Hortonworks Inc. (HDP) Stock Rating Reaffirmed by Mizuho
Hortonworks Inc. (NASDAQ:HDP)‘s stock had its “neutral” rating reiterated by Mizuho in a research report issued to clients and investors on Tuesday. They presently have a $10.00 price objective on the stock. Mizuho’s price target suggests a potential upside of 18.62% from the stock’s current price.
HDP has been the topic of several other reports. Wunderlich reiterated a “buy” rating on shares of Hortonworks in a research report on Wednesday, July 6th. Northland Securities began coverage on Hortonworks in a research report on Friday, June 17th. They set an “outperform” rating and a $24.00 price target on the stock. Zacks Investment Research upgraded Hortonworks from a “sell” rating to a “hold” rating in a research report on Tuesday, July 5th. Drexel Hamilton restated a “buy” rating and set a $30.00 price target on shares of Hortonworks in a research report on Tuesday, August 2nd. Finally, Rosenblatt Securities began coverage on Hortonworks in a research report on Monday, August 8th. They set a “buy” rating and a $20.00 price target on the stock. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.85.
Shares of Hortonworks (NASDAQ:HDP) traded down 0.178% during trading on Tuesday, hitting $8.415. The stock had a trading volume of 10,993 shares. Hortonworks has a 52 week low of $7.12 and a 52 week high of $22.82. The firm has a 50 day moving average price of $8.10 and a 200-day moving average price of $10.40. The stock’s market capitalization is $348.10 million.
Hortonworks (NASDAQ:HDP) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.70) by $0.02. The firm had revenue of $43.60 million for the quarter, compared to the consensus estimate of $45.24 million. Hortonworks had a negative net margin of 144.53% and a negative return on equity of 236.91%. Hortonworks’s revenue for the quarter was up 45.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.82) earnings per share. On average, equities research analysts forecast that Hortonworks will post ($2.65) EPS for the current fiscal year.
In other Hortonworks news, insider Greg Pavlik sold 76,313 shares of Hortonworks stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $9.13, for a total transaction of $696,737.69. Following the completion of the transaction, the insider now owns 386,580 shares in the company, valued at $3,529,475.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Scott Davidson sold 5,477 shares of Hortonworks stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $12.44, for a total value of $68,133.88. Following the transaction, the chief financial officer now owns 465,563 shares of the company’s stock, valued at approximately $5,791,603.72. The disclosure for this sale can be found here. Company insiders own 26.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in HDP. Societe Generale acquired a new position in Hortonworks during the second quarter valued at $141,000. SG Americas Securities LLC acquired a new position in Hortonworks during the second quarter valued at $141,000. Trexquant Investment LP acquired a new position in Hortonworks during the second quarter valued at $184,000. Royal Bank of Canada boosted its position in Hortonworks by 63.1% in the first quarter. Royal Bank of Canada now owns 20,768 shares of the company’s stock valued at $234,000 after buying an additional 8,031 shares in the last quarter. Finally, American International Group Inc. boosted its position in Hortonworks by 423.7% in the second quarter. American International Group Inc. now owns 23,220 shares of the company’s stock valued at $248,000 after buying an additional 18,786 shares in the last quarter. Institutional investors and hedge funds own 51.80% of the company’s stock.
Hortonworks, Inc is a provider and distributor of an enterprise-scale data management software platforms. The Company’s product offerings include Hortonworks Data Platform (HDP), Hortonworks Sandbox and Hortonworks DataFlow Platform (HDF). It provides support subscription offerings and related professional services for its enterprise-scale Connected Data Platforms, such as HDP and HDF.
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