Brokerages expect HubSpot Inc (NYSE:HUBS) to post earnings of $0.11 per share for the current quarter, Zacks reports. Seven analysts have provided estimates for HubSpot’s earnings. The highest EPS estimate is $0.12 and the lowest is $0.10. HubSpot reported earnings per share of $0.03 in the same quarter last year, which indicates a positive year over year growth rate of 266.7%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, May 1st.
On average, analysts expect that HubSpot will report full year earnings of $0.55 per share for the current financial year, with EPS estimates ranging from $0.51 to $0.59. For the next fiscal year, analysts forecast that the business will post earnings of $0.93 per share, with EPS estimates ranging from $0.78 to $1.07. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow HubSpot.
A number of brokerages have recently issued reports on HUBS. Zacks Investment Research raised HubSpot from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research report on Tuesday, January 2nd. UBS Group lifted their target price on HubSpot from $84.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Morgan Stanley lowered HubSpot from an “overweight” rating to an “equal” rating in a research report on Tuesday, January 30th. 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 report on Monday, February 12th. Finally, Canaccord Genuity lifted their target price on HubSpot from $98.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $93.76.
In related news, CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $88.30, for a total value of $2,207,500.00. Following the completion of the sale, the chief executive officer now directly owns 796,119 shares of the company’s stock, valued at $70,297,307.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Julia Herendeen sold 1,000 shares of the business’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $89.15, for a total value of $89,150.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,000 shares of company stock valued at $5,420,560. 12.10% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC increased its holdings in HubSpot by 0.3% in the fourth quarter. Teachers Advisors LLC now owns 174,889 shares of the software maker’s stock valued at $15,460,000 after buying an additional 569 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in HubSpot by 35.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the software maker’s stock valued at $206,000 after acquiring an additional 606 shares during the period. The Manufacturers Life Insurance Company boosted its stake in HubSpot by 2.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 26,486 shares of the software maker’s stock valued at $2,341,000 after acquiring an additional 636 shares during the period. Rhumbline Advisers boosted its stake in HubSpot by 1.7% in the third quarter. Rhumbline Advisers now owns 38,180 shares of the software maker’s stock valued at $3,209,000 after acquiring an additional 641 shares during the period. Finally, Harbour Capital Advisors LLC boosted its stake in HubSpot by 6.0% in the fourth quarter. Harbour Capital Advisors LLC now owns 12,525 shares of the software maker’s stock valued at $1,107,000 after acquiring an additional 705 shares during the period. 97.73% of the stock is owned by hedge funds and other institutional investors.
HubSpot (HUBS) traded up $1.65 during trading hours on Wednesday, reaching $120.00. The company’s stock had a trading volume of 494,380 shares, compared to its average volume of 445,100. The company has a quick ratio of 3.38, a current ratio of 3.38 and a debt-to-equity ratio of 1.42. HubSpot has a one year low of $56.85 and a one year high of $120.80. The stock has a market capitalization of $4,421.84, a price-to-earnings ratio of -111.11 and a beta of 1.94.
ILLEGAL ACTIVITY NOTICE: “Zacks: Analysts Anticipate HubSpot Inc (HUBS) Will Post Earnings of $0.11 Per Share” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://ledgergazette.com/2018/03/14/zacks-analysts-anticipate-hubspot-inc-hubs-will-post-earnings-of-0-11-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.