Wall Street brokerages predict that HubSpot Inc (NYSE:HUBS) will announce earnings of $0.11 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for HubSpot’s earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.12. HubSpot posted earnings per share of $0.03 during the same quarter last year, which indicates a positive year-over-year growth rate of 266.7%. The company is expected to report its next earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that HubSpot will report full-year earnings of $0.55 per share for the current year, with EPS estimates ranging from $0.51 to $0.59. For the next financial year, analysts anticipate that the firm will post earnings of $0.93 per share, with EPS estimates ranging from $0.78 to $1.07. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover HubSpot.
HUBS has been the topic of a number of research analyst reports. SunTrust Banks boosted their target price on HubSpot to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Canaccord Genuity boosted their target price on HubSpot from $98.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Needham & Company LLC upped their price objective on HubSpot from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Stifel Nicolaus upped their price objective on HubSpot from $88.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Finally, Zacks Investment Research upgraded HubSpot from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. HubSpot presently has a consensus rating of “Buy” and a consensus target price of $94.82.
Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp raised its holdings in shares of HubSpot by 17.4% in the second quarter. State Street Corp now owns 622,514 shares of the software maker’s stock worth $40,930,000 after buying an additional 92,448 shares during the period. American International Group Inc. grew its stake in HubSpot by 8.1% in the third quarter. American International Group Inc. now owns 22,572 shares of the software maker’s stock worth $1,897,000 after purchasing an additional 1,687 shares in the last quarter. Legal & General Group Plc grew its stake in HubSpot by 13.3% in the third quarter. Legal & General Group Plc now owns 13,969 shares of the software maker’s stock worth $1,168,000 after purchasing an additional 1,641 shares in the last quarter. JPMorgan Chase & Co. grew its stake in HubSpot by 29.0% in the third quarter. JPMorgan Chase & Co. now owns 505,034 shares of the software maker’s stock worth $41,386,000 after purchasing an additional 113,604 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in HubSpot by 25.2% in the third quarter. New York State Common Retirement Fund now owns 117,761 shares of the software maker’s stock worth $9,898,000 after purchasing an additional 23,668 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.
HubSpot (NYSE:HUBS) traded up $1.25 during trading hours on Wednesday, hitting $120.50. The company had a trading volume of 574,630 shares, compared to its average volume of 598,418. The company has a quick ratio of 3.38, a current ratio of 3.38 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $4,514.59, a P/E ratio of -111.57 and a beta of 1.94. HubSpot has a 12 month low of $56.95 and a 12 month high of $122.25.
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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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