Hortonworks, Inc. (HDP) Given “Hold” Rating at Mizuho
Hortonworks, Inc. (NASDAQ:HDP)‘s stock had its “hold” rating restated by equities research analysts at Mizuho in a report issued on Thursday. They currently have a $14.00 target price on the software maker’s stock. Mizuho’s price objective points to a potential downside of 15.20% from the stock’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 analysts also recently weighed in on HDP. Sanford C. Bernstein restated an “outperform” rating and issued a $21.00 target price on shares of Hortonworks in a research note on Friday, July 14th. Northland Securities restated a “buy” rating and issued a $24.00 target price on shares of Hortonworks in a research note on Monday, July 17th. Craig Hallum started coverage on Hortonworks in a research note on Monday, July 17th. They issued a “buy” rating and a $23.00 target price on the stock. BidaskClub upgraded Hortonworks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research upgraded 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. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $18.93.
Hortonworks (NASDAQ:HDP) last announced its earnings results on Thursday, August 3rd. The software maker reported ($0.87) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.87). Hortonworks had a negative return on equity of 765.37% and a negative net margin of 107.07%. The firm had revenue of $61.83 million for the quarter, compared to the consensus estimate of $57.62 million. During the same quarter in the previous year, the business earned ($0.72) EPS. The company’s revenue was up 41.6% compared to the same quarter last year.
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In other Hortonworks news, insider Scott E. Gnau sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $15.00, for a total transaction of $150,000.00. Following the sale, the insider now owns 351,070 shares of the company’s stock, valued at approximately $5,266,050. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shaun Connolly sold 13,644 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $16.43, for a total transaction of $224,170.92. Following the sale, the insider now directly owns 251,685 shares in the company, valued at approximately $4,135,184.55. The disclosure for this sale can be found here. Insiders have sold a total of 659,708 shares of company stock worth $11,028,628 in the last three months. Insiders own 22.50% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Oppenheimer Asset Management Inc. bought a new stake in Hortonworks during the 1st quarter valued at $117,000. Lyon Street Capital LLC raised its holdings in Hortonworks by 27.0% during the 2nd quarter. Lyon Street Capital LLC now owns 272,095 shares of the software maker’s stock valued at $3,505,000 after acquiring an additional 57,845 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Hortonworks by 17.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 205,032 shares of the software maker’s stock valued at $2,012,000 after acquiring an additional 29,747 shares during the period. Wells Fargo & Company MN raised its holdings in Hortonworks by 73.9% during the 1st quarter. Wells Fargo & Company MN now owns 48,421 shares of the software maker’s stock valued at $475,000 after acquiring an additional 20,577 shares during the period. Finally, Strs Ohio bought a new stake in Hortonworks during the 2nd quarter valued at $408,000. 50.25% of the stock is currently owned by institutional investors and hedge funds.
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.
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