Equities research analysts expect HubSpot Inc (NYSE:HUBS) to post $0.11 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for HubSpot’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.10. HubSpot reported earnings of $0.03 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 266.7%. The firm is scheduled to report its next quarterly earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that HubSpot will report full year earnings of $0.55 per share for the current financial year, with EPS estimates ranging from $0.51 to $0.59. For the next financial year, analysts anticipate that the firm will report earnings of $0.93 per share, with EPS estimates ranging from $0.78 to $1.07. Zacks’ EPS averages are an average based on a survey of research analysts that cover HubSpot.
Several research firms have weighed in on HUBS. Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research note on Tuesday, January 2nd. Canaccord Genuity upped their price target on HubSpot from $98.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. JPMorgan Chase & Co. upped their price target on HubSpot from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Monday, February 12th. SunTrust Banks upped their price target on HubSpot to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $96.00 price target (down from $99.00) on shares of HubSpot in a research note on Tuesday, January 30th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. HubSpot presently has a consensus rating of “Buy” and an average price target of $93.76.
In other news, insider Dharmesh Shah sold 21,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $102.56, for a total transaction of $2,153,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Hunter Madeley sold 1,000 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $110.10, for a total value of $110,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 57,000 shares of company stock valued at $5,420,560 over the last quarter. Corporate insiders own 12.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Ark Investment Management LLC raised its holdings in HubSpot by 90.0% during the 2nd quarter. Ark Investment Management LLC now owns 18,694 shares of the software maker’s stock valued at $1,229,000 after buying an additional 8,855 shares during the period. State Street Corp raised its holdings in HubSpot by 17.4% during the 2nd quarter. State Street Corp now owns 622,514 shares of the software maker’s stock valued at $40,930,000 after buying an additional 92,448 shares during the period. The Manufacturers Life Insurance Company raised its holdings in HubSpot by 16.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,081 shares of the software maker’s stock valued at $1,714,000 after buying an additional 3,589 shares during the period. Canada Pension Plan Investment Board purchased a new stake in HubSpot during the 3rd quarter valued at $1,194,000. Finally, State Board of Administration of Florida Retirement System raised its holdings in HubSpot by 29.2% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 15,431 shares of the software maker’s stock valued at $1,297,000 after buying an additional 3,490 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.
HubSpot (NYSE HUBS) traded up $1.65 during mid-day trading on Wednesday, reaching $120.00. The company’s stock had a trading volume of 494,380 shares, compared to its average volume of 445,100. HubSpot has a 1-year low of $56.85 and a 1-year high of $120.80. The company has a quick ratio of 3.38, a current ratio of 3.38 and a debt-to-equity ratio of 1.42. The company has a market cap of $4,421.84, a P/E ratio of -111.11 and a beta of 1.94.
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HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.
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