HubSpot Inc (NYSE:HUBS) Expected to Post Quarterly Sales of $191.01 Million

Equities analysts expect HubSpot Inc (NYSE:HUBS) to report sales of $191.01 million for the current quarter, Zacks reports. Eight analysts have issued estimates for HubSpot’s earnings, with the highest sales estimate coming in at $193.32 million and the lowest estimate coming in at $186.80 million. HubSpot reported sales of $151.80 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 25.8%. The company is scheduled to announce its next earnings results on Tuesday, May 5th.

On average, analysts expect that HubSpot will report full-year sales of $827.30 million for the current financial year, with estimates ranging from $804.24 million to $842.57 million. For the next year, analysts expect that the company will report sales of $1.00 billion, with estimates ranging from $945.66 million to $1.05 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for HubSpot.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.03. HubSpot had a negative return on equity of 3.67% and a negative net margin of 7.96%. The firm had revenue of $186.19 million during the quarter, compared to the consensus estimate of $180.95 million. During the same quarter in the prior year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up 29.3% compared to the same quarter last year.

Several research firms have issued reports on HUBS. Canaccord Genuity lifted their price target on HubSpot from $170.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Piper Sandler cut their price target on HubSpot from $207.00 to $158.00 and set an “overweight” rating for the company in a research note on Tuesday. Needham & Company LLC upped their target price on HubSpot from $182.00 to $211.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Wells Fargo & Co decreased their price objective on HubSpot from $190.00 to $160.00 and set an “equal weight” rating for the company in a report on Wednesday, March 11th. Finally, Royal Bank of Canada increased their price objective on shares of HubSpot from $190.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, January 27th. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $193.68.

In other HubSpot news, CEO Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $194.62, for a total value of $1,654,270.00. Following the transaction, the chief executive officer now owns 699,331 shares in the company, valued at $136,103,799.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 942 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $161.62, for a total transaction of $152,246.04. The disclosure for this sale can be found here. Insiders sold 18,318 shares of company stock worth $3,437,301 in the last 90 days. Corporate insiders own 8.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in HUBS. Shine Investment Advisory Services Inc. increased its position in shares of HubSpot by 90.0% during the fourth quarter. Shine Investment Advisory Services Inc. now owns 171 shares of the software maker’s stock valued at $27,000 after buying an additional 81 shares during the period. Citizens Financial Group Inc RI purchased a new position in shares of HubSpot during the fourth quarter valued at about $35,000. Cutler Group LP increased its position in shares of HubSpot by 111.7% during the fourth quarter. Cutler Group LP now owns 284 shares of the software maker’s stock valued at $45,000 after buying an additional 2,704 shares during the period. Sowell Financial Services LLC purchased a new position in shares of HubSpot during the fourth quarter valued at about $49,000. Finally, US Bancorp DE increased its position in shares of HubSpot by 56.8% during the fourth quarter. US Bancorp DE now owns 334 shares of the software maker’s stock valued at $53,000 after buying an additional 121 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

HUBS stock traded down $8.24 during midday trading on Monday, reaching $116.86. 1,962,383 shares of the company’s stock traded hands, compared to its average volume of 813,200. The company has a 50-day simple moving average of $157.74 and a two-hundred day simple moving average of $159.93. The company has a market cap of $5.26 billion, a price-to-earnings ratio of -92.02 and a beta of 1.53. HubSpot has a 1-year low of $90.83 and a 1-year high of $207.98. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.90.

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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