HubSpot (NYSE:HUBS) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

HubSpot (NYSE:HUBS) announced its quarterly earnings data on Wednesday. The software maker reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03, reports. HubSpot had a negative net margin of 8.68% and a negative return on equity of 5.74%. The firm had revenue of $186.19 million for the quarter, compared to the consensus estimate of $180.95 million. During the same period in the prior year, the company posted $0.37 earnings per share. The business’s revenue for the quarter was up 29.3% on a year-over-year basis.

HubSpot stock traded up $0.99 during mid-day trading on Friday, reaching $198.33. The company had a trading volume of 18,430 shares, compared to its average volume of 543,422. The business has a fifty day simple moving average of $176.36 and a 200 day simple moving average of $167.68. The company has a market cap of $8.42 billion, a P/E ratio of -150.20 and a beta of 1.58. HubSpot has a fifty-two week low of $137.30 and a fifty-two week high of $207.98. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.89.

In other news, CFO Kathryn Bueker sold 942 shares of HubSpot stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $161.62, for a total transaction of $152,246.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $183.01, for a total value of $1,555,585.00. Following the sale, the chief executive officer now owns 693,605 shares in the company, valued at $126,936,651.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,443 shares of company stock worth $4,312,473. Insiders own 8.30% of the company’s stock.

HUBS has been the subject of a number of recent analyst reports. Bank of America reaffirmed a “buy” rating and set a $220.00 price target on shares of HubSpot in a report on Tuesday, January 21st. Piper Sandler lifted their price objective on shares of HubSpot from $200.00 to $207.00 and gave the company an “overweight” rating in a research note on Thursday. Jefferies Financial Group lowered their price objective on shares of HubSpot from $230.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Mizuho initiated coverage on HubSpot in a research note on Thursday, January 9th. They set a “buy” rating and a $205.00 target price for the company. Finally, William Blair reaffirmed an “outperform” rating on shares of HubSpot in a report on Tuesday, November 5th. Eight research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $199.18.

HubSpot Company Profile

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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Earnings History for HubSpot (NYSE:HUBS)

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