Oppenheimer Weighs in on HubSpot Inc’s Q1 2018 Earnings (HUBS)

HubSpot Inc (NYSE:HUBS) – Stock analysts at Oppenheimer issued their Q1 2018 earnings per share (EPS) estimates for HubSpot in a report released on Wednesday. Oppenheimer analyst K. Ikeda expects that the software maker will earn ($0.27) per share for the quarter. Oppenheimer has a “Outperform” rating and a $93.00 price objective on the stock. Oppenheimer also issued estimates for HubSpot’s Q2 2018 earnings at ($0.31) EPS, Q3 2018 earnings at ($0.42) EPS, Q4 2018 earnings at ($0.33) EPS and FY2018 earnings at ($1.33) EPS.

A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of HubSpot from a “hold” rating to a “sell” rating in a report on Monday. SunTrust Banks raised their price target on shares of HubSpot to $112.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Canaccord Genuity raised their price target on shares of HubSpot from $98.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. UBS Group raised their price target on shares of HubSpot from $103.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Finally, Needham & Company LLC raised their price target on shares of HubSpot from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $93.76.

HubSpot (NYSE:HUBS) opened at $108.90 on Monday. The stock has a market cap of $4,003.50, a price-to-earnings ratio of -100.83 and a beta of 2.24. HubSpot has a fifty-two week low of $56.50 and a fifty-two week high of $111.15. The company has a quick ratio of 3.38, a current ratio of 3.38 and a debt-to-equity ratio of 1.42.

A number of hedge funds have recently added to or reduced their stakes in HUBS. Ameritas Investment Partners Inc. grew its position in HubSpot by 18.5% during the second quarter. Ameritas Investment Partners Inc. now owns 2,955 shares of the software maker’s stock valued at $194,000 after buying an additional 462 shares during the period. ETRADE Capital Management LLC acquired a new stake in HubSpot during the third quarter valued at $203,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in HubSpot by 35.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the software maker’s stock valued at $206,000 after buying an additional 606 shares during the period. Raymond James Trust N.A. acquired a new stake in HubSpot during the fourth quarter valued at $216,000. Finally, Sciencast Management LP acquired a new stake in HubSpot during the fourth quarter valued at $219,000. Institutional investors own 96.60% of the company’s stock.

In related news, CEO Brian Halligan sold 25,000 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $88.30, for a total transaction of $2,207,500.00. Following the sale, the chief executive officer now owns 796,119 shares in the company, valued at $70,297,307.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Dharmesh Shah sold 21,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $102.56, for a total transaction of $2,153,760.00. The disclosure for this sale can be found here. Insiders sold 57,000 shares of company stock worth $5,392,060 in the last quarter. Company insiders own 12.10% of the company’s stock.

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About HubSpot

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.

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