HubSpot Inc (NYSE:HUBS) – Equities researchers at Oppenheimer issued their Q1 2019 EPS estimates for HubSpot in a research note issued on Wednesday, February 13th. Oppenheimer analyst K. Ikeda forecasts that the software maker will post earnings of ($0.23) per share for the quarter. Oppenheimer currently has a “Market Perform” rating on the stock. Oppenheimer also issued estimates for HubSpot’s Q2 2019 earnings at ($0.31) EPS, Q3 2019 earnings at ($0.36) EPS, Q4 2019 earnings at ($0.17) EPS and FY2019 earnings at ($1.16) EPS.
Get HubSpot alerts:HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.54. The firm had revenue of $144.02 million for the quarter, compared to analyst estimates of $137.48 million. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The business’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.12 EPS.
A number of other brokerages have also commented on HUBS. Deutsche Bank increased their price target on shares of HubSpot from $150.00 to $168.00 and gave the stock a “hold” rating in a report on Wednesday, February 13th. Bank of America increased their price target on shares of HubSpot from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, February 13th. Canaccord Genuity increased their price target on shares of HubSpot from $160.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, February 13th. Raymond James increased their price target on shares of HubSpot from $155.00 to $181.00 and gave the stock an “outperform” rating in a report on Wednesday, February 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $198.00 price target (up previously from $145.00) on shares of HubSpot in a report on Wednesday, February 13th. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $170.29.
Shares of NYSE:HUBS opened at $165.62 on Monday. The firm has a market capitalization of $6.57 billion, a PE ratio of -162.37 and a beta of 1.92. HubSpot has a one year low of $101.45 and a one year high of $180.00. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.15 and a current ratio of 3.01.
In related news, General Counsel John P. Kelleher sold 508 shares of the stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $138.54, for a total transaction of $70,378.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ronald S. Gill sold 4,133 shares of the stock in a transaction on Monday, February 11th. The shares were sold at an average price of $166.92, for a total transaction of $689,880.36. Following the transaction, the director now directly owns 18,207 shares in the company, valued at approximately $3,039,112.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,763 shares of company stock worth $10,819,780. 9.60% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Nordea Investment Management AB grew its holdings in HubSpot by 7.6% in the 4th quarter. Nordea Investment Management AB now owns 33,292 shares of the software maker’s stock worth $4,186,000 after acquiring an additional 2,364 shares during the last quarter. Executive Wealth Management LLC bought a new stake in HubSpot in the 4th quarter worth $26,000. Amalgamated Bank grew its holdings in HubSpot by 150.4% in the 4th quarter. Amalgamated Bank now owns 5,331 shares of the software maker’s stock worth $670,000 after acquiring an additional 3,202 shares during the last quarter. Millennium Management LLC grew its holdings in HubSpot by 8.6% in the 4th quarter. Millennium Management LLC now owns 184,509 shares of the software maker’s stock worth $23,198,000 after acquiring an additional 14,681 shares during the last quarter. Finally, Vista Equity Partners Management LLC grew its holdings in HubSpot by 40.5% in the 4th quarter. Vista Equity Partners Management LLC now owns 131,366 shares of the software maker’s stock worth $16,517,000 after acquiring an additional 37,888 shares during the last quarter. 93.19% of the stock is currently owned by institutional investors.
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.
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