The stock of Hortonworks Inc (NASDAQ:HDP) hit a new 52-week low and has $6.23 target or 13.00% below today’s $7.16 share price. The 9 months bearish chart indicates high risk for the $362.77 million company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $6.23 price target is reached, the company will be worth $47.16M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 563,694 shares traded hands. Hortonworks Inc (NASDAQ:HDP) has declined 30.67% since March 10, 2016 and is downtrending. It has underperformed by 38.19% the S&P500.
Analysts await Hortonworks Inc (NASDAQ:HDP) to report earnings on November, 2. They expect $-0.99 earnings per share, up 1.00% or $0.01 from last year’s $-1 per share. After $-1.11 actual earnings per share reported by Hortonworks Inc for the previous quarter, Wall Street now forecasts -10.81% EPS growth.
Hortonworks Inc (NASDAQ:HDP) Ratings Coverage
Out of 15 analysts covering Hortonworks (NASDAQ:HDP), 9 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 60% are positive. $40 is the highest target while $9 is the lowest. The $20.64 average target is 188.27% above today’s ($7.16) stock price. Hortonworks has been the topic of 27 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Hortonworks Inc (NASDAQ:HDP) has “Neutral” rating given on Thursday, February 11 by Susquehanna. The firm has “Buy” rating by Mizuho given on Thursday, February 11. The stock of Hortonworks Inc (NASDAQ:HDP) earned “Buy” rating by Wunderlich on Thursday, August 6. The stock has “Perform” rating given by Oppenheimer on Monday, January 25. The company was downgraded on Friday, August 5 by Needham. The firm has “Buy” rating given on Thursday, February 11 by Needham. On Friday, August 5 the stock rating was downgraded by Mizuho to “Neutral”. RBC Capital Markets maintained Hortonworks Inc (NASDAQ:HDP) on Friday, August 5 with “Outperform” rating. The stock of Hortonworks Inc (NASDAQ:HDP) has “Buy” rating given on Friday, November 20 by Needham. On Monday, July 11 the stock rating was upgraded by DA Davidson to “Buy”.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 1.4 in 2016 Q2. Its up 0.06, from 1.34 in 2016Q1. The ratio is positive, as 17 funds sold all Hortonworks Inc shares owned while 18 reduced positions. 14 funds bought stakes while 35 increased positions. They now own 30.22 million shares or 13.03% more from 26.73 million shares in 2016Q1.
Fmr Ltd Liability Co reported 4.59M shares or 0.01% of all its holdings. Blackrock Advisors has 0.01% invested in the company for 602,506 shares. Invesco Limited reported 34,924 shares or 0% of all its holdings. The Ontario – Canada-based Royal Comml Bank Of Canada has invested 0% in Hortonworks Inc (NASDAQ:HDP). Blackrock Institutional Na has invested 0% of its portfolio in Hortonworks Inc (NASDAQ:HDP). Interest Grp last reported 0% of its portfolio in the stock. Carlson Cap Limited Partnership has invested 0.05% of its portfolio in Hortonworks Inc (NASDAQ:HDP). The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Hortonworks Inc (NASDAQ:HDP). Bank & Trust Of New York Mellon owns 176,348 shares or 0% of their US portfolio. The New York-based Millennium Management Limited has invested 0% in Hortonworks Inc (NASDAQ:HDP). Moreover, Ladenburg Thalmann Financial Services Inc has 0% invested in Hortonworks Inc (NASDAQ:HDP) for 1,181 shares. California State Teachers Retirement holds 0% of its portfolio in Hortonworks Inc (NASDAQ:HDP) for 84,580 shares. Schwab Charles Inv Mgmt reported 121,549 shares or 0% of all its holdings. The Pennsylvania-based Nationwide Fund has invested 0% in Hortonworks Inc (NASDAQ:HDP). Tiaa Cref Ltd Company accumulated 0% or 161,519 shares.
More recent Hortonworks Inc (NASDAQ:HDP) news were published by: Prnewswire.com which released: “Hortonworks to Announce Third Quarter 2016 Results on November 3, 2016” on October 10, 2016. Also Prnewswire.com published the news titled: “Hortonworks Tightens Focus on the Cloud with Connected Data Architecture” on September 27, 2016. Prnewswire.com‘s news article titled: “Hortonworks Accelerates Cloud Innovation for Customers with Microsoft Azure …” with publication date: September 29, 2016 was also an interesting one.
HDP Company Profile
Hortonworks, Inc., incorporated on April 15, 2011, is a well-known provider and distributor of an enterprise-scale data management software platforms. The Company’s product offerings include Hortonworks Data Platform (HDP), Hortonworks Sandbox and Hortonworks DataFlow Platform (HDF). The Firm provides support subscription offerings and related professional services for its enterprise-scale Connected Data Platforms, such as HDP and HDF. The Company’s Data at Rest solution, the HDP, is an enterprise-scale data management platform built entirely on open source software, including Apache Hadoop. HDP combines computer servers with local storage and open source software technology to create a distributed compute and storage platform for data sets that is secure and scalable over petabytes of data within thousands of servers or nodes.
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