Guidance Software, Inc. (NASDAQ:GUID) was downgraded by equities researchers at Piper Jaffray Companies from an “overweight” rating to a “neutral” rating in a note issued to investors on Wednesday, July 26th, MarketBeat Ratings reports. They currently have a $7.00 target price on the software maker’s stock, down from their previous target price of $8.50. Piper Jaffray Companies’ price target would indicate a potential downside of 0.85% from the company’s current price.
A number of other equities research analysts also recently weighed in on GUID. B. Riley restated a “buy” rating and issued a $9.00 target price on shares of Guidance Software in a research report on Wednesday, May 3rd. Northland Securities set a $8.00 target price on Guidance Software and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Zacks Investment Research upgraded Guidance Software from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a research report on Tuesday, May 9th. Finally, TheStreet upgraded Guidance Software from a “d-” rating to a “c-” rating in a research report on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.61.
Guidance Software (GUID) traded down 0.14% during mid-day trading on Wednesday, hitting $7.06. The stock had a trading volume of 847,015 shares. The company has a 50-day moving average of $6.86 and a 200-day moving average of $6.60. Guidance Software has a 12-month low of $4.52 and a 12-month high of $7.80. The stock’s market cap is $214.77 million.
Guidance Software (NASDAQ:GUID) last released its earnings results on Tuesday, August 1st. The software maker reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. The firm had revenue of $24.66 million during the quarter, compared to the consensus estimate of $27.63 million. Guidance Software had a negative return on equity of 1,293.38% and a negative net margin of 6.56%. On average, analysts anticipate that Guidance Software will post $0.31 earnings per share for the current fiscal year.
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In other news, major shareholder Shawn Mccreight sold 9,383 shares of the stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $7.02, for a total transaction of $65,868.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 982,084 shares of company stock valued at $6,690,299 in the last quarter. Insiders own 8.40% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Primecap Management Co. CA increased its stake in shares of Guidance Software by 2.5% in the first quarter. Primecap Management Co. CA now owns 4,779,594 shares of the software maker’s stock worth $28,200,000 after buying an additional 117,979 shares during the period. Vanguard Group Inc. increased its stake in shares of Guidance Software by 12.2% in the first quarter. Vanguard Group Inc. now owns 1,144,250 shares of the software maker’s stock worth $6,751,000 after buying an additional 124,121 shares during the period. Renaissance Technologies LLC increased its stake in shares of Guidance Software by 9.3% in the first quarter. Renaissance Technologies LLC now owns 421,706 shares of the software maker’s stock worth $2,488,000 after buying an additional 36,006 shares during the period. State Street Corp increased its stake in shares of Guidance Software by 2.0% in the fourth quarter. State Street Corp now owns 304,945 shares of the software maker’s stock worth $2,159,000 after buying an additional 5,982 shares during the period. Finally, Herald Investment Management Ltd increased its stake in shares of Guidance Software by 25.0% in the first quarter. Herald Investment Management Ltd now owns 250,000 shares of the software maker’s stock worth $1,472,000 after buying an additional 50,000 shares during the period. Institutional investors own 53.54% of the company’s stock.
Guidance Software Company Profile
Guidance Software, Inc is a technology company. The Company is a provider of endpoint investigation solutions for cybersecurity analytics, security incident response, e-discovery, data privacy and forensic analysis. The Company has five segments, which include Products, Subscription, Professional services, Training and Maintenance.
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