Wall Street brokerages forecast that HubSpot, Inc. (NYSE:HUBS) will report sales of $357.33 million for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for HubSpot’s earnings. The highest sales estimate is $358.00 million and the lowest is $356.90 million. HubSpot posted sales of $252.07 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 41.8%. The business is expected to issue its next quarterly earnings report after the market closes on Thursday, February 10th.
According to Zacks, analysts expect that HubSpot will report full-year sales of $1.29 billion for the current year. For the next financial year, analysts expect that the firm will post sales of $1.65 billion, with estimates ranging from $1.62 billion to $1.69 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow HubSpot.
HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Thursday, February 10th. The software maker reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.05. HubSpot had a negative return on equity of 7.59% and a negative net margin of 6.50%. The business had revenue of $369.31 million during the quarter, compared to analyst estimates of $357.52 million. During the same period last year, the company earned ($0.19) earnings per share. HubSpot’s quarterly revenue was up 46.5% compared to the same quarter last year.
A number of research analysts have commented on HUBS shares. Piper Sandler cut their price target on shares of HubSpot from $830.00 to $715.00 and set an “overweight” rating for the company in a research note on Monday, January 10th. Wells Fargo & Company boosted their price objective on shares of HubSpot from $835.00 to $860.00 and gave the stock an “overweight” rating in a research report on Thursday, November 4th. Barclays lowered their target price on shares of HubSpot from $800.00 to $550.00 and set an “equal weight” rating for the company in a report on Thursday, January 27th. boosted their price objective on shares of HubSpot from $830.00 to $845.00 and gave the company a “buy” rating in a research report on Thursday, November 4th. Finally, Raymond James boosted their price objective on shares of HubSpot from $800.00 to $900.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 4th. Two research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, HubSpot currently has a consensus rating of “Buy” and an average target price of $773.36.
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In other HubSpot news, CFO Kathryn Bueker sold 600 shares of the firm’s stock in a transaction that occurred on Monday, November 15th. The shares were sold at an average price of $840.00, for a total transaction of $504,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel John P. Kelleher sold 761 shares of the firm’s stock in a transaction that occurred on Monday, November 15th. The stock was sold at an average price of $840.00, for a total transaction of $639,240.00. The disclosure for this sale can be found here. Insiders sold a total of 64,099 shares of company stock worth $46,166,705 in the last quarter. Company insiders own 8.30% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PYA Waltman Capital LLC purchased a new stake in HubSpot during the 4th quarter valued at approximately $26,000. Activest Wealth Management grew its holdings in HubSpot by 300.0% during the 3rd quarter. Activest Wealth Management now owns 40 shares of the software maker’s stock valued at $27,000 after buying an additional 30 shares in the last quarter. Winch Advisory Services LLC grew its holdings in HubSpot by 86.4% during the 3rd quarter. Winch Advisory Services LLC now owns 41 shares of the software maker’s stock valued at $28,000 after buying an additional 19 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in HubSpot during the 2nd quarter valued at approximately $29,000. Finally, Confluence Wealth Services Inc. purchased a new stake in HubSpot during the 4th quarter valued at approximately $30,000. Institutional investors own 90.34% of the company’s stock.
Shares of NYSE:HUBS opened at $534.46 on Friday. The company has a market cap of $25.25 billion, a P/E ratio of -321.96 and a beta of 1.72. The stock’s 50-day moving average is $573.36 and its 200-day moving average is $670.91. HubSpot has a 52-week low of $403.00 and a 52-week high of $866.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.57 and a current ratio of 2.57.
HubSpot, Inc develops Internet marketing software solutions. The firm operates through the following geographical segments: Americas, Europe and Asia Pacific. The company was founded by Brian Patrick Halligan and Dharmesh Shah on April 4, 2005 and is headquartered in Cambridge, MA.
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