HubSpot Inc (NYSE:HUBS) – Analysts at Oppenheimer reduced their Q2 2019 earnings estimates for shares of HubSpot in a research report issued to clients and investors on Wednesday, May 8th, Zacks Investment Research reports. Oppenheimer analyst K. Ikeda now expects that the software maker will post earnings per share of ($0.36) for the quarter, down from their prior estimate of ($0.31). Oppenheimer also issued estimates for HubSpot’s Q3 2019 earnings at ($0.31) EPS, Q4 2019 earnings at ($0.12) EPS, FY2019 earnings at ($0.86) EPS, Q1 2020 earnings at ($0.14) EPS, Q2 2020 earnings at ($0.26) EPS, Q3 2020 earnings at ($0.30) EPS, Q4 2020 earnings at ($0.08) EPS and FY2020 earnings at ($0.73) EPS.
Several other research firms also recently weighed in on HUBS. Piper Jaffray Companies increased their target price on HubSpot from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Royal Bank of Canada increased their target price on HubSpot from $167.00 to $187.00 and gave the stock a “sector perform” rating in a research report on Monday, May 6th. Morgan Stanley increased their target price on HubSpot from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th. Deutsche Bank increased their target price on HubSpot from $168.00 to $180.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. Finally, Stephens set a $198.00 target price on HubSpot and gave the company a “buy” rating in a research note on Wednesday, May 8th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $187.53.
Shares of NYSE:HUBS traded up $4.78 on Monday, hitting $169.41. The company had a trading volume of 697,754 shares, compared to its average volume of 560,327. HubSpot has a 52-week low of $108.39 and a 52-week high of $192.49. The company has a market capitalization of $6.83 billion, a P/E ratio of -166.09 and a beta of 1.86. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 0.83.
HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.14) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.10. HubSpot had a negative return on equity of 10.68% and a negative net margin of 10.81%. The business had revenue of $151.80 million for the quarter, compared to the consensus estimate of $147.47 million. During the same period in the prior year, the business earned $0.15 earnings per share. The business’s revenue was up 32.5% on a year-over-year basis.
A number of large investors have recently added to or reduced their stakes in the business. Cerebellum GP LLC bought a new position in HubSpot during the 1st quarter worth approximately $325,000. Nordea Investment Management AB lifted its holdings in HubSpot by 0.8% during the 1st quarter. Nordea Investment Management AB now owns 33,562 shares of the software maker’s stock worth $5,578,000 after buying an additional 270 shares during the last quarter. Slow Capital Inc. bought a new position in HubSpot during the 1st quarter worth approximately $395,000. Pentwater Capital Management LP bought a new position in HubSpot during the 1st quarter worth approximately $1,662,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in HubSpot by 156.3% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,220 shares of the software maker’s stock worth $203,000 after buying an additional 744 shares during the last quarter. 94.66% of the stock is currently owned by institutional investors.
In other HubSpot news, General Counsel John P. Kelleher sold 390 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $181.00, for a total transaction of $70,590.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider J Donald Sherman sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $165.58, for a total value of $4,139,500.00. Following the sale, the insider now owns 116,476 shares of the company’s stock, valued at approximately $19,286,096.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,775 shares of company stock valued at $9,337,714. 9.60% of the stock is owned by insiders.
About HubSpot
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.