A number of research firms have changed their ratings and price targets for Hortonworks (NASDAQ: HDP):

  • 11/7/2017 – Hortonworks was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $21.00 price target on the stock. According to Zacks, “Hortonworks Inc. is involved in the development, distribution and support of Hadoop solutions primarily in the United States and internationally. The company provides an enterprise-grade data management platform to capture, store, process and analyze data. Hortonworks Inc. is headquartered in Palo Alto, California. “
  • 11/7/2017 – Hortonworks was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 11/6/2017 – Hortonworks had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $26.00 price target on the stock. They wrote, “We expect Hortonworks to provide more color around the revenue opportunity from IBM on its next earnings call; however, we have not reflected this transaction in our model. Essentially, IBM Open Platform customers (IOP) have approximately 18 months (from 6/17) to transition to Hortonworks with the company anticipating the vast majority to move over. We also see great potential in leveraging IBM’s go-to-market capabilities (especially overseas), combined with strengthening the Hortonworks platform.””
  • 11/3/2017 – Hortonworks had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $20.00 price target on the stock.
  • 11/2/2017 – Hortonworks had its “hold” rating reaffirmed by analysts at Mizuho. They now have a $14.00 price target on the stock. They 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.””
  • 10/19/2017 – Hortonworks had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $24.00 price target on the stock.
  • 10/18/2017 – Hortonworks had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 10/11/2017 – Hortonworks was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/4/2017 – Hortonworks was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Hortonworks Inc. is involved in the development, distribution and support of Hadoop solutions primarily in the United States and internationally. The company provides an enterprise-grade data management platform to capture, store, process and analyze data. Hortonworks Inc. is headquartered in Palo Alto, California. “

Hortonworks, Inc. (NASDAQ:HDP) opened at $20.34 on Friday. Hortonworks, Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $20.61.

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

In other Hortonworks news, insider Shaun Connolly sold 13,644 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $16.43, for a total transaction of $224,170.92. Following the completion of the transaction, the insider now owns 251,685 shares of the company’s stock, valued at $4,135,184.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert G. Bearden sold 148,899 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $18.75, for a total value of $2,791,856.25. Following the transaction, the chief executive officer now directly owns 2,054,076 shares of the company’s stock, valued at approximately $38,513,925. The disclosure for this sale can be found here. Insiders have sold 755,013 shares of company stock valued at $13,104,329 in the last three months. Insiders own 22.50% of the company’s stock.

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 & 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 companies with Analyst Ratings Network's FREE daily email newsletter.