HubSpot (NYSE:HUBS) Announces Earnings Results, Beats Estimates By $0.30 EPS

HubSpot (NYSE:HUBS) announced its quarterly earnings results on Wednesday. The software maker reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30, Briefing.com reports. The company had revenue of $637.20 million for the quarter, compared to analysts’ expectations of $619.28 million. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. HubSpot’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.17) EPS.

HubSpot Stock Performance

HubSpot stock traded down $3.74 during midday trading on Friday, hitting $472.61. The stock had a trading volume of 600,231 shares, compared to its average volume of 654,662. The firm’s fifty day moving average is $536.09 and its two-hundred day moving average is $590.11. The company has a market capitalization of $24.09 billion, a PE ratio of -178.34 and a beta of 1.60. 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 Buying and Selling

In related news, insider Dawson Alyssa Harvey sold 384 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total value of $179,416.32. Following the completion of the sale, the insider now directly owns 9,735 shares of the company’s stock, valued at approximately $4,548,484.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other HubSpot news, CFO Kathryn Bueker sold 3,937 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $616.51, for a total transaction of $2,427,199.87. Following the completion of the sale, the chief financial officer now directly owns 45,737 shares of the company’s stock, valued at approximately $28,197,317.87. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Dawson Alyssa Harvey sold 384 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the sale, the insider now directly owns 9,735 shares of the company’s stock, valued at $4,548,484.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,875 shares of company stock valued at $26,879,025. 4.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Raymond James dropped their price target on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a research note on Thursday. Truist Financial restated a “buy” rating and set a $600.00 target price (down previously from $700.00) on shares of HubSpot in a research note on Thursday. Canaccord Genuity Group lowered their target price on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Thursday. Needham & Company LLC restated a “buy” rating and set a $730.00 target price on shares of HubSpot in a research note on Thursday. Finally, TD Cowen lowered their target price on shares of HubSpot from $700.00 to $680.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Five analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and a consensus price target of $610.52.

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.