HubSpot (HUBS) Issues FY 2018 Earnings Guidance

Share on StockTwits

HubSpot (NYSE:HUBS) updated its FY 2018 earnings guidance on Wednesday. The company provided EPS guidance of $0.80-0.82 for the period, compared to the Thomson Reuters consensus EPS 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.

A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of HubSpot from a buy rating to a hold rating in a research note on Tuesday, August 7th. Summit Insights reaffirmed a hold rating on shares of HubSpot in a research note on Thursday, September 6th. Needham & Company LLC increased their price target on shares of HubSpot from $130.00 to $145.00 and gave the stock a buy rating in a research note on Thursday, August 2nd. Royal Bank of Canada increased their price target on shares of HubSpot to $141.00 and gave the stock a sector perform rating in a research note on Tuesday, July 31st. Finally, UBS Group increased their price target 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. Five investment 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. HubSpot currently has a consensus rating of Buy and a consensus target price of $145.00.

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

In other news, insider Dharmesh Shah sold 30,000 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 1,596,983 shares of the company’s stock, valued at approximately $200,565,094.97. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Hunter Madeley sold 1,000 shares of the firm’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $137.61, for a total transaction of $137,610.00. Following the completion of the transaction, the insider now directly owns 36,797 shares in the company, valued at approximately $5,063,635.17. The disclosure for this sale can be found here. In the last three months, insiders sold 118,680 shares of company stock worth $17,154,954. Insiders own 9.60% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by Week Herald and is the sole property of of Week Herald. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this piece of content can be accessed at https://weekherald.com/2018/11/07/hubspot-hubs-issues-fy-2018-earnings-guidance.html.

HubSpot Company Profile

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.

Featured Article: What are the most popular ETFs

Earnings History and Estimates for HubSpot (NYSE:HUBS)

Receive News & Ratings for HubSpot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HubSpot and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply