HubSpot (HUBS) Announces Earnings Results

HubSpot (NYSE:HUBS) announced its quarterly earnings results on Tuesday. The software maker reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.54, Bloomberg Earnings reports. HubSpot had a negative return on equity of 19.13% and a negative net margin of 13.43%. The firm had revenue of $144.02 million for the quarter, compared to analysts’ expectations of $137.48 million. During the same period in the prior year, the business posted $0.12 earnings per share. The business’s revenue was up 35.2% compared to the same quarter last year.

Shares of HUBS stock opened at $172.00 on Wednesday. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.37. The firm has a market cap of $6.58 billion, a PE ratio of -168.63 and a beta of 1.92. HubSpot has a 52 week low of $95.56 and a 52 week high of $172.54.

In other news, General Counsel John P. Kelleher sold 508 shares of the company’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $138.54, for a total transaction of $70,378.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Dharmesh Shah sold 27,000 shares of the company’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $125.50, for a total value of $3,388,500.00. The disclosure for this sale can be found here. Insiders have sold 73,763 shares of company stock worth $9,545,440 in the last 90 days. Company insiders own 9.60% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Ffcm LLC bought a new position in HubSpot in the fourth quarter valued at approximately $25,000. CWM LLC bought a new position in HubSpot in the fourth quarter valued at approximately $40,000. First Hawaiian Bank bought a new position in HubSpot in the fourth quarter valued at approximately $43,000. Mckinley Capital Management LLC Delaware bought a new position in HubSpot in the fourth quarter valued at approximately $51,000. Finally, DekaBank Deutsche Girozentrale grew its stake in HubSpot by 85.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock valued at $119,000 after purchasing an additional 385 shares in the last quarter. 93.19% of the stock is currently owned by institutional investors and hedge funds.

HUBS has been the topic of a number of analyst reports. Stephens initiated coverage on HubSpot in a research report on Thursday, January 17th. They issued an “overweight” rating and a $191.00 price target on the stock. Morgan Stanley lowered their price target on HubSpot from $148.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 23rd. Bank of America upped their price target on HubSpot to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 17th. CIBC reiterated a “market perform” rating on shares of HubSpot in a research report on Thursday, January 24th. Finally, Deutsche Bank initiated coverage on HubSpot in a research report on Friday, January 25th. They issued a “hold” rating and a $150.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $158.94.

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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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Earnings History for HubSpot (NYSE:HUBS)

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