Today, JMP Securities Reaffirmed “Buy” Rating for Hortonworks Inc. (HDP)

Today, JMP Securities Reaffirmed “Buy” Rating for Hortonworks Inc. (HDP)

Hortonworks Inc. (NASDAQ:HDP)‘s stock had its “buy” rating reissued by stock analysts at JMP Securities in a report released on Sunday.

A number of other brokerages also recently issued reports on HDP. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Hortonworks in a research report on Friday, August 5th. Drexel Hamilton reaffirmed a “buy” rating and set a $30.00 price target on shares of Hortonworks in a research report on Tuesday, August 2nd. Goldman Sachs Group Inc. lowered their price target on Hortonworks from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 5th. Mizuho cut Hortonworks from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $18.00 to $10.00 in a research report on Friday, August 5th. Finally, Needham & Company LLC cut Hortonworks from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. Hortonworks currently has an average rating of “Buy” and an average price target of $16.90.

Shares of Hortonworks (NASDAQ:HDP) traded up 1.18% during trading on Friday, hitting $9.46. The company had a trading volume of 247,945 shares. Hortonworks has a 1-year low of $6.42 and a 1-year high of $22.75. The firm’s market capitalization is $574.81 billion. The company’s 50 day moving average is $8.14 and its 200 day moving average is $9.49.

Hortonworks (NASDAQ:HDP) last issued its quarterly earnings results on Thursday, November 3rd. The company reported ($0.68) earnings per share for the quarter, missing the consensus estimate of ($0.66) by $0.02. Hortonworks had a negative return on equity of 304.38% and a negative net margin of 144.11%. The business earned $47.52 million during the quarter, compared to analysts’ expectations of $45.10 million. During the same quarter in the previous year, the company posted ($0.74) earnings per share. The company’s quarterly revenue was up 47.1% compared to the same quarter last year. Analysts anticipate that Hortonworks will post ($2.68) earnings per share for the current fiscal year.

In related news, insider Scott E. Gnau sold 3,857 shares of the stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $7.80, for a total value of $30,084.60. Following the transaction, the insider now owns 165,603 shares of the company’s stock, valued at $1,291,703.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Greg Pavlik sold 34,319 shares of the stock in a transaction on Wednesday, October 19th. The shares were sold at an average price of $6.88, for a total value of $236,114.72. Following the completion of the transaction, the insider now directly owns 361,078 shares in the company, valued at approximately $2,484,216.64. The disclosure for this sale can be found here. 26.00% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Passport Capital LLC increased its stake in shares of Hortonworks by 3.6% in the second quarter. Passport Capital LLC now owns 6,905,870 shares of the company’s stock valued at $73,824,000 after buying an additional 237,365 shares during the period. FMR LLC increased its stake in shares of Hortonworks by 19.0% in the second quarter. FMR LLC now owns 4,591,300 shares of the company’s stock worth $49,081,000 after buying an additional 731,490 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Hortonworks by 17.7% in the second quarter. Vanguard Group Inc. now owns 2,609,182 shares of the company’s stock worth $27,892,000 after buying an additional 392,256 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in shares of Hortonworks during the third quarter worth approximately $11,266,000. Finally, Deutsche Bank AG increased its stake in shares of Hortonworks by 62.9% in the fourth quarter. Deutsche Bank AG now owns 1,298,849 shares of the company’s stock worth $28,443,000 after buying an additional 501,588 shares during the last quarter. Institutional investors own 53.87% of the company’s stock.

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