HubSpot (NYSE:HUBS) Issues FY19 Earnings Guidance

HubSpot (NYSE:HUBS) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.39-$1.41 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.29. The company issued revenue guidance of $663-$665 million, compared to the consensus revenue estimate of $657.58 million.HubSpot also updated its FY 2019 guidance to $1.39-1.41 EPS.

HubSpot stock traded up $0.43 during mid-day trading on Tuesday, hitting $164.92. The company had a trading volume of 739,900 shares, compared to its average volume of 568,640. The stock has a market cap of $7.00 billion, a PE ratio of -161.69 and a beta of 1.71. HubSpot has a 1 year low of $108.39 and a 1 year high of $192.49. The company has a debt-to-equity ratio of 0.83, a quick ratio of 4.03 and a current ratio of 4.03. The business has a fifty day moving average of $177.41.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Tuesday, May 7th. The software maker reported ($0.14) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.10. The company had revenue of $151.80 million for the quarter, compared to analyst estimates of $147.47 million. HubSpot had a negative net margin of 10.81% and a negative return on equity of 10.68%. The firm’s revenue was up 32.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 earnings per share. As a group, equities analysts expect that HubSpot will post -0.86 EPS for the current year.

HUBS has been the topic of a number of research reports. Royal Bank of Canada raised their target price on shares of HubSpot from $167.00 to $187.00 and gave the stock a sector perform rating in a research report on Monday, May 6th. Raymond James raised their target price on shares of HubSpot from $181.00 to $200.00 and gave the stock an outperform rating in a research report on Wednesday, May 8th. Goldman Sachs Group initiated coverage on shares of HubSpot in a research report on Friday, June 7th. They set a buy rating and a $223.00 target price on the stock. ValuEngine lowered shares of HubSpot from a strong-buy rating to a buy rating in a research report on Thursday, August 1st. Finally, Piper Jaffray Companies raised their target price on shares of HubSpot from $185.00 to $200.00 and gave the stock an overweight rating in a research report on Tuesday, April 30th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $189.50.

In related news, Director Lorrie M. Norrington sold 28,333 shares of HubSpot stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $178.10, for a total value of $5,046,107.30. Following the transaction, the director now directly owns 30,679 shares in the company, valued at approximately $5,463,929.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Hunter Madeley sold 1,005 shares of HubSpot stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $165.00, for a total transaction of $165,825.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 105,187 shares of company stock worth $18,472,682. Insiders own 8.30% 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. The company's software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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Earnings History and Estimates for HubSpot (NYSE:HUBS)

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