HubSpot, Inc. (HUBS) Releases FY17 Earnings Guidance

HubSpot, Inc. (NYSE:HUBS) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.03-$0.07 for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.08). The company issued revenue guidance of $362.8-$364.8 million, compared to the consensus revenue estimate of $358.41 million.HubSpot also updated its Q3 guidance to ($0.10)-($0.08) EPS.

HubSpot, Inc. (NYSE HUBS) opened at 67.35 on Friday. The company’s market capitalization is $2.49 billion. The company has a 50-day moving average of $69.85 and a 200-day moving average of $64.98. HubSpot, Inc. has a 52 week low of $44.90 and a 52 week high of $78.50.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, August 2nd. The software maker reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The firm had revenue of $89.10 million for the quarter, compared to analyst estimates of $85.80 million. HubSpot had a negative net margin of 13.17% and a negative return on equity of 27.99%. The company’s revenue for the quarter was up 37.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.07) EPS. On average, equities research analysts anticipate that HubSpot, Inc. will post $0.05 EPS for the current year.

A number of equities research analysts have recently weighed in on the stock. BidaskClub lowered shares of HubSpot from a strong-buy rating to a buy rating in a research note on Friday. Cowen and Company reissued a market perform rating and set a $69.00 price target (up from $63.00) on shares of HubSpot in a research report on Friday, August 4th. Canaccord Genuity lifted their price target on shares of HubSpot from $80.00 to $83.00 and gave the company a buy rating in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. set a $80.00 price target on shares of HubSpot and gave the company a buy rating in a research report on Thursday, August 3rd. Finally, SunTrust Banks, Inc. initiated coverage on shares of HubSpot in a research report on Monday, June 26th. They set a buy rating and a $81.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. HubSpot currently has a consensus rating of Buy and an average target price of $72.19.

In other news, CEO Brian Halligan sold 25,000 shares of HubSpot stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $64.75, for a total value of $1,618,750.00. Following the completion of the sale, the chief executive officer now directly owns 806,787 shares in the company, valued at $52,239,458.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hunter Madeley sold 16,000 shares of HubSpot stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $72.77, for a total transaction of $1,164,320.00. Following the completion of the sale, the insider now owns 84,549 shares of the company’s stock, valued at $6,152,630.73. The disclosure for this sale can be found here. Insiders sold 57,899 shares of company stock valued at $3,934,380 over the last quarter. Company insiders own 18.50% of the company’s stock.

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About HubSpot

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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