HubSpot (HUBS) Releases FY 2018 Earnings Guidance

HubSpot (NYSE:HUBS) issued an update on its FY 2018 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.80-0.82 for the period, compared to the Thomson Reuters consensus estimate of $0.66. The company issued revenue guidance of $505.5-506.5 million, compared to the consensus revenue estimate of $499.07 million.HubSpot also updated its Q4 2018 guidance to $0.29-0.31 EPS.

Shares of HUBS stock traded up $9.14 during mid-day trading on Wednesday, hitting $144.12. 723,865 shares of the stock were exchanged, compared to its average volume of 507,285. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of -141.29 and a beta of 1.92. HubSpot has a 12-month low of $73.15 and a 12-month high of $162.20. The company has a debt-to-equity ratio of 1.35, a quick ratio of 3.26 and a current ratio of 3.26.

Several brokerages have recently weighed in on HUBS. Summit Insights reiterated a hold rating on shares of HubSpot in a research note on Thursday, September 6th. Zacks Investment Research upgraded shares of HubSpot from a hold rating to a buy rating and set a $144.00 target price for the company in a research note on Thursday, August 2nd. Stifel Nicolaus increased their target price on shares of HubSpot from $136.00 to $145.00 and gave the stock a buy rating in a research note on Thursday, September 6th. UBS Group increased their target price on shares of HubSpot from $132.00 to $150.00 and gave the stock an outperform rating in a research note on Thursday, September 6th. Finally, Raymond James increased their target price on shares of HubSpot from $124.00 to $150.00 and gave the stock an outperform rating in a research note on Monday, July 30th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $145.00.

In related news, insider Dharmesh Shah sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $125.59, for a total value of $3,767,700.00. Following the completion of the sale, the insider now owns 1,596,983 shares in the company, valued at $200,565,094.97. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel John P. Kelleher sold 508 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $144.75, for a total transaction of $73,533.00. The disclosure for this sale can be found here. Insiders have sold 118,680 shares of company stock valued at $17,154,954 in the last quarter. Insiders own 9.60% of the company’s stock.

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About HubSpot

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.

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Earnings History and Estimates for HubSpot (NYSE:HUBS)

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