HubSpot (HUBS) Issues FY18 Earnings Guidance

HubSpot (NYSE:HUBS) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of 0.51-0.59 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.43. The company issued revenue guidance of $481-485 million, compared to the consensus revenue estimate of $473.20 million.HubSpot also updated its Q1 guidance to $0.10-0.12 EPS.

A number of research firms have issued reports on HUBS. Zacks Investment Research downgraded shares of HubSpot from a buy rating to a hold rating in a report on Monday, February 5th. Morgan Stanley reiterated an equal weight rating and set a $96.00 target price (down from $99.00) on shares of HubSpot in a research note on Tuesday, January 30th. They noted that the move was a valuation call. JPMorgan Chase & Co. lifted their target price on HubSpot from $95.00 to $102.00 and gave the stock an overweight rating in a research note on Monday. Canaccord Genuity lifted their target price on HubSpot from $8,398.00 to $98.00 and gave the stock a buy rating in a research note on Thursday, November 2nd. Finally, Oppenheimer lifted their target price on HubSpot from $91.00 to $93.00 and gave the stock an outperform rating in a research note on Thursday, November 2nd. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. HubSpot currently has a consensus rating of Buy and a consensus target price of $87.24.

Shares of HubSpot (NYSE:HUBS) traded up $0.30 during trading on Tuesday, reaching $97.00. The company had a trading volume of 722,928 shares, compared to its average volume of 368,869. HubSpot has a fifty-two week low of $55.80 and a fifty-two week high of $102.30. The company has a market cap of $3,610.00, a PE ratio of -82.38 and a beta of 2.24. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.41.

In related news, insider Hunter Madeley sold 1,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $81.60, for a total value of $81,600.00. Following the sale, the insider now directly owns 59,264 shares in the company, valued at approximately $4,835,942.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Halligan sold 25,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $88.30, for a total value of $2,207,500.00. Following the sale, the chief executive officer now owns 796,119 shares in the company, valued at $70,297,307.70. The disclosure for this sale can be found here. Insiders sold a total of 35,000 shares of company stock worth $3,134,850 over the last 90 days. 12.10% of the stock is currently owned by company insiders.

WARNING: “HubSpot (HUBS) Issues FY18 Earnings Guidance” was originally published by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was stolen and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://www.americanbankingnews.com/2018/02/13/hubspot-hubs-issues-fy18-earnings-guidance.html.

About HubSpot

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.

Receive News & Ratings for HubSpot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HubSpot and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply