HubSpot, Inc. to Post FY2022 Earnings of ($2.24) Per Share, Jefferies Financial Group Forecasts (NYSE:HUBS)

HubSpot, Inc. (NYSE:HUBSGet Rating) – Research analysts at Jefferies Financial Group lowered their FY2022 earnings per share estimates for HubSpot in a research note issued to investors on Monday, May 23rd. Jefferies Financial Group analyst S. Samana now expects that the software maker will post earnings per share of ($2.24) for the year, down from their previous estimate of ($2.21). Jefferies Financial Group has a “Buy” rating and a $450.00 price objective on the stock. Jefferies Financial Group also issued estimates for HubSpot’s Q4 2022 earnings at ($0.50) EPS, Q4 2022 earnings at ($0.50) EPS, FY2022 earnings at ($2.24) EPS, Q1 2023 earnings at ($0.34) EPS, Q2 2023 earnings at ($0.40) EPS, Q2 2023 earnings at ($0.40) EPS, Q3 2023 earnings at ($0.42) EPS, Q3 2023 earnings at ($0.42) EPS, Q4 2023 earnings at ($0.21) EPS, FY2023 earnings at ($1.37) EPS, FY2023 earnings at ($1.37) EPS and FY2024 earnings at ($1.34) EPS.

HubSpot (NYSE:HUBSGet Rating) last issued its earnings results on Thursday, May 5th. The software maker reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.07. The business had revenue of $395.60 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 40.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.29) earnings per share.

Several other analysts also recently issued reports on HUBS. Wells Fargo & Company reduced their price target on shares of HubSpot from $725.00 to $675.00 and set an “overweight” rating for the company in a research report on Tuesday, March 15th. Truist Financial cut their target price on HubSpot from $900.00 to $700.00 and set a “buy” rating on the stock in a research report on Friday, February 11th. Cowen lowered their price target on HubSpot from $750.00 to $700.00 in a research report on Thursday, April 21st. Needham & Company LLC cut their price objective on shares of HubSpot from $700.00 to $500.00 in a report on Friday, May 6th. Finally, Barclays lowered their target price on shares of HubSpot from $800.00 to $550.00 and set an “equal weight” rating for the company in a report on Thursday, January 27th. Three investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, HubSpot has a consensus rating of “Buy” and an average target price of $649.37.

Shares of NYSE HUBS opened at $307.95 on Wednesday. The firm’s 50-day moving average price is $413.87 and its 200-day moving average price is $534.59. HubSpot has a 1-year low of $295.53 and a 1-year high of $866.00. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $14.71 billion, a P/E ratio of -224.78 and a beta of 1.70.

In other news, CTO Dharmesh Shah purchased 10,000 shares of the company’s stock in a transaction on Tuesday, May 17th. The stock was purchased at an average price of $340.08 per share, with a total value of $3,400,800.00. Following the completion of the purchase, the chief technology officer now directly owns 1,511,447 shares in the company, valued at approximately $514,012,895.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 200 shares of the company’s stock in a transaction dated Thursday, April 14th. The stock was sold at an average price of $467.01, for a total value of $93,402.00. Following the completion of the transaction, the chief financial officer now owns 38,629 shares of the company’s stock, valued at $18,040,129.29. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,094 shares of company stock worth $7,288,708. Insiders own 8.30% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. PYA Waltman Capital LLC bought a new position in HubSpot during the 4th quarter worth approximately $26,000. Glassman Wealth Services increased its stake in shares of HubSpot by 141.2% in the fourth quarter. Glassman Wealth Services now owns 41 shares of the software maker’s stock worth $27,000 after buying an additional 24 shares during the period. Arlington Partners LLC raised its holdings in HubSpot by 63.9% during the 1st quarter. Arlington Partners LLC now owns 59 shares of the software maker’s stock valued at $28,000 after buying an additional 23 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in HubSpot by 114.3% during the 1st quarter. AdvisorNet Financial Inc now owns 60 shares of the software maker’s stock valued at $28,000 after buying an additional 32 shares during the last quarter. Finally, Confluence Wealth Services Inc. purchased a new stake in HubSpot during the 4th quarter valued at $30,000. 91.82% of the stock is currently owned by institutional investors.

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.

Further Reading

Earnings History and Estimates for HubSpot (NYSE:HUBS)

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