at $83,768,066.28. The disclosure for this sale can be found here. Insiders have sold a total of 46,763 shares of company stock worth $6,156,940 over the last quarter. 9.60% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in HUBS. Capital Research Global Investors raised its stake in HubSpot by 164.5% during the 3rd quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock worth $286,814,000 after acquiring an additional 1,181,611 shares in the last quarter. 1832 Asset Management L.P. grew its position in HubSpot by 2,435.9% during the 4th quarter. 1832 Asset Management L.P. now owns 388,000 shares of the software maker’s stock worth $47,549,000 after purchasing an additional 372,700 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in HubSpot by 358.0% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 362,839 shares of the software maker’s stock worth $54,771,000 after purchasing an additional 283,609 shares during the last quarter. North Peak Capital Management LLC purchased a new position in HubSpot during the 4th quarter worth $15,397,000. Finally, Polar Capital LLP grew its position in HubSpot by 51.4% during the 4th quarter. Polar Capital LLP now owns 309,191 shares of the software maker’s stock worth $38,875,000 after purchasing an additional 104,956 shares during the last quarter. Hedge funds and other institutional investors own 93.19% of the company’s stock.
Shares of HUBS traded down $0.08 during midday trading on Monday, reaching $166.09. The stock had a trading volume of 838,913 shares, compared to its average volume of 716,332. HubSpot has a 1-year low of $101.45 and a 1-year high of $180.00. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of -162.83 and a beta of 1.92. The company has a current ratio of 3.01, a quick ratio of 3.15 and a debt-to-equity ratio of 1.30.
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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