HubSpot (HUBS) to Release Earnings on Wednesday

HubSpot (NYSE:HUBS) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect HubSpot to post earnings of $1.63 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

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

HubSpot Stock Performance

Shares of NYSE HUBS opened at $488.02 on Wednesday. The company’s 50-day simple moving average is $558.73 and its 200-day simple moving average is $596.15. HubSpot has a 52-week low of $407.23 and a 52-week high of $693.85. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.32.

Insider Activity

In other news, CEO Yamini Rangan sold 2,877 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $1,705,485.60. Following the sale, the chief executive officer now directly owns 68,037 shares of the company’s stock, valued at approximately $40,332,333.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Kathryn Bueker sold 2,190 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $625.00, for a total transaction of $1,368,750.00. Following the sale, the chief financial officer now directly owns 45,737 shares of the company’s stock, valued at approximately $28,585,625. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Yamini Rangan sold 2,877 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the sale, the chief executive officer now directly owns 68,037 shares in the company, valued at $40,332,333.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,491 shares of company stock valued at $26,699,609. Company insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on HUBS. BMO Capital Markets lowered their price target on shares of HubSpot from $710.00 to $635.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th. UBS Group lowered their price target on shares of HubSpot from $640.00 to $580.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Wells Fargo & Company lowered their price target on shares of HubSpot from $750.00 to $650.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Mizuho lowered their price target on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, Needham & Company LLC restated a “buy” rating and set a $730.00 price target on shares of HubSpot in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $630.04.

HubSpot Company Profile

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.