HubSpot (HUBS) to Release Earnings on Wednesday

HubSpot (NYSE:HUBS) will be releasing its earnings data after the market closes on Wednesday, August 7th. Analysts expect HubSpot to post earnings of $1.63 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.27. The business had revenue of $617.41 million during the quarter, compared to the consensus estimate of $597.12 million. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. On average, analysts expect HubSpot to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

HubSpot Stock Down 2.1 %

HUBS stock opened at $488.02 on Wednesday. HubSpot has a 52 week low of $407.23 and a 52 week high of $693.85. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.07 and a current ratio of 2.07. The business has a fifty day simple moving average of $558.73 and a 200-day simple moving average of $596.15.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total value of $4,014,295.00. Following the transaction, the insider now owns 518,152 shares of the company’s stock, valued at $244,707,645.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the sale, the insider now directly owns 518,152 shares of the company’s stock, valued at approximately $244,707,645.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Dawson Alyssa Harvey sold 469 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $620.15, for a total transaction of $290,850.35. Following the sale, the insider now directly owns 11,052 shares in the company, valued at $6,853,897.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,491 shares of company stock valued at $26,699,609. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

HUBS has been the subject of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $730.00 price target on shares of HubSpot in a report on Thursday, May 9th. Mizuho lowered their price target on HubSpot from $700.00 to $650.00 and set a “buy” rating for the company in a report on Thursday, May 9th. TD Cowen lowered their price target on HubSpot from $700.00 to $680.00 and set a “buy” rating for the company in a report on Thursday, May 9th. BMO Capital Markets lowered their price target on HubSpot from $710.00 to $635.00 and set an “outperform” rating for the company in a report on Thursday, May 9th. Finally, Stifel Nicolaus lowered their price target on HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and an average price target of $630.04.

About HubSpot

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.