The stock of Hortonworks Inc (NASDAQ:HDP) reached all time low today, Oct, 13 and still has $6.12 target or 13.00% below today’s $7.03 share price. This indicates more downside for the $356.02 million company. This technical setup was reported by Barchart.com. If the $6.12 PT is reached, the company will be worth $46.28M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 625,864 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 EPS, up 1.00% or $0.01 from last year’s $-1 per share. After $-1.11 actual EPS 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. Hortonworks has been the topic of 27 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Needham on Thursday, February 11. The rating was downgraded by Mizuho to “Neutral” on Friday, August 5. The stock of Hortonworks Inc (NASDAQ:HDP) has “Overweight” rating given on Thursday, February 4 by Barclays Capital. Pacific Crest downgraded the shares of HDP in a report on Friday, August 5 to “Sector Perform” rating. The company was downgraded on Friday, August 5 by Needham. Goldman Sachs initiated the shares of HDP in a report on Friday, December 11 with “Buy” rating. The stock has “Buy” rating given by Wunderlich on Thursday, August 6. The stock of Hortonworks Inc (NASDAQ:HDP) has “Buy” rating given on Tuesday, January 19 by Mizuho. The stock of Hortonworks Inc (NASDAQ:HDP) earned “Buy” rating by Northland Capital on Friday, June 17. The firm earned “Outperform” rating on Thursday, November 5 by Oppenheimer.
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 improved, 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.
Nationwide Fund Advisors accumulated 0% or 26,133 shares. Deutsche Commercial Bank Ag holds 1.10M shares or 0.01% of its portfolio. Teacher Retirement Sys Of Texas last reported 0% of its portfolio in the stock. Bnp Paribas Arbitrage last reported 0% of its portfolio in the stock. Moreover, Connor Clark And Lunn Investment Management Ltd has 0.01% invested in Hortonworks Inc (NASDAQ:HDP) for 70,650 shares. Moreover, Creative Planning has 0% invested in Hortonworks Inc (NASDAQ:HDP) for 1,618 shares. National Bank Of America Corp De accumulated 0% or 13,558 shares. Manufacturers Life Insur The holds 28,185 shares or 0% of its portfolio. California State Teachers Retirement Sys accumulated 0% or 84,580 shares. The Massachusetts-based Rhumbline Advisers has invested 0% in Hortonworks Inc (NASDAQ:HDP). Lazard Asset Mgmt Limited Liability Company has 143,200 shares for 0% of their US portfolio. Tiaa Cref Mngmt Ltd Company has 161,519 shares for 0% of their US portfolio. Legal General Gp Pcl has 7,453 shares for 0% of their US portfolio. Bancorp Of Montreal Can accumulated 0% or 2,465 shares. Fifth Third Bank & Trust last reported 37,000 shares in the company.
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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