Zacks: Brokerages Anticipate HubSpot Inc (NYSE:HUBS) Will Post Quarterly Sales of $192.26 Million

Brokerages expect HubSpot Inc (NYSE:HUBS) to report sales of $192.26 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for HubSpot’s earnings, with estimates ranging from $191.40 million to $193.12 million. HubSpot posted sales of $151.80 million during the same quarter last year, which suggests a positive year-over-year growth rate of 26.7%. The company is scheduled to report its next earnings report on Tuesday, May 5th.

On average, analysts expect that HubSpot will report full-year sales of $834.60 million for the current fiscal year. For the next financial year, analysts expect that the company will post sales of $1.01 billion, with estimates ranging from $978.96 million to $1.04 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover HubSpot.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The business had revenue of $186.19 million for the quarter, compared to the consensus estimate of $180.95 million. The company’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 EPS.

A number of research firms have commented on HUBS. Wells Fargo & Co began coverage on HubSpot in a research report on Monday, January 27th. They set an “equal weight” rating and a $190.00 price target for the company. Morgan Stanley upped their price target on HubSpot from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Thursday. Raymond James reaffirmed an “outperform” rating on shares of HubSpot in a research report on Wednesday, November 6th. Piper Jaffray Companies began coverage on HubSpot in a research report on Tuesday, November 26th. They set an “overweight” rating and a $186.00 price target for the company. Finally, Needham & Company LLC upped their price target on HubSpot from $182.00 to $211.00 and gave the company a “buy” rating in a research report on Thursday. Eight research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $199.18.

In related news, CEO Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $183.01, for a total value of $1,555,585.00. Following the sale, the chief executive officer now owns 693,605 shares in the company, valued at approximately $126,936,651.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kathryn Bueker sold 942 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $161.62, for a total value of $152,246.04. The disclosure for this sale can be found here. Insiders have sold a total of 26,443 shares of company stock worth $4,312,473 in the last quarter. Company insiders own 8.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. Artisan Partners Limited Partnership grew its stake in shares of HubSpot by 20.9% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,860,758 shares of the software maker’s stock worth $294,930,000 after buying an additional 321,449 shares during the last quarter. First Trust Advisors LP grew its stake in shares of HubSpot by 11.5% in the 4th quarter. First Trust Advisors LP now owns 1,141,316 shares of the software maker’s stock worth $180,899,000 after buying an additional 117,412 shares during the last quarter. GW&K Investment Management LLC grew its stake in shares of HubSpot by 25.4% in the 4th quarter. GW&K Investment Management LLC now owns 458,905 shares of the software maker’s stock worth $72,737,000 after buying an additional 92,948 shares during the last quarter. Eventide Asset Management LLC grew its stake in shares of HubSpot by 10.4% in the 3rd quarter. Eventide Asset Management LLC now owns 350,000 shares of the software maker’s stock worth $53,064,000 after buying an additional 33,000 shares during the last quarter. Finally, Fred Alger Management LLC boosted its stake in HubSpot by 47.7% during the 4th quarter. Fred Alger Management LLC now owns 298,884 shares of the software maker’s stock valued at $47,373,000 after purchasing an additional 96,466 shares during the last quarter. Institutional investors own 90.89% of the company’s stock.

HUBS traded up $0.44 during midday trading on Thursday, reaching $197.78. 544,418 shares of the company’s stock traded hands. The firm has a fifty day moving average of $176.36 and a two-hundred day moving average of $167.68. HubSpot has a 52 week low of $137.30 and a 52 week high of $207.98.

About HubSpot

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company's software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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