Zacks: Analysts Expect HubSpot Inc (HUBS) Will Announce Quarterly Sales of $126.49 Million

Wall Street brokerages expect HubSpot Inc (NYSE:HUBS) to report sales of $126.49 million for the current quarter, according to Zacks. Nine analysts have provided estimates for HubSpot’s earnings, with the highest sales estimate coming in at $127.14 million and the lowest estimate coming in at $126.07 million. HubSpot reported sales of $97.73 million in the same quarter last year, which indicates a positive year over year growth rate of 29.4%. The company is expected to report its next earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that HubSpot will report full-year sales of $498.76 million for the current fiscal year, with estimates ranging from $497.69 million to $502.13 million. For the next year, analysts expect that the firm will post sales of $621.77 million, with estimates ranging from $598.49 million to $647.83 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for HubSpot.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 1st. The software maker reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. The company had revenue of $122.60 million during the quarter, compared to analyst estimates of $117.75 million. HubSpot had a negative return on equity of 17.00% and a negative net margin of 12.64%. The business’s revenue was up 37.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 EPS.

Several research analysts have recently commented on HUBS shares. UBS Group reiterated a “buy” rating on shares of HubSpot in a research report on Tuesday, August 7th. Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a research report on Thursday, August 2nd. Morgan Stanley lifted their target price on HubSpot from $119.00 to $148.00 and gave the stock an “equal weight” rating in a research report on Friday, September 7th. Raymond James lifted their target price on HubSpot from $124.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, July 30th. Finally, Canaccord Genuity lifted their target price on HubSpot from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $134.46.

Shares of HUBS opened at $149.27 on Tuesday. The company has a market capitalization of $5.86 billion, a PE ratio of -147.15 and a beta of 1.94. The company has a quick ratio of 3.26, a current ratio of 3.26 and a debt-to-equity ratio of 1.35. HubSpot has a 52 week low of $73.15 and a 52 week high of $162.20.

In related news, insider Hunter Madeley sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $120.00, for a total transaction of $120,000.00. Following the completion of the transaction, the insider now owns 47,673 shares in the company, valued at approximately $5,720,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $149.01, for a total value of $3,725,250.00. Following the transaction, the chief executive officer now owns 706,334 shares of the company’s stock, valued at approximately $105,250,829.34. The disclosure for this sale can be found here. Insiders have sold a total of 101,142 shares of company stock valued at $14,332,533 in the last 90 days. Insiders own 9.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Flinton Capital Management LLC acquired a new position in HubSpot during the 2nd quarter valued at approximately $108,000. Meadow Creek Investment Management LLC bought a new stake in HubSpot during the 2nd quarter valued at $149,000. Flagship Harbor Advisors LLC bought a new stake in HubSpot during the 2nd quarter valued at $161,000. Global X Management Co LLC bought a new stake in HubSpot during the 2nd quarter valued at $172,000. Finally, CIBC Private Wealth Group LLC bought a new stake in HubSpot during the 2nd quarter valued at $174,000. Institutional investors and hedge funds own 96.39% of the company’s stock.

HubSpot Company Profile

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.

Recommended Story: Determine Your Level of Risk Tolerance

Get a free copy of the Zacks research report on HubSpot (HUBS)

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.

Leave a Reply