Analysts expect that HubSpot, Inc. (NYSE:HUBS) will post $117.61 million in sales for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for HubSpot’s earnings. The lowest sales estimate is $117.00 million and the highest is $118.03 million. HubSpot posted sales of $89.09 million in the same quarter last year, which suggests a positive year over year growth rate of 32%. The firm is scheduled to report its next quarterly earnings report on Wednesday, August 1st.

On average, analysts expect that HubSpot will report full year sales of $491.62 million for the current financial year, with estimates ranging from $490.10 million to $495.82 million. For the next fiscal year, analysts anticipate that the business will post sales of $607.80 million per share, with estimates ranging from $584.36 million to $622.65 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for HubSpot.

HubSpot (NYSE:HUBS) last announced its earnings results on Thursday, May 10th. The software maker reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.04. The company had revenue of $114.56 million for the quarter, compared to analysts’ expectations of $109.89 million. HubSpot had a negative return on equity of 15.17% and a negative net margin of 11.54%. HubSpot’s quarterly revenue was up 39.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.03 earnings per share.

Several brokerages recently issued reports on HUBS. SunTrust Banks lifted their target price on HubSpot to $135.00 and gave the company a “buy” rating in a research report on Friday, May 11th. Needham & Company LLC lifted their target price on HubSpot and gave the company a “buy” rating in a research report on Friday, May 11th. Canaccord Genuity lifted their price target on HubSpot from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, May 11th. ValuEngine upgraded HubSpot from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 8th. Finally, Stifel Nicolaus lifted their price target on HubSpot from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, May 7th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. HubSpot has a consensus rating of “Buy” and a consensus price target of $108.57.

Shares of HubSpot opened at $109.90 on Thursday, Marketbeat reports. The company has a market cap of $4.23 billion, a P/E ratio of -107.75 and a beta of 1.94. The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.22 and a current ratio of 3.22. HubSpot has a 12-month low of $108.65 and a 12-month high of $110.85.

In other HubSpot news, CEO Brian Halligan sold 22,500 shares of the business’s stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $118.09, for a total value of $2,657,025.00. Following the sale, the chief executive officer now directly owns 754,598 shares in the company, valued at $89,110,477.82. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Hunter Madeley sold 1,000 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $110.10, for a total value of $110,100.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 118,793 shares of company stock worth $13,486,224. Corporate insiders own 9.60% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of HUBS. Jennison Associates LLC raised its stake in shares of HubSpot by 135.8% in the fourth quarter. Jennison Associates LLC now owns 1,273,084 shares of the software maker’s stock valued at $112,541,000 after buying an additional 733,246 shares during the period. Bank of New York Mellon Corp grew its position in shares of HubSpot by 10.6% in the fourth quarter. Bank of New York Mellon Corp now owns 2,395,691 shares of the software maker’s stock valued at $211,779,000 after purchasing an additional 229,182 shares in the last quarter. Victory Capital Management Inc. purchased a new position in shares of HubSpot in the fourth quarter valued at $15,095,000. Lord Abbett & CO. LLC grew its position in shares of HubSpot by 28.4% in the first quarter. Lord Abbett & CO. LLC now owns 719,878 shares of the software maker’s stock valued at $77,963,000 after purchasing an additional 159,065 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of HubSpot by 9.0% in the fourth quarter. Alliancebernstein L.P. now owns 1,233,632 shares of the software maker’s stock valued at $109,053,000 after purchasing an additional 101,364 shares in the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.

About HubSpot

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.

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