HubSpot (HUBS) Releases Q1 Earnings Guidance

HubSpot (NYSE:HUBS) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.10-0.12 for the period, compared to the Thomson Reuters consensus estimate of $0.08. The company issued revenue guidance of $109.2-110.2 million, compared to the consensus revenue estimate of $107.27 million.HubSpot also updated its FY18 guidance to 0.51-0.59 EPS.

Several equities analysts have recently weighed in on the stock. Morgan Stanley reissued an equal weight rating and issued a $96.00 price objective (down from $99.00) on shares of HubSpot in a research report on Tuesday, January 30th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of HubSpot from a buy rating to a hold rating in a research report on Monday, February 5th. JPMorgan Chase & Co. increased their price objective on shares of HubSpot from $95.00 to $102.00 and gave the company an overweight rating in a research report on Monday. Oppenheimer increased their price objective on shares of HubSpot from $91.00 to $93.00 and gave the company an outperform rating in a research report on Thursday, November 2nd. Finally, Canaccord Genuity increased their price objective on shares of HubSpot from $8,398.00 to $98.00 and gave the company a buy rating in a research report 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. The company currently has a consensus rating of Buy and an average target price of $87.24.

HubSpot (HUBS) traded up $0.30 during mid-day trading on Tuesday, hitting $97.00. 722,928 shares of the company traded hands, compared to its average volume of 368,869. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.55 and a quick ratio of 3.55. HubSpot has a fifty-two week low of $55.80 and a fifty-two week high of $102.30. The firm has a market capitalization of $3,610.00, a P/E ratio of -82.38 and a beta of 2.24.

In other HubSpot news, insider Hunter Madeley sold 7,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $95.35, for a total transaction of $667,450.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Halligan sold 25,000 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $88.30, for a total transaction 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 35,000 shares of company stock worth $3,134,850 over the last 90 days. 12.10% of the stock is currently owned by corporate insiders.

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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.

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