Hortonworks (HDP) Getting Somewhat Favorable Press Coverage, Analysis Finds

Headlines about Hortonworks (NASDAQ:HDP) have been trending somewhat positive on Sunday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hortonworks earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave press coverage about the software maker an impact score of 45.8441215012395 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news stories that may have effected Accern’s rankings:

How to Become a New Pot Stock Millionaire

NASDAQ:HDP opened at $17.50 on Friday. Hortonworks has a fifty-two week low of $9.93 and a fifty-two week high of $22.00. The stock has a market cap of $1,393.28, a PE ratio of -5.72 and a beta of 1.39.

Hortonworks (NASDAQ:HDP) last released its earnings results on Thursday, February 8th. The software maker reported ($0.24) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.24). The firm had revenue of $75.01 million during the quarter, compared to the consensus estimate of $70.44 million. The company’s revenue was up 44.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.50) EPS. analysts forecast that Hortonworks will post -2.43 earnings per share for the current fiscal year.

A number of brokerages have issued reports on HDP. Credit Suisse Group cut Hortonworks from an “outperform” rating to a “neutral” rating and set a $20.00 target price on the stock. in a report on Tuesday, January 16th. Zacks Investment Research cut Hortonworks from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Mizuho raised their target price on Hortonworks from $14.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Barclays cut Hortonworks from an “overweight” rating to an “equal weight” rating and set a $22.00 price objective on the stock. in a report on Monday, January 8th. Finally, DA Davidson began coverage on Hortonworks in a report on Friday, March 9th. They set a “buy” rating and a $24.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $22.14.

In other Hortonworks news, CEO Robert G. Bearden sold 113,947 shares of the business’s stock in a transaction that occurred on Wednesday, April 11th. The stock was sold at an average price of $17.92, for a total value of $2,041,930.24. Following the sale, the chief executive officer now owns 1,773,730 shares in the company, valued at approximately $31,785,241.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Scott E. Gnau sold 2,659 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $17.12, for a total value of $45,522.08. Following the completion of the sale, the chief technology officer now owns 345,794 shares in the company, valued at approximately $5,919,993.28. The disclosure for this sale can be found here. Insiders sold a total of 1,544,586 shares of company stock worth $28,861,716 in the last 90 days. Company insiders own 22.50% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was posted by Week Herald and is the property of of Week Herald. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://weekherald.com/2018/04/15/hortonworks-hdp-getting-somewhat-favorable-press-coverage-analysis-finds.html.

About Hortonworks

Hortonworks, Inc provides data management platforms, services, and solutions in North America, the Asia Pacific, Europe, and Latin America. It offers Hortonworks Data Platform (HDP), an enterprise-scale data management platform which provides a platform for multi-workload data processing; Hortonworks DataFlow, a data-in-motion platform to automate and secure Internet of anything data flows, as well as to collect, conduct, and curate real-time business insights and actions derived from data in motion, including sensors, machines, geolocation devices, clicks, server logs, and social feeds; and Hortonworks DataPlane Service simplifies managing, securing, governing, provisioning, and consuming distributed data systems.

Insider Buying and Selling by Quarter for Hortonworks (NASDAQ:HDP)

Receive News & Ratings for Hortonworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hortonworks and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply