HubSpot (NYSE:HUBS) Issues FY 2024 Earnings Guidance

HubSpot (NYSE:HUBS - Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 7.300-7.380 for the period, compared to the consensus EPS estimate of 6.970. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion. HubSpot also updated its FY24 guidance to $7.30 to $7.38 EPS.

HubSpot Trading Down 4.2 %

Shares of NYSE HUBS traded down $26.03 during trading hours on Wednesday, hitting $589.43. 1,180,274 shares of the company traded hands, compared to its average volume of 502,374. The company's 50 day moving average price is $628.65 and its 200 day moving average price is $567.79. HubSpot has a 12 month low of $407.23 and a 12 month high of $693.85. The stock has a market capitalization of $30.01 billion, a price-to-earnings ratio of -166.04 and a beta of 1.57. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.35.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.22. HubSpot had a negative net margin of 8.12% and a negative return on equity of 6.38%. The company had revenue of $581.91 million during the quarter, compared to analyst estimates of $557.48 million. On average, equities research analysts anticipate that HubSpot will post -0.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on HUBS shares. William Blair reissued an outperform rating on shares of HubSpot in a research note on Thursday, February 15th. UBS Group reaffirmed a neutral rating and issued a $525.00 price target on shares of HubSpot in a research note on Thursday, February 15th. KeyCorp started coverage on shares of HubSpot in a research report on Thursday, March 21st. They issued an underweight rating and a $520.00 price objective for the company. Barclays raised their target price on shares of HubSpot from $475.00 to $600.00 and gave the stock an equal weight rating in a research report on Wednesday, January 24th. Finally, Truist Financial boosted their price target on HubSpot from $600.00 to $700.00 and gave the company a buy rating in a report on Thursday, February 15th. One equities 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. According to MarketBeat.com, HubSpot currently has an average rating of Moderate Buy and an average price target of $642.36.

Insider Activity at HubSpot

In related news, insider Dawson Alyssa Harvey sold 1,086 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $618.25, for a total value of $671,419.50. Following the completion of the transaction, the insider now directly owns 7,783 shares of the company's stock, valued at approximately $4,811,839.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Dawson Alyssa Harvey sold 1,086 shares of the company's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $618.25, for a total value of $671,419.50. Following the transaction, the insider now directly owns 7,783 shares of the company's stock, valued at approximately $4,811,839.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 8,817 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer now owns 88,977 shares of the company's stock, valued at approximately $55,165,740. The disclosure for this sale can be found here. Insiders have sold 21,393 shares of company stock valued at $13,421,401 in the last ninety days. Corporate insiders own 4.90% of the company's stock.

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.