HubSpot Inc. (NYSE: HUBS) stock jumped 0.29% on Tuesday to $346.92 against a previous-day closing price of $345.93. With 1.03 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.73 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $355.51 whereas the lowest price it dropped to was $340.71. The 52-week range on HUBS shows that it touched its highest point at $596.17 and its lowest point at $245.03 during that stretch. It currently has a 1-year price target of $370.75. Beta for the stock currently stands at 1.56.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HUBS was up-trending over the past week, with a rise of 7.78%, but this was up by 17.72% over a month. Three-month performance surged to 30.68% while six-month performance rose 19.23%. The stock lost -18.88% in the past year, while it has gained 19.99% so far this year. A look at the trailing 12-month EPS for HUBS yields -2.37 with Next year EPS estimates of 2.83. For the next quarter, that number is 0.82. This implies an EPS growth rate of 12.60% for this year and 13.65% for next year. EPS is expected to grow by 39.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -5.10%.
Float and Shares Shorts:
At present, 48.07 million HUBS shares are outstanding with a float of 46.26 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.27 million, which was 4.72% higher than short shares on Sep 14, 2022. In addition to Mr. Brian Halligan J.D. as the firm’s Co-Founder & Exec. Chairperson, Ms. Yamini Rangan serves as its CEO, Pres & Director.
Through their ownership of 93.73% of HUBS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.24% of HUBS, in contrast to 44.07% held by mutual funds. Shares owned by individuals account for 12.54%. As the largest shareholder in HUBS with 10.70% of the stake, T. Rowe Price Associates, Inc. holds 5,196,978 shares worth 5,196,978. A second-largest stockholder of HUBS, The Vanguard Group, Inc., holds 4,206,057 shares, controlling over 8.66% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in HUBS, holding 2,303,320 shares or 4.74% stake. With a 5.03% stake in HUBS, the T Rowe Price New Horizons Fund is the largest stakeholder. A total of 2,444,248 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.89% of HUBS stock, is the second-largest Mutual Fund holder. It holds 1,404,674 shares valued at 406.13 million. Vanguard Mid Cap Index Fund holds 2.22% of the stake in HUBS, owning 1,075,842 shares worth 311.06 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HUBS since 30 analysts follow the stock currently. There are 25 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HUBS analysts setting a high price target of $475.00 and a low target of $320.00, the average target price over the next 12 months is $373.19. Based on these targets, HUBS could surge 36.92% to reach the target high and fall by -7.76% to reach the target low. Reaching the average price target will result in a growth of 7.57% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. HUBS will report FY 2022 earnings on 02/09/2024. Analysts have provided yearly estimates in a range of $2.53 being high and $2.43 being low. For HUBS, this leads to a yearly average estimate of $2.49. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. HubSpot Inc. surprised analysts by $0.18 when it reported $0.69 EPS against a consensus estimate of $0.51. The surprise factor in the prior quarter was $0.01. Based on analyst estimates, the high estimate for the next quarter is $0.86 and the low estimate is $0.77. The average estimate for the next quarter is thus $0.83.
Summary of Insider Activity:
Insiders traded HUBS stock several times over the past three months with 2 Buys and 7 Sells. In these transactions, 27,612 shares were bought while 21,093 shares were sold. The number of buy transactions has increased to 31 while that of sell transactions has risen to 99 over the past year. The total number of shares bought during that period was 128,081 while 127,866 shares were sold.