Hortonworks’ (HDP) Buy Rating Reaffirmed at Royal Bank Of Canada
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Hortonworks from a hold rating to a buy rating and set a $15.00 price target for the company in a research report on Thursday, July 20th. BidaskClub raised shares of Hortonworks from a hold rating to a buy rating in a research note on Wednesday, July 19th. Craig Hallum began coverage on shares of Hortonworks in a research note on Monday, July 17th. They set a buy rating and a $23.00 price objective on the stock. Northland Securities reissued a buy rating and set a $24.00 price objective on shares of Hortonworks in a research note on Monday, July 17th. Finally, Needham & Company LLC began coverage on shares of Hortonworks in a research note on Tuesday, July 25th. They set a buy rating and a $25.00 price objective on the stock. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of Buy and an average target price of $18.93.
Shares of Hortonworks (NASDAQ:HDP) traded down 2.02% during midday trading on Wednesday, hitting $15.99. 551,979 shares of the company traded hands. The stock’s 50-day moving average is $16.82 and its 200 day moving average is $13.82. Hortonworks has a 12-month low of $6.42 and a 12-month high of $17.70. The stock’s market capitalization is $661.46 million.
Hortonworks (NASDAQ:HDP) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.87) EPS for the quarter, hitting the consensus estimate of ($0.87). Hortonworks had a negative net margin of 107.07% and a negative return on equity of 765.37%. The company had revenue of $61.83 million during the quarter, compared to analysts’ expectations of $57.62 million. During the same quarter in the previous year, the company earned ($0.72) EPS. Hortonworks’s revenue was up 41.6% on a year-over-year basis. On average, analysts expect that Hortonworks will post ($1.72) earnings per share for the current year.
In other Hortonworks news, insider Scott E. Gnau sold 10,000 shares of Hortonworks stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $15.00, for a total value of $150,000.00. Following the transaction, the insider now owns 351,070 shares of the company’s stock, valued at $5,266,050. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Greg Pavlik sold 5,532 shares of Hortonworks stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $13.35, for a total transaction of $73,852.20. Following the completion of the transaction, the insider now directly owns 263,584 shares in the company, valued at approximately $3,518,846.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 665,240 shares of company stock worth $11,102,480. Insiders own 22.50% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in HDP. Oppenheimer Asset Management Inc. bought a new position in Hortonworks in the first quarter valued at approximately $117,000. FNY Partners Fund LP bought a new stake in shares of Hortonworks in the first quarter worth $117,000. ETF Managers Group LLC bought a new stake in shares of Hortonworks in the second quarter worth $125,000. Legal & General Group Plc lifted its position in shares of Hortonworks by 8.1% in the second quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock worth $144,000 after purchasing an additional 837 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in shares of Hortonworks by 15.9% in the second quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock worth $160,000 after purchasing an additional 1,700 shares in the last quarter. 50.08% of the stock is currently owned by hedge funds and other institutional investors.
Hortonworks, Inc is a provider and distributor of 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.
Receive News & Stock Ratings for Hortonworks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hortonworks Inc. and related stocks with our FREE daily email newsletter.