HubSpot (NYSE:HUBS) Releases FY 2022 Earnings Guidance

HubSpot (NYSE:HUBSGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $2.40-$2.42 for the period, compared to the consensus earnings per share estimate of $2.41. The company issued revenue guidance of $1.72 billion-$1.73 billion, compared to the consensus revenue estimate of $1.73 billion.HubSpot also updated its Q2 2022 guidance to $0.42-$0.44 EPS.

Several research analysts recently commented on HUBS shares. TheStreet cut HubSpot from a c rating to a d+ rating in a research note on Friday, February 11th. BMO Capital Markets cut their target price on HubSpot from $485.00 to $405.00 and set an outperform rating on the stock in a research report on Friday. Piper Sandler raised their price target on shares of HubSpot from $715.00 to $735.00 and gave the stock an overweight rating in a research report on Friday, February 11th. UBS Group cut their target price on shares of HubSpot from $675.00 to $450.00 in a research note on Friday. Finally, JPMorgan Chase & Co. decreased their price target on HubSpot from $675.00 to $550.00 in a research note on Friday. Three research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Buy and a consensus target price of $667.08.

Shares of NYSE:HUBS traded down $26.11 on Monday, hitting $330.27. The company’s stock had a trading volume of 26,592 shares, compared to its average volume of 813,706. HubSpot has a 12 month low of $325.97 and a 12 month high of $866.00. The stock’s 50-day moving average is $442.77 and its two-hundred day moving average is $572.84. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.35 and a current ratio of 2.35. The company has a market capitalization of $15.76 billion, a price-to-earnings ratio of -260.13 and a beta of 1.70.

HubSpot (NYSE:HUBSGet Rating) last released its earnings results on Thursday, May 5th. The software maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.47 by $0.07. HubSpot had a negative net margin of 4.52% and a negative return on equity of 7.32%. The firm had revenue of $395.60 million for the quarter, compared to analysts’ expectations of $383.05 million. During the same quarter last year, the company earned ($0.29) EPS. HubSpot’s quarterly revenue was up 40.6% on a year-over-year basis. Equities analysts expect that HubSpot will post -2.7 earnings per share for the current fiscal year.

In related news, insider Brian Halligan sold 11,520 shares of the stock in a transaction that occurred on Tuesday, March 15th. The shares were sold at an average price of $392.80, for a total transaction of $4,525,056.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yamini Rangan sold 874 shares of HubSpot stock in a transaction that occurred on Tuesday, April 19th. The stock was sold at an average price of $450.00, for a total transaction of $393,300.00. Following the completion of the transaction, the chief executive officer now owns 59,650 shares in the company, valued at approximately $26,842,500. The disclosure for this sale can be found here. Insiders sold a total of 12,594 shares of company stock worth $5,011,758 in the last three months. Company insiders own 6.00% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vident Investment Advisory LLC acquired a new position in shares of HubSpot in the fourth quarter worth about $1,017,000. KB Financial Partners LLC acquired a new stake in HubSpot during the 4th quarter worth about $67,000. California State Teachers Retirement System boosted its position in HubSpot by 1.7% during the 4th quarter. California State Teachers Retirement System now owns 82,370 shares of the software maker’s stock worth $54,294,000 after acquiring an additional 1,404 shares during the period. Parametric Portfolio Associates LLC grew its stake in HubSpot by 3.5% during the 4th quarter. Parametric Portfolio Associates LLC now owns 79,817 shares of the software maker’s stock valued at $52,611,000 after acquiring an additional 2,664 shares in the last quarter. Finally, Vista Equity Partners Management LLC boosted its holdings in shares of HubSpot by 8.9% during the fourth quarter. Vista Equity Partners Management LLC now owns 84,849 shares of the software maker’s stock worth $55,928,000 after purchasing an additional 6,943 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.

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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