Wall Street brokerages expect that HubSpot Inc (NYSE:HUBS) will announce earnings of $0.16 per share for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for HubSpot’s earnings. The highest EPS estimate is $0.17 and the lowest is $0.15. HubSpot posted earnings of $0.07 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 128.6%. The business is expected to announce its next earnings report on Wednesday, August 1st.
On average, analysts expect that HubSpot will report full year earnings of $0.62 per share for the current financial year, with EPS estimates ranging from $0.59 to $0.66. For the next year, analysts forecast that the business will report earnings of $1.01 per share, with EPS estimates ranging from $0.80 to $1.22. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover HubSpot.
HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Thursday, May 10th. The software maker reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $114.56 million for the quarter, compared to analysts’ expectations of $109.89 million. HubSpot had a negative net margin of 11.54% and a negative return on equity of 15.17%. The firm’s quarterly revenue was up 39.3% compared to the same quarter last year. During the same period last year, the firm posted $0.03 earnings per share.
A number of brokerages recently issued reports on HUBS. ValuEngine raised shares of HubSpot from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. UBS Group cut shares of HubSpot from a “buy” rating to a “neutral” rating and set a $123.00 price objective on the stock. in a research note on Thursday, March 8th. Stifel Nicolaus lifted their price objective on shares of HubSpot from $122.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, June 14th. Canaccord Genuity lifted their price objective on shares of HubSpot from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 11th. Finally, Bank of America lifted their price objective on shares of HubSpot from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, April 18th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $110.07.
HubSpot traded down $9.70, reaching $125.95, during mid-day trading on Monday, Marketbeat Ratings reports. The stock had a trading volume of 1,114,523 shares, compared to its average volume of 534,193. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of -123.48 and a beta of 1.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.22 and a quick ratio of 3.22. HubSpot has a 12 month low of $63.00 and a 12 month high of $143.00.
In other HubSpot news, insider Hunter Madeley sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $108.00, for a total value of $108,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Dharmesh Shah sold 23,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $108.19, for a total transaction of $2,488,370.00. The disclosure for this sale can be found here. Insiders sold 102,633 shares of company stock worth $12,676,138 in the last 90 days. Company insiders own 9.60% of the company’s stock.
Several large investors have recently modified their holdings of HUBS. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of HubSpot by 35.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the software maker’s stock worth $206,000 after purchasing an additional 606 shares during the period. Sciencast Management LP acquired a new position in shares of HubSpot during the fourth quarter worth $219,000. Advisor Group Inc. lifted its holdings in shares of HubSpot by 1,524.1% during the fourth quarter. Advisor Group Inc. now owns 3,037 shares of the software maker’s stock worth $268,000 after purchasing an additional 2,850 shares during the period. Xact Kapitalforvaltning AB acquired a new position in shares of HubSpot during the fourth quarter worth $269,000. Finally, SG Americas Securities LLC acquired a new position in shares of HubSpot during the first quarter worth $273,000. Institutional investors own 96.26% of the company’s stock.
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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