$126.91 Million in Sales Expected for HubSpot Inc (HUBS) This Quarter

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Wall Street analysts expect HubSpot Inc (NYSE:HUBS) to report $126.91 million in sales for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have made estimates for HubSpot’s earnings, with estimates ranging from $126.07 million to $130.67 million. HubSpot posted sales of $97.73 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 29.9%. The firm is scheduled to report its next quarterly earnings results after the market closes on Wednesday, November 7th.

On average, analysts expect that HubSpot will report full-year sales of $499.60 million for the current fiscal year, with estimates ranging from $497.69 million to $508.01 million. For the next year, analysts expect that the company will report sales of $624.80 million, with estimates ranging from $598.49 million to $655.11 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow HubSpot.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, August 1st. The software maker reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The firm had revenue of $122.60 million during the quarter, compared to analysts’ expectations of $117.75 million. HubSpot had a negative net margin of 12.64% and a negative return on equity of 17.00%. The business’s revenue for the quarter was up 37.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 earnings per share.

A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of HubSpot from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Summit Insights reissued a “hold” rating on shares of HubSpot in a report on Thursday, September 6th. Needham & Company LLC increased their target price on shares of HubSpot from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Royal Bank of Canada increased their target price on shares of HubSpot to $141.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 31st. Finally, UBS Group increased their target price on shares of HubSpot from $132.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, September 6th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $141.53.

Shares of HUBS stock traded down $4.56 on Friday, reaching $126.44. The company had a trading volume of 476,300 shares, compared to its average volume of 507,136. The stock has a market capitalization of $5.11 billion, a P/E ratio of -122.95 and a beta of 1.94. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 1.35. HubSpot has a one year low of $73.15 and a one year high of $162.20.

In related news, Director Ronald S. Gill sold 4,140 shares of the firm’s stock in a transaction that occurred on Wednesday, October 10th. The shares were sold at an average price of $133.62, for a total value of $553,186.80. Following the completion of the transaction, the director now owns 18,214 shares in the company, valued at approximately $2,433,754.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Brian Halligan sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $149.01, for a total transaction of $3,725,250.00. Following the completion of the transaction, the chief executive officer now owns 706,334 shares of the company’s stock, valued at approximately $105,250,829.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 124,180 shares of company stock valued at $17,831,557. 9.60% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of HUBS. Whale Rock Capital Management LLC bought a new position in HubSpot in the 2nd quarter valued at approximately $64,123,000. Voya Investment Management LLC raised its holdings in HubSpot by 1,365.6% in the 2nd quarter. Voya Investment Management LLC now owns 221,971 shares of the software maker’s stock valued at $27,836,000 after buying an additional 206,826 shares during the last quarter. Scge Management L.P. raised its holdings in HubSpot by 25.2% in the 2nd quarter. Scge Management L.P. now owns 795,650 shares of the software maker’s stock valued at $99,775,000 after buying an additional 160,200 shares during the last quarter. Soros Fund Management LLC bought a new position in HubSpot in the 2nd quarter valued at approximately $16,611,000. Finally, Wasatch Advisors Inc. raised its holdings in HubSpot by 22.6% in the 2nd quarter. Wasatch Advisors Inc. now owns 598,249 shares of the software maker’s stock valued at $75,020,000 after buying an additional 110,198 shares during the last quarter. Institutional investors and hedge funds own 96.43% of the company’s stock.

About HubSpot

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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