HubSpot (HUBS) Updates Q4 2018 Earnings Guidance

HubSpot (NYSE:HUBS) issued an update on its fourth quarter 2018 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.29-0.31 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.27. The company issued revenue guidance of $136.5-137.5 million, compared to the consensus revenue estimate of $135.34 million.HubSpot also updated its FY 2018 guidance to $0.80-0.82 EPS.

Shares of HUBS stock traded up $1.14 during trading hours on Thursday, reaching $145.26. The company had a trading volume of 8,724 shares, compared to its average volume of 528,851. The company has a debt-to-equity ratio of 1.35, a quick ratio of 3.26 and a current ratio of 3.26. HubSpot has a twelve month low of $73.15 and a twelve month high of $162.20. The firm has a market cap of $5.24 billion, a P/E ratio of -142.94 and a beta of 1.92.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, November 7th. The software maker reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.37). HubSpot had a negative net margin of 12.64% and a negative return on equity of 17.00%. The company had revenue of $131.83 million during the quarter, compared to analyst estimates of $126.65 million. During the same quarter last year, the business posted $0.03 EPS. HubSpot’s quarterly revenue was up 34.9% compared to the same quarter last year. On average, equities research analysts predict that HubSpot will post -1.09 EPS for the current year.

A number of equities research analysts have weighed in on HUBS shares. Raymond James raised their price objective on HubSpot from $124.00 to $150.00 and gave the company an outperform rating in a research note on Monday, July 30th. Royal Bank of Canada raised their price objective on HubSpot to $141.00 and gave the company a sector perform rating in a research note on Tuesday, July 31st. Morgan Stanley raised their price objective on HubSpot from $117.00 to $119.00 and gave the company an equal weight rating in a research note on Thursday, August 2nd. Needham & Company LLC raised their price objective on HubSpot from $130.00 to $145.00 and gave the company a buy rating in a research note on Thursday, August 2nd. Finally, Zacks Investment Research upgraded HubSpot from a hold rating to a buy rating and set a $144.00 price objective for the company in a research note on Thursday, August 2nd. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $145.43.

In related news, General Counsel John P. Kelleher sold 3,815 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $130.00, for a total value of $495,950.00. Following the sale, the general counsel now owns 40,548 shares of the company’s stock, valued at approximately $5,271,240. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Dharmesh Shah sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $125.59, for a total value of $3,767,700.00. Following the completion of the sale, the insider now directly owns 1,596,983 shares in the company, valued at approximately $200,565,094.97. The disclosure for this sale can be found here. In the last quarter, insiders sold 118,680 shares of company stock valued at $17,154,954. Insiders own 9.60% of the company’s stock.

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HubSpot Company Profile

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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Earnings History and Estimates for HubSpot (NYSE:HUBS)

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