HubSpot Inc Forecasted to Earn FY2019 Earnings of ($1.11) Per Share (HUBS)

HubSpot Inc (NYSE:HUBS) – Analysts at William Blair issued their FY2019 earnings per share estimates for HubSpot in a note issued to investors on Tuesday. William Blair analyst B. Suri forecasts that the software maker will post earnings per share of ($1.11) for the year.

Several other analysts have also recently commented on the company. Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a report on Tuesday, January 2nd. Morgan Stanley lifted their price objective on HubSpot from $90.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, October 23rd. UBS Group lifted their price objective on HubSpot from $84.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Needham & Company LLC lifted their price objective on HubSpot to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Finally, Oppenheimer set a $91.00 price objective on HubSpot and gave the company a “buy” rating in a research note on Wednesday, October 25th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $86.31.

HubSpot (NYSE:HUBS) traded up $1.80 on Friday, reaching $91.05. The company’s stock had a trading volume of 592,227 shares, compared to its average volume of 331,291. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.41. The stock has a market cap of $3,335.41, a PE ratio of -78.49 and a beta of 2.24. HubSpot has a 52 week low of $54.95 and a 52 week high of $102.30.

In related news, CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $88.30, for a total transaction of $2,207,500.00. Following the transaction, the chief executive officer now directly owns 796,119 shares of the company’s stock, valued at approximately $70,297,307.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hunter Madeley sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $95.35, for a total value of $667,450.00. The disclosure for this sale can be found here. Insiders have sold a total of 35,000 shares of company stock worth $3,134,850 over the last three months. 12.10% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in HUBS. Ameritas Investment Partners Inc. lifted its position in HubSpot by 18.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,955 shares of the software maker’s stock worth $194,000 after acquiring an additional 462 shares in the last quarter. ETRADE Capital Management LLC acquired a new position in HubSpot during the 3rd quarter worth approximately $203,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in HubSpot by 35.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the software maker’s stock worth $206,000 after acquiring an additional 606 shares in the last quarter. Raymond James Trust N.A. acquired a new position in HubSpot during the 4th quarter worth approximately $216,000. Finally, 361 Capital LLC acquired a new position in HubSpot during the 3rd quarter worth approximately $222,000. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

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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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