HubSpot, Inc. (HUBS) Expected to Announce Earnings of -$0.09 Per Share
Brokerages predict that HubSpot, Inc. (NYSE:HUBS) will report earnings of ($0.09) per share for the current quarter, Zacks reports. Seven analysts have issued estimates for HubSpot’s earnings, with estimates ranging from ($0.10) to ($0.08). HubSpot reported earnings per share of ($0.05) during the same quarter last year, which indicates a negative year over year growth rate of 80%. The business is expected to report its next quarterly earnings results on Wednesday, November 1st.
On average, analysts expect that HubSpot will report full year earnings of $0.05 per share for the current fiscal year, with EPS estimates ranging from $0.03 to $0.07. For the next fiscal year, analysts anticipate that the company will post earnings of $0.28 per share, with EPS estimates ranging from $0.03 to $0.41. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow HubSpot.
HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.08. HubSpot had a negative net margin of 13.17% and a negative return on equity of 27.99%. The firm had revenue of $89.10 million for the quarter, compared to analyst estimates of $85.80 million. During the same period in the previous year, the business earned ($0.07) EPS. The company’s revenue was up 37.1% compared to the same quarter last year.
A number of research analysts have weighed in on the stock. Evercore ISI assumed coverage on shares of HubSpot in a research note on Friday. They issued an “outperform” rating and a $90.00 price objective on the stock. BidaskClub raised shares of HubSpot from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 2nd. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of HubSpot in a research note on Wednesday, August 9th. UBS AG reaffirmed an “outperform” rating and issued a $80.00 price objective (up from $78.00) on shares of HubSpot in a research note on Wednesday, August 9th. Finally, Zacks Investment Research lowered shares of HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $73.00.
Shares of HubSpot (NYSE:HUBS) opened at 71.70 on Friday. The firm has a 50-day moving average of $70.93 and a 200 day moving average of $67.07. The firm’s market capitalization is $2.65 billion. HubSpot has a 52 week low of $44.90 and a 52 week high of $78.50.
In related news, insider Hunter Madeley sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $72.80, for a total transaction of $72,800.00. Following the completion of the sale, the insider now owns 66,887 shares in the company, valued at $4,869,373.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Halligan sold 25,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $64.75, for a total transaction of $1,618,750.00. Following the sale, the chief executive officer now owns 806,787 shares of the company’s stock, valued at approximately $52,239,458.25. The disclosure for this sale can be found here. Insiders have sold 62,899 shares of company stock valued at $4,247,680 in the last 90 days. 18.50% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of HUBS. BlackRock Inc. increased its holdings in HubSpot by 82,588.5% during the first quarter. BlackRock Inc. now owns 2,130,883 shares of the software maker’s stock worth $129,025,000 after buying an additional 2,128,306 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in HubSpot by 145.0% during the second quarter. Bank of New York Mellon Corp now owns 2,366,568 shares of the software maker’s stock worth $155,602,000 after buying an additional 1,400,677 shares during the last quarter. Harbour Capital Advisors LLC increased its holdings in HubSpot by 15,658.6% during the second quarter. Harbour Capital Advisors LLC now owns 724,894 shares of the software maker’s stock worth $11,025,000 after buying an additional 720,294 shares during the last quarter. Frontier Capital Management Co. LLC purchased a new stake in HubSpot during the second quarter worth about $23,440,000. Finally, Lord Abbett & CO. LLC increased its holdings in HubSpot by 74.6% during the second quarter. Lord Abbett & CO. LLC now owns 474,251 shares of the software maker’s stock worth $31,182,000 after buying an additional 202,640 shares during the last quarter. Institutional investors and hedge funds own 96.08% of the company’s stock.
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HubSpot Company Profile
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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