Hortonworks, Inc. (HDP) Rating Reiterated by Mizuho

Hortonworks, Inc. (NASDAQ:HDP)‘s stock had its “hold” rating reissued by analysts at Mizuho in a report issued on Thursday, November 2nd. They presently have a $14.00 price objective on the software maker’s stock. Mizuho’s price target would indicate a potential downside of 24.28% from the company’s current price.

The analysts wrote, “We expect subscription revenue of $48-50mm (up 48-54% Y/Y), which compares with consensus of $47mm on continued uptake of solutions. Total revenues could print around $64-66mm (up 35-39% Y/Y) vs. consensus of $63mm. For profitability, we expect ongoing focus on execution to drive operating income toward the upper-end of guidance of a loss of $25-27mm (cons: loss of $26mm) while EPS could be in-line with to modestly better than consensus of ($0.40) as well. CFFO estimates could be slightly on the higher side. Click here for our detailed preview and model. Checks suggest continuation of recent trends. We think large deal activity could show meaningful acceleration Y/Y as execution improves and the market matures.””

A number of other equities research analysts have also commented on HDP. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $21.00 price objective on shares of Hortonworks in a research note on Friday, July 14th. Northland Securities reissued a “buy” rating and set a $24.00 target price on shares of Hortonworks in a research note on Monday, July 17th. Craig Hallum initiated coverage on shares of Hortonworks in a research note on Monday, July 17th. They set a “buy” rating and a $23.00 target price on the stock. BidaskClub raised shares of Hortonworks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research raised shares of Hortonworks from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Thursday, July 20th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $20.46.

Hortonworks (HDP) traded down $0.05 during mid-day trading on Thursday, reaching $18.49. 982,600 shares of the company were exchanged, compared to its average volume of 828,955. Hortonworks has a twelve month low of $8.02 and a twelve month high of $18.93.

Hortonworks (NASDAQ:HDP) last announced its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.24) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.16. Hortonworks had a negative net margin of 89.35% and a negative return on equity of 765.37%. The firm had revenue of $69.00 million during the quarter, compared to analysts’ expectations of $63.11 million. During the same period in the prior year, the company posted ($0.68) EPS. The company’s revenue was up 45.3% on a year-over-year basis. analysts anticipate that Hortonworks will post -2.98 earnings per share for the current year.

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In other news, insider Scott E. Gnau sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $18.10, for a total value of $543,000.00. Following the completion of the transaction, the insider now directly owns 292,743 shares in the company, valued at $5,298,648.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shaun Connolly sold 2,083 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $17.01, for a total transaction of $35,431.83. Following the completion of the transaction, the insider now owns 387,412 shares of the company’s stock, valued at $6,589,878.12. The disclosure for this sale can be found here. Insiders sold 685,095 shares of company stock valued at $11,559,683 in the last quarter. Corporate insiders own 22.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in HDP. Wells Fargo & Company MN lifted its position in Hortonworks by 73.9% during the first quarter. Wells Fargo & Company MN now owns 48,421 shares of the software maker’s stock valued at $475,000 after purchasing an additional 20,577 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Hortonworks by 14.6% during the first quarter. Bank of New York Mellon Corp now owns 181,652 shares of the software maker’s stock valued at $1,782,000 after purchasing an additional 23,149 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in Hortonworks by 31.7% during the first quarter. Parametric Portfolio Associates LLC now owns 36,431 shares of the software maker’s stock valued at $357,000 after purchasing an additional 8,779 shares during the last quarter. American International Group Inc. lifted its position in Hortonworks by 7.4% during the first quarter. American International Group Inc. now owns 24,917 shares of the software maker’s stock valued at $244,000 after purchasing an additional 1,723 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Hortonworks by 2.6% during the first quarter. Vanguard Group Inc. now owns 2,868,168 shares of the software maker’s stock valued at $28,137,000 after purchasing an additional 73,656 shares during the last quarter. Institutional investors and hedge funds own 48.04% of the company’s stock.

Hortonworks Company Profile

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.

Analyst Recommendations for Hortonworks (NASDAQ:HDP)

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