HubSpot, Inc. (NYSE:HUBS) Expected to Announce Earnings of $0.43 Per Share

Equities research analysts forecast that HubSpot, Inc. (NYSE:HUBSGet Rating) will announce $0.43 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for HubSpot’s earnings, with estimates ranging from $0.42 to $0.44. HubSpot also reported earnings of $0.43 per share during the same quarter last year. The company is expected to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that HubSpot will report full-year earnings of $2.40 per share for the current year, with EPS estimates ranging from $2.37 to $2.42. For the next year, analysts anticipate that the firm will report earnings of $3.36 per share, with EPS estimates ranging from $3.06 to $3.83. Zacks’ EPS averages are an average based on a survey of analysts that follow HubSpot.

HubSpot (NYSE:HUBSGet Rating) last announced its quarterly 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. The business had revenue of $395.60 million during the quarter, compared to analysts’ expectations of $383.05 million. HubSpot had a negative return on equity of 7.33% and a negative net margin of 4.52%. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.29) EPS.

Several equities research analysts recently commented on the company. Jefferies Financial Group lowered their price target on HubSpot from $500.00 to $450.00 and set a “buy” rating for the company in a research note on Monday. KeyCorp decreased their target price on HubSpot from $690.00 to $535.00 and set an “overweight” rating for the company in a research report on Monday, April 25th. Stifel Nicolaus decreased their target price on HubSpot from $700.00 to $575.00 in a research report on Friday, May 6th. Truist Financial decreased their target price on HubSpot from $900.00 to $700.00 and set a “buy” rating for the company in a research report on Friday, February 11th. Finally, Mizuho decreased their target price on HubSpot from $625.00 to $450.00 and set a “buy” rating for the company in a research report on Friday, May 6th. Three 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $649.37.

Shares of NYSE HUBS traded up $2.88 during trading hours on Monday, hitting $336.42. The stock had a trading volume of 12,465 shares, compared to its average volume of 826,268. The company has a market capitalization of $16.07 billion, a P/E ratio of -245.56 and a beta of 1.70. The firm’s 50-day moving average price is $417.98 and its two-hundred day moving average price is $539.46. HubSpot has a 52 week low of $295.53 and a 52 week high of $866.00. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.25 and a current ratio of 2.25.

In other news, CFO Kathryn Bueker sold 200 shares of the stock in a transaction on Thursday, April 14th. The stock was sold at an average price of $467.01, for a total transaction of $93,402.00. Following the sale, the chief financial officer now owns 38,629 shares in the company, valued at $18,040,129.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Halligan sold 11,520 shares of the stock in a transaction on Tuesday, March 15th. The stock was sold at an average price of $392.80, for a total value of $4,525,056.00. The disclosure for this sale can be found here. Insiders have sold 19,094 shares of company stock valued at $7,288,708 over the last quarter. Corporate insiders own 8.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. PYA Waltman Capital LLC bought a new stake in shares of HubSpot during the fourth quarter worth $26,000. Glassman Wealth Services grew its holdings in shares of HubSpot by 141.2% during the fourth quarter. Glassman Wealth Services now owns 41 shares of the software maker’s stock worth $27,000 after purchasing an additional 24 shares during the last quarter. Confluence Wealth Services Inc. bought a new stake in shares of HubSpot during the fourth quarter worth $30,000. Arlington Partners LLC boosted its holdings in HubSpot by 63.9% in the first quarter. Arlington Partners LLC now owns 59 shares of the software maker’s stock valued at $28,000 after acquiring an additional 23 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in HubSpot by 114.3% in the first quarter. AdvisorNet Financial Inc now owns 60 shares of the software maker’s stock valued at $28,000 after acquiring an additional 32 shares during the last quarter. 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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