Hortonworks (HDP) Rating Reiterated by Rosenblatt Securities
Hortonworks (NASDAQ:HDP)‘s stock had its “buy” rating reaffirmed by equities research analysts at Rosenblatt Securities in a report issued on Tuesday. They presently have a $25.00 price target on the software maker’s stock. Rosenblatt Securities’ price objective points to a potential upside of 27.68% from the stock’s previous close.
The analysts wrote, “We value Alphabet on a DCF basis. Our valuation incorporates a long-term 5.5% growth rate, a short-term 8.1% discount rate and a 10.9% long-term discount rate. Our price target on Alphabet remains at $990 and we continue to rate the stock Hold. RISKS. Core risks for web publishers relate to: 1) high degree of rivalry in lieu of barriers preventing competition from emerging 2) high and increasing capital needs to remain and 3) government regulations and consumer pushback related to data management and privacy. Brian Wieser, CFA 212-514-4682 [email protected] ALPHABET (GOOGL) RATING: HOLD (Previous: HOLD) Target Price: $990.00 (Previous: $990.00) Price (12/7/17): $1044.57 MARKET DATA 52 Wk Hi – Low $743.59 – 1063.62 Market Cap. (MM) $718,030 Avg. Daily Vol (000) 1,580 Adj.””
A number of other analysts also recently weighed in on HDP. Barclays increased their price target on shares of Hortonworks from $16.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, August 25th. Credit Suisse Group started coverage on shares of Hortonworks in a report on Tuesday, September 5th. They issued an “outperform” rating and a $20.00 price target for the company. BidaskClub raised shares of Hortonworks from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of Hortonworks in a report on Sunday, September 10th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $16.00 price objective on shares of Hortonworks in a report on Sunday, September 17th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $20.85.
Shares of Hortonworks (HDP) opened at $19.58 on Tuesday. Hortonworks has a 1-year low of $8.02 and a 1-year high of $20.66.
Hortonworks (NASDAQ:HDP) last posted its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.24) earnings per share (EPS) for the quarter, topping 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 business had revenue of $69.00 million during the quarter, compared to the consensus estimate of $63.11 million. During the same period in the prior year, the firm earned ($0.68) EPS. Hortonworks’s quarterly revenue was up 45.3% compared to the same quarter last year. equities research analysts anticipate that Hortonworks will post -2.98 earnings per share for the current year.
In related news, 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 transaction, the insider now directly owns 251,685 shares in the company, valued at $4,135,184.55. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Scott Davidson sold 30,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $16.69, for a total transaction of $500,700.00. Following the transaction, the insider now owns 1,131,322 shares in the company, valued at $18,881,764.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 555,679 shares of company stock worth $10,497,691. Insiders own 22.50% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. ETF Managers Group LLC bought a new stake in shares of Hortonworks in the second quarter valued at about $125,000. Legal & General Group Plc lifted its position in Hortonworks by 8.1% during 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 during the period. UBS Asset Management Americas Inc. lifted its position in Hortonworks by 15.9% during 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 during the period. Gotham Asset Management LLC bought a new stake in Hortonworks during the second quarter worth about $170,000. Finally, Quantbot Technologies LP bought a new stake in Hortonworks during the second quarter worth about $173,000. Institutional investors and hedge funds own 58.81% 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.
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