Hortonworks, Inc. (NASDAQ:HDP)‘s stock had its “hold” rating reaffirmed by 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 target suggests a potential downside of 15.20% 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.””

HDP has been the subject of a number of other reports. Cowen and Company reiterated a “market perform” rating and issued a $14.00 price target (up from $11.00) on shares of Hortonworks in a research note on Wednesday, August 9th. ValuEngine upgraded shares of Hortonworks from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Barclays PLC reaffirmed an “overweight” rating and set a $16.00 price target (up previously from $15.00) on shares of Hortonworks in a report on Friday, August 4th. Zacks Investment Research raised shares of Hortonworks from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $16.00 price target on shares of Hortonworks in a report on Sunday, September 17th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Hortonworks currently has a consensus rating of “Buy” and an average target price of $18.93.

Hortonworks (NASDAQ:HDP) last posted its earnings results on Thursday, August 3rd. The software maker reported ($0.87) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.87). Hortonworks had a negative net margin of 107.07% and a negative return on equity of 765.37%. The firm had revenue of $61.83 million during the quarter, compared to analysts’ expectations of $57.62 million. During the same period last year, the company posted ($0.72) EPS. The company’s quarterly revenue was up 41.6% compared to the same quarter last year.

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In other Hortonworks news, insider Shaun Connolly sold 13,644 shares of Hortonworks stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $16.43, for a total value of $224,170.92. Following the completion of the transaction, the insider now directly owns 251,685 shares of the company’s stock, valued at approximately $4,135,184.55. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Scott E. Gnau sold 10,000 shares of Hortonworks stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $15.00, for a total value of $150,000.00. Following the completion of the transaction, the insider now directly owns 351,070 shares of the company’s stock, valued at $5,266,050. The disclosure for this sale can be found here. In the last quarter, insiders have sold 659,708 shares of company stock worth $11,028,628. Insiders own 22.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in HDP. Oppenheimer Asset Management Inc. purchased a new stake in Hortonworks during the first quarter worth approximately $117,000. Lyon Street Capital LLC lifted its stake in Hortonworks by 27.0% during the second quarter. Lyon Street Capital LLC now owns 272,095 shares of the software maker’s stock worth $3,505,000 after purchasing an additional 57,845 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Hortonworks by 17.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 205,032 shares of the software maker’s stock worth $2,012,000 after purchasing an additional 29,747 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Hortonworks by 73.9% during the first quarter. Wells Fargo & Company MN now owns 48,421 shares of the software maker’s stock worth $475,000 after purchasing an additional 20,577 shares during the last quarter. Finally, Strs Ohio purchased a new stake in Hortonworks during the second quarter worth approximately $408,000. 50.25% of the stock is owned by institutional investors and hedge funds.

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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