Zacks: Analysts Anticipate HubSpot, Inc. (HUBS) to Post -$0.37 EPS

Brokerages expect that HubSpot, Inc. (NYSE:HUBS) will announce earnings of ($0.37) per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for HubSpot’s earnings. The highest EPS estimate is ($0.35) and the lowest is ($0.38). HubSpot reported earnings per share of ($0.32) in the same quarter last year, which suggests a negative year-over-year growth rate of 15.6%. The firm is expected to announce its next quarterly earnings results on Wednesday, August 2nd.

According to Zacks, analysts expect that HubSpot will report full-year earnings of ($1.29) per share for the current year, with EPS estimates ranging from ($1.33) to ($1.22). For the next year, analysts anticipate that the firm will report earnings of ($1.10) per share, with EPS estimates ranging from ($1.40) to ($0.89). Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow HubSpot.

HubSpot (NYSE:HUBS) last posted its earnings results on Tuesday, May 2nd. The software maker reported ($0.22) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.11. HubSpot had a negative return on equity of 35.75% and a negative net margin of 14.78%. The business had revenue of $82.25 million during the quarter, compared to analysts’ expectations of $79.33 million.

HUBS has been the topic of a number of recent analyst reports. Zacks Investment Research raised HubSpot from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Monday, May 1st. Oppenheimer Holdings, Inc. set a $78.00 price target on HubSpot and gave the company a “buy” rating in a report on Wednesday, May 3rd. CIBC reissued a “buy” rating and set a $70.00 price target on shares of HubSpot in a report on Wednesday, March 29th. Stephens reissued an “overweight” rating and set a $76.00 price target (up from $70.00) on shares of HubSpot in a report on Thursday, May 4th. Finally, Raymond James Financial, Inc. reissued an “outperform” rating on shares of HubSpot in a report on Tuesday, March 21st. Two equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. HubSpot presently has an average rating of “Buy” and an average target price of $68.68.

In other HubSpot news, General Counsel John P. Kelleher sold 547 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $60.55, for a total transaction of $33,120.85. Following the completion of the transaction, the general counsel now owns 38,555 shares in the company, valued at $2,334,505.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $64.75, for a total value of $1,618,750.00. Following the transaction, the chief executive officer now owns 806,787 shares of the company’s stock, valued at approximately $52,239,458.25. The disclosure for this sale can be found here. Insiders have sold 45,094 shares of company stock valued at $2,971,805 in the last 90 days. Company insiders own 18.50% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in HUBS. BlackRock Inc. increased its stake in HubSpot by 82,588.5% in the first quarter. BlackRock Inc. now owns 2,130,883 shares of the software maker’s stock valued at $129,025,000 after buying an additional 2,128,306 shares in the last quarter. First Trust Advisors LP increased its stake in HubSpot by 2,526.6% in the first quarter. First Trust Advisors LP now owns 796,410 shares of the software maker’s stock valued at $48,223,000 after buying an additional 766,089 shares in the last quarter. Norges Bank bought a new stake in HubSpot during the fourth quarter valued at $23,160,000. Franklin Resources Inc. increased its stake in HubSpot by 28.4% in the fourth quarter. Franklin Resources Inc. now owns 907,885 shares of the software maker’s stock valued at $42,671,000 after buying an additional 200,592 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in HubSpot by 24.9% in the first quarter. Bank of New York Mellon Corp now owns 965,891 shares of the software maker’s stock valued at $58,485,000 after buying an additional 192,602 shares in the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

HubSpot (NYSE:HUBS) traded up 1.35% during trading on Monday, reaching $67.80. The company had a trading volume of 268,674 shares. HubSpot has a one year low of $41.63 and a one year high of $78.50. The firm’s 50-day moving average price is $70.38 and its 200 day moving average price is $59.94. The firm’s market capitalization is $2.48 billion.

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HubSpot Company Profile

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.

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