Hortonworks (HDP) Stock Rating Reaffirmed by Rosenblatt Securities
Hortonworks (NASDAQ:HDP)‘s stock had its “buy” rating reaffirmed by equities research analysts at Rosenblatt Securities in a research note issued to investors on Tuesday. They currently have a $25.00 target price on the software maker’s stock. Rosenblatt Securities’ price objective would indicate 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.””
HDP has been the subject of several other research reports. Drexel Hamilton reissued a “buy” rating and issued a $26.00 price target on shares of Hortonworks in a report on Monday, November 6th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Hortonworks in a research report on Friday, November 3rd. Credit Suisse Group started coverage on shares of Hortonworks in a research report on Tuesday, September 5th. They issued an “outperform” rating and a $20.00 price objective on the stock. Zacks Investment Research raised shares of Hortonworks from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Hortonworks in a research report on Sunday, September 10th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $20.85.
Hortonworks (NASDAQ:HDP) last released its earnings results on Thursday, November 2nd. The software maker reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $63.11 million. During the same quarter in the previous year, the business earned ($0.68) EPS. The business’s quarterly revenue was up 45.3% compared to the same quarter last year. analysts forecast that Hortonworks will post -2.98 earnings per share for the current fiscal year.
In related news, insider Shaun Connolly sold 13,644 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $16.43, for a total value of $224,170.92. Following the transaction, the insider now owns 251,685 shares in the company, valued at approximately $4,135,184.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Robert G. Bearden sold 148,899 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $18.75, for a total transaction of $2,791,856.25. Following the completion of the transaction, the chief executive officer now owns 2,054,076 shares in the company, valued at approximately $38,513,925. The disclosure for this sale can be found here. Insiders have sold a total of 555,679 shares of company stock worth $10,497,691 over the last three months. Insiders own 22.50% of the company’s stock.
Institutional investors have recently modified their holdings of the company. ETF Managers Group LLC bought a new position in Hortonworks in the 2nd quarter valued at approximately $125,000. Legal & General Group Plc raised its stake in shares of Hortonworks by 8.1% during the second quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock valued at $144,000 after acquiring an additional 837 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Hortonworks by 15.9% during the second quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock valued at $160,000 after acquiring an additional 1,700 shares during the last quarter. Gotham Asset Management LLC bought a new position in shares of Hortonworks during the second quarter valued at $170,000. Finally, Quantbot Technologies LP bought a new position in shares of Hortonworks during the second quarter valued at $173,000. 58.81% of the stock is owned by institutional investors.
TRADEMARK VIOLATION WARNING: “Hortonworks (HDP) Stock Rating Reaffirmed by Rosenblatt Securities” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/12/12/hortonworks-hdp-stock-rating-reaffirmed-by-rosenblatt-securities.html.
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 MarketBeat.com's FREE daily email newsletter.