HubSpot (HUBS) Issues Earnings Results, Misses Expectations By $0.37 EPS

HubSpot (NYSE:HUBS) posted its quarterly earnings results on Wednesday. The software maker reported ($0.32) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.37), Morningstar.com reports. HubSpot had a negative net margin of 12.64% and a negative return on equity of 17.00%. The firm had revenue of $131.83 million for the quarter, compared to the consensus estimate of $126.65 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. The company’s quarterly revenue was up 34.9% compared to the same quarter last year.

Shares of HubSpot stock traded down $1.69 during trading on Friday, hitting $136.31. The company’s stock had a trading volume of 6,189 shares, compared to its average volume of 528,851. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.26 and a quick ratio of 3.26. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of -133.53 and a beta of 1.92. HubSpot has a 52 week low of $73.15 and a 52 week high of $162.20.

HUBS has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price target on shares of HubSpot from $136.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, September 6th. Needham & Company LLC upped their price objective on shares of HubSpot to $160.00 and gave the stock a “buy” rating in a report on Thursday, September 6th. Canaccord Genuity upped their price objective on shares of HubSpot from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, September 6th. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $144.00 price objective for the company in a report on Thursday, August 2nd. Finally, UBS Group restated a “buy” rating on shares of HubSpot in a report on Tuesday, August 7th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $147.07.

In related news, CEO Brian Halligan sold 25,000 shares of the stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $149.01, for a total value of $3,725,250.00. Following the completion of the transaction, the chief executive officer now directly owns 706,334 shares in the company, valued at approximately $105,250,829.34. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dharmesh Shah sold 30,000 shares of the stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $125.59, for a total transaction of $3,767,700.00. Following the completion of the transaction, the insider now owns 1,596,983 shares of the company’s stock, valued at $200,565,094.97. The disclosure for this sale can be found here. Over the last quarter, insiders sold 118,680 shares of company stock valued at $17,154,954. 9.60% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of HUBS. Jennison Associates LLC grew its position in HubSpot by 8.1% during the 3rd quarter. Jennison Associates LLC now owns 943,422 shares of the software maker’s stock valued at $142,410,000 after purchasing an additional 70,430 shares during the last quarter. Swiss National Bank grew its position in HubSpot by 1.4% during the 3rd quarter. Swiss National Bank now owns 63,600 shares of the software maker’s stock valued at $9,600,000 after purchasing an additional 900 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in HubSpot during the 3rd quarter valued at about $452,000. SG Americas Securities LLC grew its position in HubSpot by 118.4% during the 3rd quarter. SG Americas Securities LLC now owns 6,055 shares of the software maker’s stock valued at $914,000 after purchasing an additional 3,283 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in HubSpot during the 3rd quarter valued at about $160,000. Institutional investors own 96.36% 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 for HubSpot (NYSE:HUBS)

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