Today’s Stock On Watch: After Achieving All-Time Low, Is Hortonworks Inc’s Near-Term Analysis Positive?

Today's Stock On Watch: After Achieving All Time Low, Is Hortonworks Inc's Near Term Analysis Positive?

The stock of Hortonworks Inc (NASDAQ:HDP) reached all time low today, Oct, 17 and still has $5.93 target or 13.00% below today’s $6.82 share price. This indicates more downside for the $388.94 million company. This technical setup was reported by If the $5.93 PT is reached, the company will be worth $50.56 million 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 518,962 shares traded hands. Hortonworks Inc (NASDAQ:HDP) has declined 39.72% since March 14, 2016 and is downtrending. It has underperformed by 45.33% 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), 8 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 53% are positive. Hortonworks has been the topic of 28 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Oppenheimer maintained Hortonworks Inc (NASDAQ:HDP) on Thursday, November 5 with “Outperform” rating. Northland Capital initiated it with “Buy” rating and $24 target price in Friday, June 17 report. The stock of Hortonworks Inc (NASDAQ:HDP) has “Outperform” rating given on Wednesday, February 3 by Credit Suisse. The firm has “Buy” rating given on Friday, August 5 by Wunderlich. The firm has “Hold” rating by Needham given on Friday, August 5. The stock has “Buy” rating given by Wunderlich on Thursday, August 6. On Monday, July 11 the stock rating was upgraded by DA Davidson to “Buy”. On Thursday, February 11 the stock rating was maintained by Wunderlich with “Buy”. The firm earned “Sector Perform” rating on Friday, August 5 by Pacific Crest. The stock has “Neutral” rating given by Mizuho on Friday, August 5.

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.
Trexquant Investment L P last reported 17,233 shares in the company. The New York-based Metropolitan Life Ny has invested 0% in Hortonworks Inc (NASDAQ:HDP). Schwab Charles Inv Management Inc accumulated 0% or 121,549 shares. Tudor Investment Et Al holds 16,135 shares or 0% of its portfolio. Croft last reported 0.1% of its portfolio in the stock. Moreover, Credit Suisse Ag has 0% invested in Hortonworks Inc (NASDAQ:HDP) for 37,164 shares. Northern has invested 0% of its portfolio in Hortonworks Inc (NASDAQ:HDP). State Of New Jersey Common Pension Fund D, a New Jersey-based fund reported 480,000 shares. The Georgia-based Suntrust Banks Incorporated has invested 0% in Hortonworks Inc (NASDAQ:HDP). New York State Common Retirement Fund accumulated 83,510 shares or 0% of the stock. Alliancebernstein Lp has 38,000 shares for 0% of their US portfolio. Teachers Advisors, a New York-based fund reported 64,117 shares. Envestnet Asset last reported 0% of its portfolio in the stock. State Bank Of Montreal Can accumulated 0% or 2,465 shares. Citigroup Inc last reported 0.01% of its portfolio in the stock.

More recent Hortonworks Inc (NASDAQ:HDP) news were published by: which released: “Hortonworks to Announce Third Quarter 2016 Results on November 3, 2016” on October 10, 2016. Also published the news titled: “Hortonworks Named on the Constellation ShortListâ„¢ for Internet of Things …” on October 05, 2016.‘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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