HubSpot (HUBS) Set to Announce Earnings on Wednesday

HubSpot (NYSE:HUBS - Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $1.49 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.22. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. The company had revenue of $581.91 million for the quarter, compared to the consensus estimate of $557.48 million. On average, analysts expect HubSpot to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

HubSpot Stock Performance

HUBS stock traded up $1.22 during midday trading on Wednesday, hitting $606.09. 625,738 shares of the company traded hands, compared to its average volume of 492,078. HubSpot has a twelve month low of $407.23 and a twelve month high of $693.85. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.35. The business has a 50 day simple moving average of $628.72 and a 200-day simple moving average of $562.65. The stock has a market capitalization of $30.86 billion, a price-to-earnings ratio of -170.73 and a beta of 1.58.

Insider Activity

In other news, insider Dawson Alyssa Harvey sold 969 shares of the firm's stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $610.00, for a total value of $591,090.00. Following the completion of the sale, the insider now directly owns 7,225 shares in the company, valued at $4,407,250. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Yamini Rangan sold 8,817 shares of HubSpot stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $620.00, for a total value of $5,466,540.00. Following the completion of the sale, the chief executive officer now directly owns 88,977 shares in the company, valued at $55,165,740. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dawson Alyssa Harvey sold 969 shares of HubSpot stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $610.00, for a total value of $591,090.00. Following the completion of the sale, the insider now owns 7,225 shares of the company's stock, valued at $4,407,250. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,362 shares of company stock worth $14,012,491. 4.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Evercore ISI increased their price objective on HubSpot from $625.00 to $650.00 and gave the company an "in-line" rating in a research report on Thursday, February 15th. UBS Group reissued a "neutral" rating and issued a $525.00 price objective on shares of HubSpot in a research report on Thursday, February 15th. Truist Financial increased their price objective on HubSpot from $600.00 to $700.00 and gave the company a "buy" rating in a research report on Thursday, February 15th. TheStreet raised HubSpot from a "d+" rating to a "c-" rating in a research report on Thursday, January 4th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $675.00 target price on shares of HubSpot in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $642.36.

HubSpot Company Profile

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.