HubSpot (HUBS) Scheduled to Post Quarterly Earnings on Wednesday

HubSpot (NYSE:HUBS) will be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $1.89 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The company had revenue of $637.20 million for the quarter, compared to the consensus estimate of $619.28 million. During the same period last year, the firm posted ($1.17) EPS. HubSpot’s revenue for the quarter was up 20.4% on a year-over-year basis.

HubSpot Stock Up 1.9 %

NYSE HUBS opened at $565.23 on Monday. The business’s 50-day moving average price is $524.47 and its 200 day moving average price is $546.59. The firm has a market cap of $29.02 billion, a P/E ratio of -1,046.70, a P/E/G ratio of 7,376.40 and a beta of 1.63. HubSpot has a 52-week low of $408.62 and a 52-week high of $693.85.

Insider Buying and Selling

In other news, CFO Kathryn Bueker sold 1,804 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $550.00, for a total transaction of $992,200.00. Following the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at $22,692,450. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other HubSpot news, CEO Yamini Rangan sold 1,507 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $792,440.88. Following the completion of the sale, the chief executive officer now directly owns 62,668 shares in the company, valued at $32,953,341.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 1,804 shares of the firm’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total transaction of $992,200.00. Following the completion of the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $22,692,450. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,937 shares of company stock worth $3,194,673. 4.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Evercore ISI boosted their target price on HubSpot from $550.00 to $610.00 and gave the company an “in-line” rating in a report on Wednesday, October 23rd. UBS Group cut their price objective on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Raymond James lowered their target price on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Citigroup dropped their target price on HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Oppenheimer reissued an “outperform” rating and issued a $625.00 price target on shares of HubSpot in a report on Thursday, September 19th. Four research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $614.33.

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.