HubSpot Inc (NYSE:HUBS) – Investment analysts at Summit Insights issued their Q3 2019 earnings per share estimates for HubSpot in a research note issued on Tuesday, August 6th. Summit Insights analyst J. Kees expects that the software maker will earn ($0.26) per share for the quarter. Summit Insights also issued estimates for HubSpot’s Q4 2019 earnings at ($0.10) EPS and FY2020 earnings at ($0.79) EPS.
HUBS has been the topic of several other reports. ValuEngine cut HubSpot from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Morgan Stanley raised their target price on HubSpot from $175.00 to $186.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Stifel Nicolaus raised their target price on HubSpot from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Stephens set a $198.00 target price on HubSpot and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, SunTrust Banks raised their target price on HubSpot to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $188.35.
HubSpot (NYSE:HUBS) last announced its earnings results on Tuesday, August 6th. The software maker reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.07. The business had revenue of $163.30 million for the quarter, compared to analysts’ expectations of $157.26 million. HubSpot had a negative return on equity of 7.93% and a negative net margin of 9.92%. The business’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same period last year, the firm posted $0.19 earnings per share.
In related news, insider Hunter Madeley sold 1,005 shares of HubSpot stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $165.00, for a total transaction of $165,825.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Dharmesh Shah sold 31,000 shares of HubSpot stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $174.00, for a total value of $5,394,000.00. Following the sale, the chief technology officer now directly owns 1,529,718 shares in the company, valued at approximately $266,170,932. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 134,187 shares of company stock worth $23,759,382. Insiders own 8.30% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of HUBS. Dimensional Fund Advisors LP increased its position in shares of HubSpot by 17.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 73,066 shares of the software maker’s stock worth $9,186,000 after purchasing an additional 11,076 shares during the last quarter. Legal & General Group Plc lifted its holdings in HubSpot by 22.5% in the fourth quarter. Legal & General Group Plc now owns 16,290 shares of the software maker’s stock worth $2,048,000 after acquiring an additional 2,992 shares during the last quarter. Norges Bank bought a new position in HubSpot in the fourth quarter worth about $52,232,000. Geode Capital Management LLC increased its stake in shares of HubSpot by 9.8% in the fourth quarter. Geode Capital Management LLC now owns 382,570 shares of the software maker’s stock valued at $48,100,000 after purchasing an additional 34,178 shares during the period. Finally, Legacy Advisors LLC acquired a new stake in shares of HubSpot in the first quarter valued at approximately $229,000. 94.27% of the stock is currently owned by institutional investors.
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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