HubSpot (NYSE:HUBS) Issues FY22 Earnings Guidance

HubSpot (NYSE:HUBSGet Rating) issued an update on its FY22 earnings guidance on Thursday morning. The company provided EPS guidance of $2.40-2.42 for the period, compared to the consensus EPS estimate of $2.41. The company issued revenue guidance of $1.722-1.728 billion, compared to the consensus revenue estimate of $1.73 billion.HubSpot also updated its Q2 guidance to $0.42-0.44 EPS.

A number of analysts recently weighed in on the stock. Cowen lowered their price objective on shares of HubSpot from $750.00 to $700.00 in a research note on Thursday, April 21st. UBS Group lowered their price objective on shares of HubSpot from $675.00 to $450.00 in a research note on Friday. TheStreet lowered shares of HubSpot from a c rating to a d+ rating in a research note on Friday, February 11th. Cowen lowered their price objective on shares of HubSpot from $750.00 to $700.00 in a research note on Thursday, April 21st. Finally, Mizuho lowered their price objective on shares of HubSpot from $625.00 to $450.00 and set a buy rating for the company in a research note on Friday. Three research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Buy and an average target price of $667.08.

Shares of NYSE:HUBS traded up $15.17 during trading on Friday, reaching $356.38. The company had a trading volume of 2,256,230 shares, compared to its average volume of 603,690. The firm has a market capitalization of $17.01 billion, a price-to-earnings ratio of -260.13 and a beta of 1.70. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.35 and a quick ratio of 2.35. The stock’s fifty day moving average price is $442.77 and its 200 day moving average price is $575.98. HubSpot has a fifty-two week low of $325.97 and a fifty-two week high of $866.00.

HubSpot (NYSE:HUBSGet Rating) last released its earnings results on Thursday, May 5th. The software maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.07. HubSpot had a negative return on equity of 7.63% and a negative net margin of 5.98%. The business had revenue of $395.60 million for the quarter, compared to analyst estimates of $383.05 million. During the same quarter in the previous year, the company posted ($0.29) earnings per share. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. On average, equities analysts anticipate that HubSpot will post -2.7 EPS for the current fiscal year.

In related news, CFO Kathryn Bueker sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, April 14th. The stock was sold at an average price of $467.01, for a total value of $93,402.00. Following the sale, the chief financial officer now owns 38,629 shares of the company’s stock, valued at approximately $18,040,129.29. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Yamini Rangan sold 874 shares of the firm’s stock in a transaction that occurred on Tuesday, April 19th. The shares were sold at an average price of $450.00, for a total value of $393,300.00. Following the completion of the sale, the chief executive officer now owns 59,650 shares in the company, valued at $26,842,500. The disclosure for this sale can be found here. Insiders have sold 12,594 shares of company stock worth $5,011,758 over the last quarter. 8.30% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of HUBS. KB Financial Partners LLC acquired a new position in shares of HubSpot during the 4th quarter valued at $67,000. EverSource Wealth Advisors LLC acquired a new position in shares of HubSpot during the 4th quarter valued at $168,000. Advisors Asset Management Inc. increased its position in shares of HubSpot by 162.4% during the 4th quarter. Advisors Asset Management Inc. now owns 286 shares of the software maker’s stock valued at $189,000 after purchasing an additional 177 shares during the period. Vident Investment Advisory LLC acquired a new position in shares of HubSpot during the 4th quarter valued at $1,017,000. Finally, MML Investors Services LLC increased its position in shares of HubSpot by 77.6% during the 4th quarter. MML Investors Services LLC now owns 2,268 shares of the software maker’s stock valued at $1,495,000 after purchasing an additional 991 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

HubSpot Company Profile (Get Rating)

HubSpot, Inc provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes marketing, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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Earnings History and Estimates for HubSpot (NYSE:HUBS)

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